Domestic pepper prices: Year of price increase
As of 11:30 today (October 3), domestic pepper prices are trading in the range of 139,000 - 140,000 VND/kg, an increase of 1,500 - 3,000 VND/kg compared to last week.
Dak Nong province increased by 2,000 VND/kg compared to the closing price of last week and is currently being purchased at the highest level of 140,000 VND/kg.
In the Southeast region, pepper prices are currently popular at 139,000 VND/kg in Ho Chi Minh City and Dong Nai with an increase of 2,000 VND/kg last week.
Dak Lak buys pepper at a price of 139,500 VND/kg, an increase of 1,500 VND/kg compared to last week.
Notably, Gia Lai recorded the strongest increase, up to 3,000 VND/kg, anchored at 139,000 VND/kg.
World pepper prices: Decreased in many areas
According to data from the International Pepper Company (IPC), pepper prices in regions around the world generally move in a downward trend.
Vietnam's export pepper prices decreased by 300 USD/ton, currently ranging from 6,140 - 6,270 USD/ton for black pepper of 500 g/l and 550 g/l. Vietnam's export price of white pepper also decreased by 300 USD/ton, reaching 8,850 USD/ton.
At the end of the week, the price of Indonesian black pepper was listed at 7,036 USD/ton, down 73 USD/ton compared to last week. In the same direction, the price of Indonesian white pepper decreased by 102 USD/ton compared to last week, down to 9,873 USD/ton.
Meanwhile, the price of Brazilian ASTA 570 black pepper increased by 100 USD/ton, to 6,000 USD/ton.
In particular, ASTA Malaysia black pepper remains stable at 8,900 USD/ton, unchanged from last week. Similarly, Malaysia ASTA white pepper remained unchanged at 11,750 USD/ton.
*Note: Domestic pepper prices are for reference only, and may vary depending on the area and the purchasing enterprise.
