Pepper market on May 16, 2024: increased sharply, adding up to 6,000 VND
May
Pepper price today May 16 is in the range of 105,500 - 107,000 VND/kg. Vietnam's domestic and export pepper prices are still increasing, while the pepper harvest season has ended, so the supply will increasingly decrease.
In Dak Lak province, today's pepper price was purchased at 112,000 VND/kg, an increase of 6,000 VND/kg.
In Dak Nong province, today's pepper price was purchased at 112,500 VND/kg, an increase of 5,500 VND/kg.
In Gia Lai province, pepper price today is at 112,500 VND/kg, an increase of 5,500 VND/kg.
Meanwhile in Dong Nai, pepper price today is at 112,000 VND/kg, an increase of 6,000 VND/kg.
In Ba Ria - Vung Tau province, pepper price today is at 112,000 VND/kg, an increase of 5,000 VND/kg.
In Binh Phuoc province, today's pepper price was purchased at 112,000 VND/kg, an increase of 6,000 VND/kg.
Pepper prices at the beginning of this morning increased by 5,000 - 6,000 VND compared to the same time yesterday.
Vietnam's domestic and export pepper prices are still increasing, while the pepper harvest season has ended, so the supply will increasingly decrease.
Some pepper export businesses believe that in the long term, pepper prices will continue to increase because the area cannot recover quickly. Vietnam's pepper consumption is still maintaining stability.
From the beginning of the year until now, pepper prices have increased about 25%. The reason comes from a decrease in supply due to the impact of bad weather and people shrinking their area.
The Vietnam Pepper and Spice Association forecasts that this year's output is expected to decrease by 10% to about 170,000 tons compared to last year, the lowest level in the last 5 years.
By the end of April 2024, Vietnam had exported 83,067 tons of pepper of all kinds, of which black pepper reached 73,555 tons and white pepper reached 9,512 tons.
Total export turnover reached 352.0 million USD, black pepper reached 298.0 million USD, white pepper reached 54.0 million USD. Compared to the same period last year, export volume decreased by 19.4%, but turnover increased by 10.3%.
The average export price of black pepper in 4 months reached 4,065 USD/ton, white pepper reached 5,678 USD/ton, up 19.4% for black pepper and 14.5% for white pepper respectively over the same period last year.
At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 4,906 USD/ton, an increase of 0.39%; Brazilian black pepper price ASTA 570 is at 5,000 USD/ton; Kuching (Malaysia) ASTA black pepper price remained at 4,900 USD/ton.
Muntok white pepper price was 6,451 USD/ton, up 0.37%; Malaysian ASTA white pepper price is still at 7,300 USD/ton.
Vietnam black pepper price is trading at 4,900 USD/ton with 500 g/l type, 550 g/l type at 5,200 USD/ton; White pepper price is at 7,100 USD/ton.
According to KTĐT.vn
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