DAILY: Vietnamese pepper prices remained unchanged on November 25, 2024
Monday, November 25,2024AsemconnectVietnam - On Monday, domestic pepper prices in Vietnam's Central Highlands remained unchanged at 139,000– 140,000VND per kg compared to Yesterday, according to Kinhtedothi.
The preliminary statistics figures of the Vietnam Pepper and Spices Association showed that in October of 2024, Vietnam exported 18,493 tonnes of pepper of all kinds with a total export turnover of 120.2 million USD.The average export price of black pepper in October of 2024 reached 6,284 USD/tonne, down by 28 USD, and white pepper reached 8,029 USD/tonne, up by 191 USD.
The United States remained the largest export market in October, accounting for 27.7%, reaching 5,128 tonnes, down by 8.5% compared to September. It was followed by the markets: Hong Kong with 1,784 tonnes, the UAE with 1,382 tonnes, the Netherlands with 1,000 tonnes and Germany with 960 tonnes.
In the first 10 months of 2024, Vietnam exported 219,387 tonnes of pepper of all kinds, of which black pepper reached 193,892 tonnes and white pepper reached 25,495 tonnes. The total export turnover reached more than 1.1 billion USD, of which black pepper reached 881.6 million USD and white pepper reached 162.6 million USD. Compared to the same period last year, the export volume decreased by 1.9% (black pepper decreased by 3.3%, white pepper increased by 10.8%), but the export turnover increased by 48.0%.
The average export price of black pepper in 10 months reached 4,971 USD/tonne, an increase of 1,528 USD and white pepper reached 6,626 USD/tonne, an increase of 1,671 USD compared to the same period of 2023. In the first 10 months of 2024, the United States was the largest export market for Vietnamese pepper, accounting for 28.5%, reaching 62,553 tonnes, an increase of 46.8% over the same period last year. The next were the UAE with 14,540 tonnes, accounting for 6.6%, an increase of 45.0%; Germany with 13,737 tonnes, accounting for 6.3%, an increase of 77.2%; India with 9,428 tonnes, accounting for 4.3%, a decrease of 10.5% and the Netherlands with 9,295 tonnes, accounting for 4.2%, an increase of 41.2% over the same period last year.
China was Vietnam's 6th largest export market, reaching 9,252 tonnes, but compared to the same period, the export volume decreased by 84%.
Following are domestic pepper prices on November 25, in the main pepper growing and consumption regions:
T.Huong
Source: Vitic
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