Pepper Market on September 20, 2024: Trading price at 151,000 VND/kg
Pepper price today September 20 is around 150,000 - 151,000 VND/kg.
At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 7,589 USD/ton; the price of Brazilian black pepper ASTA 570 at 7,000 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,800 USD/ton.
Muntok white pepper price is 9,154 USD/ton; Malaysian ASTA white pepper price is at 10,900 USD/ton.
Vietnam black pepper price is traded at 6,800 USD/ton for 500 g/l; 550 g/l at 7,100 USD/ton; white pepper price at 10,150 USD/ton.
According to the Vietnam Industry and Trade Information Center (VITIC), in Indonesia, some major production areas have completed harvesting. Producers have sold a large amount of products. Pepper prices in Indonesia are increasing rapidly by 200-300 USD/ton and most exporters are limiting their offers.
Since the beginning of 2024, Indonesia's pepper exports have increased sharply, in contrast to the decline of leading producing countries such as Brazil or Vietnam.
Data shows that by the end of July 2024, Indonesia's pepper exports reached 22,829 tons, worth more than 111 million USD, up sharply by 55.6% in volume and 59.6% in value over the same period last year. Indonesia's average pepper export price in the first 7 months of the year was 4,869 USD/ton, up 2.5% over the same period. This is a fairly modest price increase compared to other leading producing countries and the general level of the international market in recent times.
Currently (18-21/11/2024), the International Pepper Community is holding its 52nd Annual General Meeting, and the International Spice Exhibition (52nd IPC ASM ISE) in Sri Lanka.
Themed “Regenerative Pepper Cultivation: Beyond Sustainability”, the 52nd IPC ASM ISE aims to promote the rejuvenation and regeneration of pepper gardens in producing countries, thereby ensuring the path to prosperity of the global pepper industry. The 52nd Annual General Meeting of the International Pepper Community is expected to attract the largest gathering of the spice industry to Sri Lanka.
According to KTĐT.
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