Pepper market on May 2, 2024: Price nearly reached 100,000 VND/kg
May
Pepper prices today, May 2, 2024, are still trading around 98,500 - 99,500 VND/kg.
World pepper price today May 2
In the world, the pepper market on May 2 had no new fluctuations in all countries.
Accordingly, the price of Lampung black pepper in Indonesia is anchored at 4,703 USD/ton. The price of Muntok white pepper in this country remains at 6,232 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 anchored at 4,700 USD/ton.
In Vietnam, export prices of black pepper grades 500 and 550 g/l remained at 4,200 and 4,300 USD/ton, respectively. The export price of white pepper is anchored at 6,000 USD/ton.
| Pepper type | Price | Change |
| Lampung black pepper (Indonesia) | 4,703 | – |
| Brazilian black pepper ASTA 570 | 4,700 | – |
| Kuching black pepper (Malaysia) ASTA | 4,900 | – |
| Muntok white pepper | 6,232 | – |
| ASTA Malaysian white pepper | 7,300 | – |
| Black pepper type 500 g/l Vietnam | 4,200 | – |
| Black pepper type 550 g/l Vietnam | 4,300 | – |
| Vietnamese white pepper | 6,000 | – |
Latest world pepper price list on May 2, 2024. Unit USD/ton
Thus, world pepper prices on May 2, 2024 remained unchanged compared to yesterday.
Pepper price today is 2/5 in the country
Domestically, the pepper market on May 2 remained stable compared to yesterday.
Specifically, Dak Lak increased 500 VND, purchasing pepper to 99,500 VND/kg;
In Dak Nong, pepper price today remained unchanged at 98,500 VND/kg.
Gia Lai pepper price today continues to be anchored at 98,500 VND/kg;
Dong Nai traders still buy at the price of 98,500 VND/kg;
The latest pepper price in Ba Ria - Vung Tau increased slightly to 99,000 VND/kg;
Binh Phuoc traders are still trading pepper at 99,500 VND/kg.
| Province | Price | Up and down |
| Dak Lak | 99,500 | – |
| Dak Nong | 98,500 | – |
| Gia Lai | 98,500 | – |
| Dong Nai | 98,500 | – |
| BA Ria Vung Tau | 99,000 | – |
| Binh Phuoc | 99,500 | – |
Latest domestic pepper price list dated May 2, 2024. Unit: VND/kg
Domestic pepper prices today have no new fluctuations with the highest threshold reaching 98,500 VND/kg. Summarizing April 2024, pepper exports continued to increase and were at the highest level in the past 11 months.
Thereby, bringing this agricultural product to 27,000 tons, with a turnover of more than 117 million USD, an increase of 4.2% in volume and an increase of 5.1% in turnover compared to the previous month; increase 2.2% in volume and 40.4% in turnover compared to the same period in 2023.
Accumulated in the first 4 months of 2024, pepper exports reached 83,783 tons, with a turnover of more than 353 million USD, down 18.3% in volume, but up 11.5% in turnover compared to the same period in 2023.
Since then, the average export price of pepper in April 2024 increased for the 4th consecutive month, reaching 4,342 USD/ton, up 0.8% over the previous month and up 37.4% over the same period in 2023. Calculated In the first 4 months of 2024, the average export price of pepper reached 4,214 USD/ton, an increase of 36.4% over the same period in 2023.
This time last year, a sudden increase in demand from the Chinese market after Covid-19 helped the amount of pepper exports increase sharply. But by the end of 2023, low prices caused the billion-dollar export target to be missed. This year, although only 1/3 of the time of 2024 has passed, the turnover has reached over 350 million USD.
It is forecasted that in the coming time, pepper prices will continue to increase, which will help this agricultural industry reach the 1 billion USD export mark this year. Although China has sharply reduced purchases, thanks to low supply and diverse export markets, Vietnamese pepper is more likely to achieve the set target.
Thus, the domestic pepper price on May 2, 2024 is trading around 98,500 - 99,500 VND/kg.
According to Nongnghiep.vn
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