Pepper market on July 19, 2024: Domestically moving sideways
Jul
Pepper prices today, July 19, 2024, all stood still. Currently, domestic pepper prices are trading around 147,000 - 148,000 VND/kg.
World pepper prices today July 19
Around the world, the pepper market on July 19 turned down in Indonesia.
Accordingly, the price of Lampung black pepper in Indonesia decreased by 0.19%; about 7,209 USD/ton. The price of Muntok white pepper in this country also decreased slightly by 0.19%; at 9,179 USD/ton.
Malaysia's Kuching ASTA black pepper price is anchored at 7,500 USD/ton; This country's ASTA white pepper costs 8,800 USD/ton.
For the Brazilian market, the price of ASTA 570 black pepper remains at 7,125 USD/ton.
In Vietnam, the export price of 500 g/l black pepper is trading at 6,000 USD/ton; and the 550 g/l type is at 6,600 USD/ton. The export price of white pepper remains at 8,800 USD/ton.
| Pepper type | Price (Unit: USD/ton) | Change |
| Lampung black pepper (Indonesia) | 7,209 | -0.19% |
| Muntok white pepper | 9,179 | -0.19% |
| Brazilian black pepper ASTA 570 | 7.125 | – |
| Kuching black pepper (Malaysia) ASTA | 7,500 | – |
| ASTA Malaysian white pepper | 8,800 | – |
| Black pepper type 500 g/l Vietnam | 6,000 | – |
| Black pepper type 550 g/l Vietnam | 6,600 | – |
| Vietnamese white pepper | 8,800 | – |
World pepper prices today decreased slightly in Indonesia but remained stable in other countries.
Thus, world pepper prices on July 19, 2024 decreased slightly in Indonesia compared to yesterday.
Pepper prices today July 19 in the country
Domestically, the pepper market on July 19 had no new fluctuations compared to yesterday.
Specifically, Dak Lak still purchases pepper at the price of 148,000 VND/kg;
Dak Nong pepper price today continues to be at 148,000 VND/kg;
Gia Lai pepper price today is anchored at 147,000 VND/kg;
Dong Nai traders trade pepper for 147,000 VND/kg;
Ba Ria - Vung Tau pepper price today remains at 148,000 VND/kg;
Binh Phuoc traders are still trading pepper at 148,000 VND/kg.
| Province | Price | Up and down |
| Dak Lak | 148,000 | – |
| Dak Nong | 148,000 | – |
| Gia Lai | 147,000 | – |
| Dong Nai | 147,000 | – |
| BA Ria Vung Tau | 148,000 | – |
| Binh Phuoc | 148,000 | – |
Latest domestic pepper price list dated July 19, 2024. Unit: VND/kg
Domestic pepper prices today simultaneously moved sideways with the highest threshold being 149,000 VND/kg.
Vietnam's pepper exports witnessed impressive growth in turnover in the first half of this year. According to VSPA, by the end of June 2024, Vietnam had exported nearly 143 thousand tons of pepper of all kinds, of which black pepper reached 126 thousand tons and white pepper reached nearly 17 thousand tons.
Compared to the same period last year, the amount of pepper exported in the past 6 months decreased by 6.8%, however, thanks to high export prices, export turnover increased by 30.5% and reached 634 million USD (black pepper reached 540 million USD, white pepper reached 94 million USD).
In the first 6 months of the year, the average price of exported black pepper reached 4,365 USD/ton, white pepper reached 5,983 USD/ton, an increase of 922 USD/ton for black pepper and 1,028 USD/ton for white pepper respectively compared to May 6, 2023.
Currently, pepper prices are in a "shaking" state, sometimes up, sometimes down, but in general the trend will continue to increase. Mr. Binh said, the main reason is that the supply of pepper in Vietnam is currently exhausted because the output of the 2023 - 2024 crop has decreased significantly compared to the previous crop.
According to Mr. Hoang Phuoc Binh - Vice Chairman of Chu Se Pepper Association (Gia Lai), not only this year, pepper prices will continue to be high for many years to come, because each price increase cycle usually lasts for a long time. about 10 years.
First of all, although pepper prices are high, the ability to recover pepper area and output is not great. Because current pepper farmers have absorbed the lessons from the previous price increase cycle.
Thus, the domestic pepper price on July 19, 2024 is trading around 147,000 - 149,000 VND/kg.
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