Pepper market on July 25, 2024

 

Pepper market on July 25, 2024: Average price 149,000-150,000 VND/kg

According to official data, Vietnam is no longer the largest supplier to China in the first half of this year

Posted onJuly 25, 2024by VPA

25
Jul

Pepper price today July 25 is in the range of 148,000 - 150,000 VND/kg. Pepper prices early this morning decreased by 1,000 VND/kg in Ba Ria - Vung Tau and Dak Lak. According to official data, Vietnam is no longer the largest supplier to China in the first half of this year.

Experts say that continuous heavy rains in the last days of July help ease concerns about affecting pepper output in the coming season. Thereby pushing the market down slightly.

According to data from China Customs, in June 2024, the country imported more than 2,000 tons of pepper, 2.5 times more than in May and up 40% over the same period last year.

Among pepper supplies to China from abroad, Indonesia accounts for more than half with 1,375 tons, more than twice the same period last year. This is the largest source of pepper for China through official channels in June and the first 6 months of the year.

The average price of imported pepper in the Chinese market in June was more than 4,400 USD/ton, up 22% over the same period last year but down 7.4% compared to May.

According to official data, Vietnam was the second largest pepper supplier to China (after Indonesia) in the first half of this year with 1,515 tons, down 7.6% over the same period last year. At the same time, Vietnam's market share in China accounted for 32.7%, down slightly from 36.5% in 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 7,191 USD/ton; Brazilian black pepper price ASTA 570 is at 7,125 USD/ton; Kuching (Malaysia) ASTA black pepper price is 7,500 USD/ton.

Muntok white pepper price 9,157 USD/ton; Malaysian ASTA white pepper price is at 8,800 USD/ton.

The price of Vietnamese black pepper is trading at 6,000 USD/ton for 500 g/l type; type 550 g/l at 6,600 USD/ton; White pepper price is at 8,800 USD/ton.

According to KTĐT.vn