Pepper price today December 24, 2024: Domestic price decreased by 1,000 VND in Vietnam

Published 2024년 12월 24일

Tridge summary

On December 24, 2024, global pepper prices were mostly stable with a notable increase in Indonesia, where Lampung black pepper and Muntok white pepper prices surged by 1.48% and 0.44% respectively. In other countries like Malaysia, Brazil, and Vietnam, pepper prices remained stable. However, Vietnam's domestic pepper prices for key regions saw a decrease of 300 - 1,000 VND due to reduced global demand. Despite this, a forecast is made for a new cycle of pepper price increases in the next 3-5 years due to insufficient global output to meet consumer demand. Vietnam, being one of the world's leading pepper producers and exporters, has 35 factories that meet international standards and have a processing capacity of approximately 140 thousand tons/year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

World pepper prices today December 24 In the world, pepper prices on December 24 are increasing well in Indonesia. Accordingly, the price of Lampung black pepper in Indonesia increased sharply by 1.48%; to 6,840 USD/ton. The price of Muntok white pepper also increased by 0.44%; at 8,950 USD/ton. The price of Kuching ASTA black pepper in Malaysia is 8,400 USD/ton; while the price of ASTA white pepper in this country is 10,600 USD/ton. For the Brazilian market, the price of ASTA 570 black pepper is traded at 6,275 USD/ton. In Vietnam, the export price of 500 g/l black pepper is traded at 6,400 USD/ton; and the price of 550 g/l is 6,700 USD/ton. The export price of white pepper is currently at 9,600 USD/ton. Today's world pepper prices are mostly stable, with only pepper in Indonesia increasing quite strongly. Thus, the world pepper price on December 24, 2024 increased well in Indonesia compared to yesterday. Today's domestic pepper price on December 24 Domestic pepper prices on ...

Source: Agriculture