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DAILY: Vietnamese pepper prices fell by 1000 VND on July 25, 2024 

 Thursday, July 25,2024

AsemconnectVietnam - On Thursday, domestic pepper prices in Vietnam's Central Highlands decreased by 1000 VND to 148,000-150,000 VND per kg compared to Yesterday, according to Kinhtedothi.

Experts say that continuous heavy rains in the last days of July help ease concerns about affecting pepper output in the coming season, which is the reason why pepper prices have decreased slightly.
According to data from China Customs, in June 2024, the country imported more than 2,000 Experts say that continuous heavy rains in the last days of July help ease concerns about affecting pepper output in the coming season, which is the reason why pepper prices have decreased slightly.
According to data from China Customs, in June 2024, the country imported more than 2,000 tons of pepper, 2.5 times more than in May and up 40% over the same period last year.
Among pepper supplies to China from abroad, Indonesia accounts for more than half with 1,375 tons, more than twice the same period last year. This is the largest source of pepper for China through official channels in June and the first 6 months of the year.
The average price of imported pepper in the Chinese market in June was more than 4,400 USD/ton, up 22% over the same period last year but down 7.4% compared to May.
According to official data, Vietnam was the second largest pepper supplier to China (after Indonesia) in the first half of this year with 1,515 tons, down 7.6% over the same period last year. At the same time, Vietnam's market share in China accounted for 32.7%, down slightly from 36.5% in the same period last year.
At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 7,191 USD/ton; Brazilian ASTA 570 black pepper price was at 7,125 USD/ton; Kuching (Malaysia) ASTA black pepper price was 7,500 USD/ton. Muntok white pepper price was 9,157 USD/tonne; Malaysian ASTA white pepper price was 8,800 USD/tonne. The price of Vietnamese black pepper is traded at 6,000 USD/tonne for 500 g/l type; type 550 g/l at 6,600 USD/tonne; White pepper price at 8,800 USD/tonne.of pepper, 2.5 times more than in May and up 40% over the same period last year. The Vietnam Pepper and Spice Association has just announced that in the first 15 days of July 2024, Vietnam exported 9,993 tonnes of pepper, valued at 56.5 million USD, which decreased sharply monthly.
The main export enterprises include Olam Vietnam: 1,272 tonnes, Phuc Sinh: 1,224 tonnes; Simexco Dak Lak: 839 tonnes, Nedspice Vietnam: 796 tonnes and Pearl: 649 tonnes.
Meanwhile, Vietnam imported 746 tonnes of pepper, valued at 4.5 million USD. Olam and KSS Vietnam are the two main importers, reaching 232 tonnes, accounting for 31.1%, and 75 tonnes, accounting for 10.1%, respectively. The main pepper importers are Indonesia: 438 tonnes, accounting for 58.7%, and Cambodia: 229 tonnes, accounting for 30.7%.
Following are domestic pepper prices on July 25, in the main pepper growing and consumption regions:

T.Huong
Source:
 Vitic

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