Pepper Market September 10, 2024: Price increased slightly compared to yesterday
Pepper prices today, September 10, ranged from 154,000 to 155,000 VND/kg. IPC adjusted pepper prices in Indonesia in opposite directions while keeping them stable in other countries at the beginning of the week. Vietnam's domestic and export pepper prices both increased in the first week of September 2024.
At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 7,542 USD/ton, down 0.48%; the price of Brazilian black pepper ASTA 570 at 7,500 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,800 USD/ton.
Muntok white pepper price is 9,097 USD/ton, up 1.91%; Malaysian ASTA white pepper price is at 10,900 USD/ton.
Vietnam black pepper prices are trading at 6,600 USD/ton for 500 g/l; 7,000 USD/ton for 550 g/l; and 9,300 USD/ton for white pepper. IPC adjusted pepper prices in Indonesia in opposite directions while keeping them stable in other countries at the beginning of the week.
The International Pepper Community commented that the market in the first week of September continued to show mixed reactions.
Specifically, in the South Asian region, domestic and export pepper prices in India have been stable since last week. Meanwhile, domestic pepper prices in Sri Lanka have increased over the past week.
In Southeast Asia, after two weeks of increases, domestic and international pepper prices in Indonesia stabilized last week, amid more inventory in the market after some major producing regions completed their harvest.
Malaysian domestic pepper prices continued to decline over the past two weeks. After remaining stable for four consecutive weeks, the country’s export prices recorded an increase last week.
Brazilian black pepper prices continued to increase over the past three weeks. Meanwhile, Cambodian black pepper and Chinese white pepper prices remained stable and unchanged. Meanwhile, domestic and export pepper prices in Vietnam both increased in the first week of September 2024.
Previously, the Vietnam Pepper and Spice Association said that the average export price of black pepper in the past 8 months reached 4,712 USD/ton, white pepper reached 6,326 USD/ton, up 1,270 USD for black pepper and 1,371 USD for white pepper compared to the same period last year. By the end of August, Vietnam had exported 183,756 tons of pepper of all kinds, far exceeding the output of this year's harvest.
Posts
No comments:
Post a Comment