Pepper market on July 31, 2024, pepper prices stagnated for 4 consecutive sessions
Jul
Update pepper prices
In the domestic market
Latest records, today's pepper prices continue to move sideways nationwide.
Currently, traders in Dak Lak, Ba Ria - Vung Tau, Dong Nai and Dak Nong continue to buy pepper at the highest price of 150,000 VND/kg.
Lower at 149,000 VND/kg is the purchasing price in Gia Lai and Binh Phuoc provinces.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
150,000 |
– |
|
Gia Lai |
149,000 |
– |
|
Dak Nong |
150,000 |
– |
|
BA Ria Vung Tau |
150,000 |
– |
|
Binh Phuoc |
149,000 |
– |
|
Dong Nai |
150,000 |
– |
On the world world market
According to an update from the International Pepper Association (IPC) on July 30 (local time), the trading price of Lampung black pepper (Indonesia), the purchasing price of Brazilian black pepper ASTA 570 and the price of Kuching black pepper (Malaysia) ASTA remained stable compared to July 29.
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
July 29 |
July 30 |
% change |
|
|
Lampung black pepper (Indonesia) |
7.153 |
7,138 |
-0.21 |
|
Brazilian black pepper ASTA 570 |
6,950 |
6,950 |
0 |
|
Kuching black pepper (Malaysia) ASTA |
7,500 |
7,500 |
0 |
At the same time of the survey, the purchasing price of Muntok white pepper decreased by 0.21% and the price of Malaysian white pepper ASTA had no new changes.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
July 29 |
July 30 |
% change |
|
|
Muntok white pepper |
8,765 |
8,747 |
-0.21 |
|
ASTA Malaysian white pepper |
8,800 |
8,800 |
0 |
Brazil's pepper export price to Vietnam reached an average of 3,488 USD/ton, up 19% compared to the first half of last year, but the lowest among the top 15 countries importing pepper from Brazil. At the same time, it is significantly lower than Vietnam's average export price of 4,454 USD/ton to the international market during the same period.
Other leading pepper export markets of Brazil in the first half of 2024 include: India reaching 3,892 tons, an increase of 47.2%; Pakistan reached 3,703 tons, an increase of 63.3%...
In addition, the amount of pepper shipped to the US and EU increased sharply. Specifically, exports to the US increased nearly 8 times to 1,402 tons, to Germany increased 14.8%, to France increased 37.1%, to Italy increased 150%. However, some other markets such as Senegal, Morocco, Egypt, the Netherlands... witnessed a decline.
Brazil is currently the second largest pepper producer and exporter in the world after Vietnam, accounting for 17-18% of global supply. However, the country's pepper exports are facing the risk of a decline for the third consecutive year due to crop failure.
It is expected that Brazil will enter the next harvest in August in the Espirito Santos region and in November in the Para region. It is estimated that Brazil will collect about 60,000 more tons.
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