Continuing to increase, highest at 155,000 VND/kg
In the world market
At the end of the most recent trading session, the International Pepper Community (IPC) listed Vietnam's black pepper export price at 6,240 - 6,370 USD/ton for 500 g/l and 550 g/l, unchanged from the previous day.
Similarly, the price of Brazilian black pepper ASTA 570 remained stable at USD 6,400/ton and Malaysian black pepper ASTA reached USD 9,700/ton. Meanwhile, in Indonesia, Lampung black pepper was offered at USD 7,216/ton.
|
Type name |
World black pepper price list |
|
|
September 3 (Unit: USD/ton) |
% change from previous day |
|
|
Lampung Black Pepper (Indonesia) |
7,216 |
– |
|
Brazilian Black Pepper ASTA 570 |
6,400 |
– |
|
Kuching Black Pepper (Malaysia) ASTA |
9,700 |
– |
|
Vietnamese black pepper (500 g/l) |
6,240 |
– |
|
Vietnamese black pepper (500 g/l) |
6,370 |
– |
At the same time of survey, the price of Indonesian Muntok white pepper remained unchanged at 10,028 USD/ton. Meanwhile, Vietnam's exported white pepper reached 9,150 USD/ton, and Malaysian ASTA white pepper reached 12,900 USD/ton.
|
Type name |
World white pepper price list |
|
|
September 3 (Unit: USD/ton) |
% change from previous day |
|
|
Muntok Indonesian White Pepper |
10,028 |
+1.0 |
|
ASTA Malaysian White Pepper |
12,900 |
+9.8 |
|
Vietnam white pepper |
9,150 |
+3.4 |
Update pepper information
According to The Hindu Businessline , following a sharp rise in pepper prices, Indian farmers' interest in the crop has increased over the past 3–4 years.
Venkataiah, a veteran coffee farmer in Chinabarada village, said he had just seen his next-door neighbour earn Rs 30,000 by selling a single bag of pepper. “They earn so much from just one bag of pepper? This has created a huge attraction not only for me but also for other farmers,” he said.
“If there are three takers, they can earn up to Rs 100,000, after deducting expenses, there is still about Rs 50,000 left,” he shared.
Pepper, intercropped with coffee, is becoming an important source of income for Adivasi farmers in the Eastern Ghats. While intercropping with coffee is common in many other regions, Adivasi farmers are only now realizing the importance of the spice as an income-generating crop.
Their interest in the crop has increased in the last 3–4 years, thanks to the high pepper prices. Currently, pepper is priced at around Rs 650/kg, compared to just Rs 450/kg for coffee.
Earlier, farmers were not very keen on pepper, but in the last 2–3 years, as prices have increased from Rs 400/kg in 2023 to Rs 650/kg now, their profits have improved significantly.
According to farmers, pepper has changed their financial outlook, as each acre can yield around 150–200 kg, providing a stable source of income.
Mr. P. Kannababu, 51, of Pedabarada village, 110 km from Visakhapatnam, intercropped pepper from the very beginning on a new one-acre coffee plantation.
Similarly, Mr. Satyanarayana D, another Adivasi farmer from the same village, is managing five acres of coffee and pepper, earning an average annual income of around Rs 200,000/acre from coffee and an additional Rs 60,000/acre from pepper.
Kalpana Kumari, Managing Director of the Girijan Corporation of Andhra Pradesh (GCC), said pepper would be the second crop after coffee to be certified organic. “Since pepper is grown in certified organic coffee plantations, certification for pepper will also be easier,” she said. The move is expected to help farmers fetch higher prices.
However, GCC does not purchase pepper because the market has a huge demand for this agricultural product.
Tata Consumer Products Limited, which has agreed to buy 10 tonnes of Araku organic coffee from GCC, has also expressed interest in sourcing pepper and other products once they are certified organic, said Thanga Srinivasa Rao, Senior Manager, Coffee, GCC.
Of the 250,000 acres of coffee grown in the Agency region, about 6,000 are currently certified organic. GCC is planning to expand organic certification to all coffee acreage in the next few years.
According to VietnamBiz.vn
Posts
