Pepper price in Vietnam on June 12, 2024, rising sharply to 180,000 VND/kg

Published 2024년 6월 12일

Tridge summary

The global pepper market on June 12 experienced mixed prices with a slight decrease in Indonesia and a significant increase in Vietnam, largely due to reduced supply from El Nino and port bottlenecks in Southeast Asia. Long-term production is expected to fall short of demand, driving prices up. Domestically in Vietnam, pepper prices surged, impacting other agricultural products like coffee.

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

Original content

World pepper prices today June 12 Around the world, the pepper market on June 12 fluctuated in opposite directions. Accordingly, the price of Lampung black pepper in Indonesia decreased slightly by 0.03%; about 6,449 USD/ton. The price of Muntok white pepper in this country decreased by 0.04%; at 8,417 USD/ton. Malaysia's Kuching ASTA black pepper price remained stable at 4,900 USD/ton; This country's ASTA white pepper is still priced at 7,300 USD/ton. For the Brazilian market, the price of ASTA 570 black pepper is anchored at 8,500 USD/ton. In Vietnam, the export price of 500 g/l black pepper increased by 16.67%, trading to 7,800 USD/ton; The 550 g/l type increased by 16.25%; reached the threshold of 8,000 USD/ton. The export price of white pepper increased by a shocking 20.83%; reaching 12,000 USD/ton. World pepper prices today decreased slightly in Indonesia but increased sharply in Vietnam's exported pepper. Meanwhile, other markets stood still. Global pepper prices increased ...

Source: Agriculture