Domestic pepper price: increased, reaching the threshold of 160,000 VND/kg
As of 11:30 am today (11.2), the domestic price increased higher than the previous trading session, an average increase of VND 3,700/kg per session, the current purchasing price ranges from 161,000 - 164,000 VND/kg. The average buying price of the whole country today is 162,400 VND/kg.
Ba Ria - Vung Tau is currently the province with the lowest coffee purchase price in the country, the difference with the average price is about 1,400 VND/kg. Compared to the previous session, the price of coffee in this area continued to push the price up to 3,000 VND/kg, bringing to the market for 161,000 VND/kg.
Purchasing higher than Ba Ria - Vung Tau, the price of pepper in Binh Phuoc and Gia Lai provinces today has increased the most around 4,000-4,500 VND/kg, listed at the threshold of 162,000 VND/kg.
Dak Nong province purchased pepper for 163,000 VND/kg, an increase of 3,000 VND/kg compared to yesterday (October 10).
Dak Lak is the province with the highest pepper purchasing price in the country, currently the garden owners in this area sell to the market for 164,000 VND/kg, an increase of 4,000 VND/kg.
World pepper price: mixed fluctuations
In the opposite direction, according to the international pepper community, on exchanges, the world pepper does not record great fluctuations.
Accordingly, the price of black and white pepper on the Indonesian market is in the opposite direction. While the price of black pepper decreased slightly by 0.15%, standing at 7,265 USD/ton (equivalent to 185,984 VND/kg), the white pepper market covered with blue with an increase of nearly 3%, listed at price 10,028 USD/ton (equivalent to 256,717 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper trades at $ 6,700/ton (up 2.99%).
In Malaysia market, the price of black and white pepper Asta is constant, anchoring at the threshold of 9,000 USD/ton and 11,600 USD/ton.
In Vietnam, the price of black pepper exports simultaneously standing still, type 500 g/l trading at 6,500 USD/ton (equivalent to 166,400 VND/kg); Type 550 g/l has a level of 6,650 USD/ton (equivalent to 170,240 VND/kg). Similarly, the price of white pepper export is at 9,550 USD/ton (equivalent to 244,480 VND/kg).
In the Indian market, the price of pepper is "motionless" in almost all types of pepper. Garbled pepper costs 67,500 rupees/quintal (corresponding to 203,304 VND/kg), the listed type of Ungarbled for 65,500 rupees/quintal, while the lowest price is 64,500 rupees/quintal (converted with it. Price 194,268 VND/kg).
Judgment and forecast
According to data from the Indian Ministry of Commerce, in 11 months of 2024, India's pepper exports reached 18,196 tons, an increase of 30% compared to 2023. However, in the same period, the country also imported 43,87999 Tons of all kinds, an increase of 37.8%.
The main supply from Sri Lanka and Vietnam, with the corresponding volume of 21,894 tons and 9,911 tons, increased by 2.5% and 75.4% respectively over the same period last year. Although India's black pepper plays an important role in global trade, there has been a decline in exports for decades.
According to the General Department of Customs, in the first half of January of 2025, Vietnam exported 7,313 tons of pepper with a total turnover of 48.3 million USD, down 3% in quantity but an increase of 61.86% With the same period in 2024.
In 2025, global pepper output is expected to continue to decrease while stable consumption demand is the driving force for the export of Vietnamese pepper this year.
