DAILY: Vietnamese pepper prices increased on January 24, 2024
Friday, January 24,2025
AsemconnectVietnam - According to Kinhtedothi, pepper prices in Vietnam range between 146,500 and 148,000 VND per kilogram on January 24, 2024, marking the third consecutive day of price increases. Prices rose by 500 VND/kg in most regions, except for Binh Phuoc. Global pepper prices are also on the rise.
Prices by region:
- In Dak Lak: 148,000 VND/kg (up 500 VND/kg)
- In Dak Nong: 148,000 VND/kg (up 500 VND/kg)
- In Gia Lai: 147,500 VND/kg (up 500 VND/kg)
- In Dong Nai: 146,500 VND/kg (up 500 VND/kg)
- In Ba Ria - Vung Tau: 147,000 VND/kg (up 500 VND/kg)
- In Binh Phuoc: 147,000 VND/kg (no change)
International pepper prices have also increased, with black pepper from Lampung (Indonesia) listed at 7,157 USD/ton (up 0.31%), black pepper from Brazil (ASTA 570) at 6,100 USD/ton, and white pepper from Muntok at 9,456 USD/ton.
Vietnamese black pepper is trading at 6,350 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l, while white pepper is priced at 9,550 USD/ton. The International Pepper Community (IPC) has raised prices in Indonesia, while prices remain stable in other countries.
Global pepper production in 2024 has decreased by about 4% compared to 2023, mainly due to lower output from Brazil and Vietnam, bringing total global production to 558,000 tons. The average FOB price of black pepper in major producing countries has increased by 45% in 2024, while white pepper has seen a more modest increase of about 34%.
T.Huong
Source: Vitic
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