In Dak Lak and Dak Nong provinces, pepper prices today are purchased at 71,500 VND/kg.
In Gia Lai province, pepper price today is at 70,500 VND/kg.
Meanwhile in Dong Nai , pepper price today is at 71,500 VND/kg.
In Ba Ria - Vung Tau province, pepper price today is at 73,500 VND/kg.
In Binh Phuoc province, pepper price today is purchased at 73,000 VND/kg.
Pepper prices today remain stable in localities compared to the same time yesterday.
At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 4,313 USD/ton, down 0.16%; the price of Brazilian black pepper ASTA 570 at 3,350 USD/ton; the price of Kuching black pepper (Malaysia) ASTA remained at 4,900 USD/ton.
Muntok white pepper price is 6,383 USD/ton, down 0.14%; Malaysian ASTA white pepper price remains at 7,300 USD/ton.
Vietnam black pepper price is traded at 3,500 USD/ton for 500 g/l, 3,600 USD/ton for 550 g/l; white pepper price is at 5,100 USD/ton.
After increasing by 1,000-1,500 VND/kg last week, domestic pepper prices continued to move sideways. Globally, although countries are predicting a new increase, in the short term, the high USD is reducing the export value of pepper.
In its latest report, Phuc Thinh Import-Export Investment Joint Stock Company stated that demand shows signs of increasing in Europe, America and Africa, however the Chinese market is still slow.
The US continued to be Vietnam's largest pepper export market in August 2023, reaching 4,376 tons, up 31.8% compared to July. Next are the markets: India: 1,986 tons (up 205.1%); China: 1,465 tons (down 25.2%); UAE: 1,234 tons (up 124.0%)...
Leading the export in August was Olam Vietnam with 1,862 tons, up 8.2% compared to the previous month. Next were the following enterprises: Nedspipce: 1,544 tons (up 35.2%); Tran Chau: 1,154 tons (up 1.2%); Phuc Sinh: 1,084 tons (up 22.2%)...
In the first 8 months, China was Vietnam's largest pepper export market, reaching 53,792 tons, up 454.8% and accounting for 28.7% of the market share. Next was the US with 33,589 tons, down 10.6%, accounting for 17.9% of the market share. Exports from Africa increased by 13.2%, of which Egypt increased by 47.5% to 3,113 tons; Senegal: 1,763 tons, up 53.2%... Exports to China remained at the top as this country bought heavily to replenish its reserves after many years of closure due to Covid-19. Purchasing power from this market began to decline in the middle of the year.
High demand from now until the end of the year along with low harvest output in many countries due to weather are two factors that will help pepper prices recover in the fourth quarter of 2023.
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