Pepper Market October 10, 2024

 

Pepper Market October 10, 2024: Price drops again

Posted onOctober 10, 2024by VPA

October 10

Pepper price today, October 10, is around 146,000 - 147,000 VND/kg, down slightly 500-1,000 VND compared to yesterday.

Pepper prices increased by 1,500 - 2,000 VND/kg in provinces with high prices such as Dak Lak - Dak Nong - Ba Ria, remaining stable in other localities compared to the same time yesterday. After 2 consecutive days of decline in the domestic market, pepper prices have recovered and widened the gap between localities.

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 6,706 USD/ton; the price of Brazilian black pepper ASTA 570 at 6,750 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,900 USD/ton.

Muntok white pepper price is 8,966 USD/ton; Malaysian ASTA white pepper price is at 11,400 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.

Vietnam Pepper and Spice Association informed that in September 2024, Vietnam imported 2,430 tons of pepper, of which black pepper reached 2,233 tons, white pepper reached 197 tons, total import turnover reached 13.6 million USD.

Compared to August, import volume increased by 63%. Olam, Phuc Sinh and Tran Chau are the three main importers. Indonesia is the largest pepper supplier to Vietnam, reaching 1,787 tons, up 460.2% compared to the previous month.

As of September 30, 2024, Vietnam imported 23,778 tons of pepper of all kinds, of which black pepper reached 20,890 tons and white pepper reached 2,888 tons, with a total import turnover of 102.0 million USD.

Compared to the same period in 2023, import volume increased by 15.8%. The main importing enterprises include: Olam Vietnam, Pearl Group, KSS Vietnam, Phuc Sinh and Lien Thanh, of which Olam holds the largest market share of 35.7%, reaching 8,498 tons, up 11.0%.

Brazil, Cambodia and Indonesia are the three main pepper suppliers to Vietnam, accounting for 90.3%, reaching 8,512 tons, 6,651 tons and 6,317 tons respectively, of which imports from Brazil decreased by 32%. Of which, imports from Cambodia increased by 95.4% and Indonesia increased by 134.2%.

According to KTĐT.vn