Vietnam.vn - Nền tảng quảng bá Việt Nam

With the price soaring, will a new peak be set?

Việt NamViệt Nam17/08/2024


Pepper price forecast for August 16, 2024: Remaining at high levels, will pepper prices continue to rise? Pepper price forecast for August 17, 2024: Will prices plummet?

Pepper prices are forecast to surge on August 18, 2024. According to Ms. Hoang Thi Lien, President of the Vietnam Pepper and Spice Association (VPSA), global demand for pepper is increasing, and the EU remains a major consumer market for Vietnamese pepper. Furthermore, the processing capacity of Vietnamese businesses is substantial, potentially reaching 140,000 tons per year, creating opportunities for the Vietnamese pepper industry to develop in the future.

VPSA prioritizes maintaining stable pepper cultivation areas, focusing on solutions to improve quality and diversify processed products with high added value. Accordingly, it is necessary to advise and guide farmers to comply with international standards, especially regarding chemical residue levels, and to implement cultivation, pest control, processing, and preservation methods suitable to the climatic conditions of different regions.

Meanwhile, today, August 17, 2024, pepper prices in the Southeast region decreased by 2,000 - 2,500 VND/kg in some localities compared to yesterday, trading around 136,000 - 137,000 VND/kg, with the highest purchase price in Dak Lak province at 137,000 VND/kg.

Dự báo giá tiêu ngày 18/8/2024: Tăng vùn vụt,
Pepper price forecast for August 18, 2024: Soaring, will a new peak be set? (Illustrative image)

Specifically, the price of pepper in Dak Lak is being purchased at 137,000 VND/kg, a decrease of 2,000 VND compared to yesterday. The price of pepper in Chu Se (Gia Lai) is being purchased at 136,500 VND/kg, a decrease of 2,500 VND compared to yesterday. The price of pepper in Dak Nong today is recorded at 136,500 VND/kg, a decrease of 2,500 VND/kg compared to yesterday.

In the Southeast region, pepper prices today decreased by 2,500 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau , the price is currently at 136,000 VND/kg, down 2,500 VND/kg from yesterday; in Binh Phuoc, the price is also at 136,000 VND/kg, down 2,500 VND/kg from yesterday.

Domestic pepper prices on August 17, 2024

You may also like
Pepper prices today, March 6, 2026: Rising across the board.
Pepper prices today, March 6, 2026: Rising across the board.Pepper prices today, March 6th: Domestic pepper prices reversed course and increased across the board by 500 - 2,000 VND/kg compared to yesterday.
Pepper prices today, June 10, 2026: Domestic prices surge.
Pepper prices today, June 10, 2026: Domestic prices surge.Today, June 10, 2026, pepper prices recorded an increase in key producing areas. Currently, prices are trading around 138,000 - 140,000 VND/kg.
Pepper prices rose again today, June 23, 2026, with the market showing signs of recovery after a period of correction.
Pepper prices rose again today, June 23, 2026, with the market showing signs of recovery after a period of correction.After several sessions of decline, domestic pepper prices reversed course and rose slightly today, June 23, 2026, in most key growing regions. Meanwhile, the global pepper market remained stable.
Dự báo giá tiêu ngày 18/8/2024: Tăng vùn vụt, đỉnh mới có được thiết lập?

According to the International Pepper Association (IPC), at the close of the most recent trading session, the IPC listed Indonesian Lampung black pepper at US$7,412/ton, down 0.19%, and Muntok white pepper at US$8,728/ton, down 0.18%.

Brazilian ASTA 570 black pepper prices remained stable at US$6,175/ton. Malaysian ASTA black pepper prices continued to hold steady at US$8,500/ton; Malaysian ASTA white pepper prices reached US$10,400/ton.

Vietnamese black pepper prices remained high, trading at US$5,800/ton for the 500 g/l variety; US$6,200/ton for the 550 g/l variety; and white pepper at US$8,500/ton.

IPC noted that the pepper market this week continued to show mixed reactions. After reporting an upward trend over the past two weeks, Indian pepper prices, both domestically and internationally, remained stable this week. Only Indonesian black pepper continued to see an increase since last week.

Meanwhile, the latest market report from last week (August 5-11, 2024) from the International Pepper Community indicates that domestic and export pepper prices in India and Sri Lanka were recorded over the past two weeks.

In Southeast Asia, as the Indonesian Rupiah appreciated by 1% against the US dollar (16,061 IDR/USD), pepper prices both domestically and internationally in the country rose last week.

Both domestic and export pepper prices in Malaysia have risen over the past two weeks, partly due to the Malaysian Ringgit's sharp 3% appreciation against the US dollar (4.47 MYR/USD) and the start of the harvest season for some farmers in the country.

The Ministry of Foreign Affairs received a copy of the Letter of Credence for the U.S. Ambassador to Vietnam.
The Ministry of Foreign Affairs received a copy of the Letter of Credence for the U.S. Ambassador to Vietnam.On the afternoon of July 2nd, at the Ministry of Foreign Affairs headquarters, Mr. Le Cong Dung, Director of the State Protocol and Foreign Interpretation Department, received a copy of the Letter of Credence from Ms. Jennifer Wicks, Ambassador of the United States of America to Vietnam.
Ambassador Nguyen Quoc Dung visits and works in Minnesota, USA.
Ambassador Nguyen Quoc Dung visits and works in Minnesota, USA.From June 28-30, the Vietnamese Ambassador to the United States, Nguyen Quoc Dung, paid a visit and worked in Minnesota.
Vietnam encourages US businesses to expand investment in high technology.
Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries.

After two weeks of stability, Vietnam's domestic and export pepper prices recorded a decrease last week. Brazilian black pepper prices have also fallen since last week. Meanwhile, Cambodian black pepper and Chinese white pepper prices remained stable and unchanged. In contrast, pepper prices in the US market showed a downward trend from producing countries.

*This information is for reference only. Prices may vary depending on the time and location.

Source: https://congthuong.vn/du-bao-gia-tieu-ngay-1882024-tang-vun-vut-dinh-moi-co-duoc-thiet-lap-339733.html

Most Read

Google Trends

Same author

Heritage

Figure

Enterprise

News

Political System

Destination

Product

Happy Vietnam
Peace in the eyes of a child

Peace in the eyes of a child

INTERVAL

INTERVAL

Classroom on West Island (Spratly Islands)

Classroom on West Island (Spratly Islands)