Pepper market on August 27, 2024, highest 144,000 VND/kg
Aug
According to the survey, pepper prices today are flat on a large scale.
Specifically, traders in Dak Lak and Dak Nong continue to buy pepper at a price of 144,000 VND/kg.
Lower at 143,000 VND/kg was recorded in Gia Lai, Ba Ria - Vung Tau, Binh Phuoc and Dong Nai.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
144,000 |
– |
|
Gia Lai |
143,000 |
– |
|
Dak Nong |
144,000 |
– |
|
Ba Ria – Vung Tau |
143,000 |
– |
|
Binh Phuoc |
143,000 |
– |
|
Dong Nai |
143,000 |
– |
On the world world market
According to updates from the International Pepper Association (IPC) on August 26 (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 remains stable compared to August 25.
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
August 25 |
August 26 |
% change |
|
|
Lampung black pepper (Indonesia) |
7,490 |
7,490 |
0 |
|
Brazilian black pepper ASTA 570 |
6,300 |
6,300 |
0 |
|
Kuching black pepper (Malaysia) ASTA |
8,500 |
8,500 |
0 |
At the same time of the survey, the purchasing price of Muntok white pepper and the price of Malaysian ASTA white pepper had no new changes.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
August 25 |
August 26 |
% change |
|
|
Muntok white pepper |
8,818 |
8,818 |
0 |
|
ASTA Malaysian white pepper |
10,400 |
10,400 |
0 |
Businesses believe that if they put pepper on the trading floor, this item will be easily manipulated by financial funds because the output is still low compared to other products, such as coffee.
The Ministry of Industry and Trade is currently soliciting comments from businesses on the establishment of a Commodity Exchange and pepper will also be one of the traded items, said Ms. Hoang Thi Lien - Chairwoman of the Pepper and Pepper Association. Vietnam Spice Plant (VPSA) said.
This is not a new idea. Previously, the proposal to establish a pepper trading floor was also proposed by the Vietnam Pepper Association (predecessor of VPSA) 8 years ago (May 2016). The association believes that Vietnam's pepper has accounted for over 50% of the world's trade output for many years and the establishment of the trading floor will help the industry have more power to develop the market and dominate global pepper trade. bridge.
VPA added that pepper is an item that can be stored in warehouses for 2-3 years, so farmers know how to keep goods waiting for the right price to sell, something that has never happened with other agricultural products. However, this mentality makes the pepper market unstable. That is also one of the main reasons for VPA to develop the idea of establishing a pepper trading floor, according to Finance Magazine.
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