Pepper Market September 8, 2024: A Week of Unpredictable Fluctuations in Pepper Prices
Sep
Pepper prices on the weekend fluctuated at 152,000 - 153,000 VND/kg.
However, in general, pepper prices have increased by about 2,000 - 4,000 VND in the past week and have increased by 9,000 - 11,000 VND since the end of August.
Of which, Ba Ria - Vung Tau and Dong Nai are the two localities with the strongest price increase last week, both increasing by 4,000 VND, to 153,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong provinces are also being purchased at 153,000 VND/kg, an increase of 3,000 VND over the past week.
In Gia Lai and Binh Phuoc provinces, the price increased by VND2,000/kg and was traded at VND152,000/kg.
|
Province/district (survey area) |
Purchase price on September 8 (Unit: VND/kg) |
Change from previous day (Unit: VND/kg) |
Change compared to the beginning of the week (Unit: VND/kg) |
|
Dak Lak |
153,000 |
-1,000 |
+3,000 |
|
Gia Lai |
152,000 |
-1,000 |
+2,000 |
|
Dak Nong |
153,000 |
-1,000 |
+3,000 |
|
Ba Ria – Vung Tau |
153,000 |
-1,000 |
+4,000 |
|
Binh Phuoc |
152,000 |
-1,000 |
+2,000 |
|
Dong Nai |
153,000 |
-1,000 |
+4,000 |
Source: Hoang Hiep compiled from giatieu.com.
On the world market world
According to data from the International Pepper Community (IPC), black pepper trading prices in major producing countries did not fluctuate much in the most recent trading session.
Overall, over the past week, the price of Brazilian black pepper ASTA 570 recorded an increase of up to 16.3%, at 7,500 USD/ton.
Vietnam's 500 g/l and 550 g/l black pepper exports are being traded in the range of 6,600 - 7,000 USD/ton, up 7.7 - 8.2% compared to the beginning of the week.
Similarly, black pepper export prices from Indonesia and Malaysia also increased by 0.7% and 3.5% last week.
|
Type name |
World black pepper price list |
||
| September 8 (Unit: USD/ton) | % change from previous day | % change from the beginning of the week | |
| Lampung Black Pepper (Indonesia) |
7,578 |
0 |
0.7 |
| Brazilian Black Pepper ASTA 570 |
7,500 |
0 |
16.3 |
| Kuching Black Pepper (Malaysia) ASTA |
8,800 |
0 |
3.5 |
| Vietnamese black pepper (500 g/l) |
6,600 |
0 |
8.2 |
| Vietnamese black pepper (500 g/l) |
7,000 |
0 |
7.7 |
At the same time of survey, white pepper prices of Indonesia, Malaysia and Vietnam increased by 4.2%, 4.8% and 5.7% respectively last week.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
September 8 |
% change from previous day |
% change from the beginning of the week |
|
| Muntok White Pepper (Indonesia) |
8,855 |
0 |
4.2 |
| ASTA Malaysian White Pepper |
10,900 |
0 |
4.8 |
| Vietnam white pepper |
9,300 |
0 |
5.7 |
According to the Vietnam Pepper and Spice Association, in the first 8 months of the year, Vietnam exported 183,756 tons of pepper of all kinds, with a turnover of 881.2 million USD, down 2.1% in volume but up 43% in turnover compared to the same period last year.
Of which, black pepper reached 162,721 tons, turnover of 754.1 million USD; white pepper reached 21,035 tons, turnover of 127.1 million USD.
The average export price of black pepper in the first 8 months of the year reached 4,712 USD/ton, white pepper reached 6,326 USD/ton, an increase of 1,270 USD for black pepper and 1,371 USD for white pepper respectively compared to the same period last year.
Of which, the export volume to the US in 8 months reached 51,823 tons, an increase of 54.3% over the same period last year and nearly equal to the total export volume of the whole year 2023 (54,271 tons), accounting for 28.2% of the market share.
Next are the markets: Germany: 12,021 tons, up 96.3%; UAE: 11,744 tons, up 29.6%; India: 9,086 tons, up 10.2%; China: 8,388 tons, down 84.4%; Netherlands: 7,503 tons, up 35.9%...
Posts
