Update the latest domestic and world pepper prices on March 4, 2024
Pepper price today is 4/3 in the world
In the world, the pepper market on March 4 remained stable in many countries.
Accordingly, the price of Lampung black pepper in Indonesia is anchored at 3,896 USD/ton. The price of Muntok white pepper in this country remains at 6,142 USD/ton.
Malaysia's Kuching ASTA black pepper price remained stable at 4,900 USD/ton; This country's ASTA white pepper is still priced at 7,300 USD/ton.
For the Brazilian market, the price of ASTA 570 black pepper is at 4,270 USD/ton.
In Vietnam, export prices of black pepper grades 500 and 550 g/l remained at 3,900 and 4,000 USD/ton, respectively. The export price of white pepper reached 5,700 USD/ton.
| Pepper type | Price (Unit: USD/ton) | Change |
| Lampung black pepper (Indonesia) | 3,896 | – |
| Brazilian black pepper ASTA 570 | 4,270 | – |
| Kuching black pepper (Malaysia) ASTA | 4,900 | – |
| Muntok white pepper | 6.142 | – |
| ASTA Malaysian white pepper | 7,300 | – |
Today's world pepper prices have no new fluctuations. Summing up last week, the global pepper market fluctuated in opposite directions with only India reporting a decrease.
Thus, world pepper prices on March 4, 2024 were flat compared to yesterday.
Pepper price today is 4/3 in the country
Domestically, the pepper market on March 4 had no new fluctuations compared to yesterday.
Specifically, Dak Lak and Dak Nong traded at 95,500 VND/kg;
In Gia Lai, pepper price today remains at 93,000 VND/kg;
In Dong Nai, traders buy it at a price of 93,500 VND/kg;
The latest pepper price in Ba Ria - Vung Tau still reaches 95,500 VND/kg;
Binh Phuoc traders trade at 95,000 VND/kg.
| Province | Price | Up and down |
| Dak Lak | 95,500 | – |
| Dak Nong | 95,500 | – |
| Gia Lai | 93,000 | – |
| Dong Nai | 93,500 | – |
| BA Ria Vung Tau | 93,500 | – |
| Binh Phuoc | 95,500 | – |
Latest domestic pepper price list dated March 4, 2024. Unit: VND/kg
Domestic pepper prices today are flat with the highest level reaching 95,500 VND/kg. Summarizing last week, the domestic pepper market increased rapidly from 3,000 - 4,000 VND/kg.
Evaluating this week, experts believe that domestic pepper will still be anchored at a high level, the upward momentum is still there but is no longer strong when new crops are about to hit the market.
Mr. Hoang Phuoc Binh - Vice Chairman of Chu Se Pepper Association (Gia Lai) commented that the general trend this year is that prices will continue to increase and can completely return to the mark of more than 100 thousand VND/kg in the near future. time is not far away.
Global and Vietnamese pepper production is forecast to decrease, along with many farmers not being in a hurry to sell pepper to the market, contributing to scarcity as well as keeping pepper prices high.
Thus, domestic pepper prices on March 4, 2024 are trading around 93,000 - 95,500 VND/kg.
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