Pepper market June 14, 2024: Prices decreased again
Pepper price today June 14 is in the range of 156,000 - 158,000 VND/kg, down slightly compared to yesterday. The International Pepper Community slightly reduced Brazilian pepper, while it increased again in Indonesia.
An agricultural product business in Dak Nong said that at the beginning of the harvest season, many companies predicted that pepper prices this year would decrease. However, the reality was opposite to expectations, pepper prices increased even higher, so companies had to step up purchasing.
According to assessment, the market increased mainly due to reduced supply both domestically and internationally. Many years ago, low pepper prices led to little investment and care by farmers, so total output also decreased. There are also other influencing factors such as drought and diseases on pepper.
Mr. Le Anh Son - Director of Binh Minh Cooperative in Ea Po commune (Cu Jut district, Dak Nong province) said that with the current high lake price, farmers are the ones who benefit the most. Many farmers in Dak Nong are expecting pepper prices to reach about 200,000 VND/kg like in the "golden age" about 5-7 years ago.
At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 6,452 USD/ton, an increase of 0.06%; Brazilian black pepper price ASTA 570 was at 8,200 USD/ton, down 3.66%; Kuching (Malaysia) ASTA black pepper price remained at 4,900 USD/ton.
Muntok white pepper price was 8,422 USD/ton, up 0.07%; Malaysian ASTA white pepper price is still at 7,300 USD/ton.
Vietnam black pepper price is trading at 7,600 USD/ton for 500 g/l type; type 550 g/l at 8,000 USD/ton; White pepper price is at 11,300 USD/ton. The International Pepper Community slightly reduced Brazilian pepper, while it increased again in Indonesia.
According to KTĐT
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