Pepper market on August 22, 2024: Increased by 2,000 VND
Aug
Pepper prices today, August 22, 2024, increased for the third consecutive day. Currently, the domestic pepper price has increased by 3,000 VND, trading at 142,000 - 144,000 VND/kg.
World pepper prices today August 22
In the world, the pepper market on August 22 tended to increase again.
Accordingly, the price of Lampung black pepper in Indonesia increased by 0.16%, to 7,537 USD/ton. The price of Muntok white pepper in this country increased by 0.15%; at 8,874 USD/ton.
Malaysia's Kuching ASTA black pepper price remained at 8,500 USD/ton; This country's ASTA white pepper costs 10,400 USD/ton.
For the Brazilian market, the price of ASTA 570 black pepper increased by 1.98%; trading up to 6,300 USD/ton.
In Vietnam, the export price of 500 g/l black pepper is trading at 5,800 USD/ton; and the 550 g/l type is at 6,200 USD/ton. The export price of white pepper remains at 8,500 USD/ton.
| Pepper type | Price (Unit: USD/ton) | Change |
| Lampung black pepper (Indonesia) | 7,537 | 0.16% |
| Muntok white pepper | 8,874 | 0.15% |
| Brazilian black pepper ASTA 570 | 6,300 | 1.98% |
| Kuching black pepper (Malaysia) ASTA | 8,500 | – |
| ASTA Malaysian white pepper | 10,400 | – |
| Black pepper type 500 g/l Vietnam | 5,800 | – |
| Black pepper type 550 g/l Vietnam | 6,200 | – |
| Vietnamese white pepper | 8,500 | – |
World pepper prices today increased in Indonesia and Brazil, while other markets remained stable.
Thus, world pepper prices on August 22, 2024 increased slightly compared to yesterday.
Pepper prices today August 22 in the country
Domestically, the pepper market on August 22 continued to increase sharply compared to yesterday.
Specifically, Dak Lak increased sharply by 3,000 VND, purchasing pepper to 144,000 VND/kg;
With the above increase, Dak Nong pepper price today reached 144,000 VND/kg;
Gia Lai pepper price today increased by 2,000 VND, trading to 142,000 VND/kg;
Dong Nai traders also bought pepper at a price of 142,000 VND/kg, an increase of 1,000 VND;
Ba Ria - Vung Tau pepper price today increased by 2,000 VND, reaching 143,000 VND/kg;
Similarly, Binh Phuoc's pepper trading price increased to 142,000 VND/kg.
| Province | Price | Increase/Decrease |
| Dak Lak | 144,000 | 3,000 |
| Dak Nong | 144,000 | 3,000 |
| Gia Lai | 142,000 | 2,000 |
| Dong Nai | 142,000 | 1,000 |
| Ba Ria – Vung Tau | 143,000 | 2,000 |
| Binh Phuoc | 142,000 | 2,000 |
Latest domestic pepper price list dated August 22, 2024. Unit: VND/kg
Domestic pepper prices today continue to increase by 1,000 - 3,000 VND. With a 3-day increase in a row, the price of this agricultural product has reached 144,000 VND/kg.
According to data from the General Department of Vietnam Customs, Vietnam's pepper exports by the end of May 2024 reached 109,330 tons with a value of 469 million USD, down 16.8% in volume but increased by 15. 4% in value compared to the same period in 2023.
Meanwhile, China's return to purchasing goods also has a strong impact on pepper prices. Specifically, in May 2024, the amount of pepper exported to the Chinese market reached 3,137 tons; increased 4.8 times compared to the previous month and is the highest level achieved in the past 11 months.
Although prices have increased, businesses still have difficulty purchasing raw materials because pepper growers expect prices to continue to increase. Farmers in the Central Highlands and Southeast provinces have high income from durian and coffee, so they have enough financial capacity to store pepper. Many are even willing to store it for up to 2-3 years, not in a hurry to sell it.
Thus, the domestic pepper price on August 22, 2024 is trading around 142,000 - 144,000 VND/kg.
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