Pepper Market August 31, 2024: Average price increase of 1,000 VND
Pepper prices today, August 31, are around 145,000 - 146,000 VND/kg. The market at the end of August continued to have mixed reactions. Indian pepper prices, both domestic and international, were stable this week. When the Indonesian Rupiah strengthened against the USD, the country's pepper prices increased this week.
At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 7,529 USD/ton, down 0.41%; the price of Brazilian black pepper ASTA 570 at 6,450 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,500 USD/ton.
Muntok white pepper price is 8,8651 USD/ton, down 0.41%; Malaysian ASTA white pepper price is at 10,400 USD/ton.
Vietnam black pepper price is traded at 6,100 USD/ton for 500 g/l; 550 g/l at 6,500 USD/ton; white pepper price at 8,800 USD/ton. IPC reduces Indonesian pepper price after 1 day of increase.
The International Pepper Community commented that the pepper market at the end of August continued to have mixed reactions. Domestic and international Indian pepper prices were stable this week. When the Indonesian Rupiah strengthened against the USD, the country's pepper prices increased this week.
The pepper harvest in Vietnam will last from January to the end of April in key growing areas, with output slightly increasing compared to 2023.
There is currently a lot of conflicting information. Some gardeners say that their pepper gardens have not produced any fruit this new pepper season. However, some gardeners say they expect a bumper crop. This is due to weather factors.
According to experts, even if the next pepper crop is slightly better than the last one, it will not be able to make up for the pepper acreage lost in the past and is still being lost. Therefore, it is forecasted that the supply will continue to be in short supply in the future.
According to KTĐT.vn
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