Pepper price today October 26, 2024: Simultaneously reversed and decreased from 200

Pepper price today, October 26, 2024, in the Southeast region decreased by 200 - 1,200 VND/kg compared to yesterday, trading around 144,500 - 146,500 VND/kg, the highest purchase price in Dak Nong province is 146,500 VND/kg.

Accordingly, Dak Lak pepper price was purchased at 146,500 VND/kg, down 200 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 144,500 VND/kg, down 1,200 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at the highest level of 146,500 VND/kg, down 500 VND/kg compared to yesterday.

In the Southeast region, pepper prices today also fluctuated compared to yesterday. Specifically, in Binh Phuoc, pepper prices today are at 145,000 VND/kg, down 500 VND/kg compared to yesterday. In Ba Ria - Vung Tau, the price is currently at 146,000 VND/kg, stable compared to yesterday.

Pepper price today October 26, 2024: Simultaneously reversed and decreased from 200 - 1,200 VND/kg, Gia Lai dropped to 144,500 VND/kg

Thus, domestic pepper prices today in key regions decreased compared to yesterday, recording the highest price at 146,500 VND, fluctuating in the price range of 144,500 - 146,500 VND/kg.

World pepper prices today

Update on world pepper prices from the International Pepper Association (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 6,724 USD/ton, down 0.22% compared to yesterday, the price of Muntok white pepper at 9,205 USD/ton, up 0.23% compared to yesterday.

The price of Brazilian ASTA 570 black pepper is at 6,400 USD/ton. The price of Malaysian ASTA black pepper is at 8,500 USD/ton; the price of this country's ASTA white pepper is at 11,000 USD/ton.

Of which, the price of Vietnamese black pepper is traded at 6,500 USD/ton for 500 g/l; 550 g/l at 6,800 USD/ton; the price of white pepper is at 9,500 USD/ton.

Vietnam's pepper exports in the fourth quarter of 2024 will depend on the release of multi-year carryover stocks held by major investors and additional import volumes, according to a recent report by Nedspice.

Nedspice said the global inventory-to-demand ratio is falling, pushing prices up and encouraging farmers to invest in maintaining and expanding their pepper farms.

According to the International Trade Center (ITC), by the end of the third quarter, the pepper export volume of Vietnam and Brazil, the two leading producing countries in the world, recorded a decrease compared to the same period last year. In return, the pepper export volume of Indonesia and India increased sharply.

According to data from the International Pepper Community (IPC), black pepper prices fluctuated in the third quarter, with increases in Vietnam and Malaysia, but decreases in Indonesia and Brazil. Specifically, Malaysian black pepper prices increased by 18.7% in the last quarter, reaching $8,900/ton.

Similarly, the prices of 500g/l and 550g/l black pepper in Vietnam increased by 19.3-22.4%, reaching 6,800 USD/ton and 7,100 USD/ton respectively. In contrast, the price of black pepper in Brazil decreased by 7.5% to 6,750 USD/ton. The price of pepper in Indonesia also decreased by 2.2% to 6,939 USD/ton. In the first 20 days of October, the price decline in Indonesia and Brazil continued to spread to other producers.

Meanwhile, black pepper prices in Brazil continued to decrease by 5.2% compared to the end of September, down to only 6,400 USD/ton. In addition, black pepper prices in Indonesia also decreased by 2.1%, to 6,794 USD/ton. Meanwhile, in Malaysia, black pepper prices decreased by 2.2% to 8,700 USD/ton. The prices of 500 g/l and 550 g/l black pepper in Vietnam also decreased by 4.2 - 4.4%, reaching 6,500 USD/ton and 6,800 USD/ton, respectively.

Domestic pepper price on October 26, 2024