Pepper price in Vietnam on November 27, 2024, remains at a high level

Published 2024년 11월 27일

Tridge summary

On November 27, 2024, global pepper prices saw mixed results, with slight decreases in Indonesia and no changes in Vietnam, while Brazil experienced an increase. Vietnam, a key player in the global pepper market, is facing challenges such as potential reduction in pepper and spice cultivation areas due to weather, pests, diseases, and high costs of other agricultural products. Despite these challenges, the country maintains a stable domestic pepper price around 140,000 - 141,000 VND/kg. The Vietnam Pepper and Spice Association (VPSA) has emphasized the need for a sustainable global spice supply chain and close cooperation for market development.

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

Original content

World pepper prices today, November 27 Worldwide, pepper prices on November 27 fluctuated in opposite directions. Accordingly, the price of Lampung black pepper in Indonesia decreased slightly by 0.42%; to 6,596 USD/ton. The price of Muntok white pepper in the country also decreased by 0.42%; to 9,101 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 10,500 USD/ton. For the Brazilian market, the price of ASTA 570 black pepper traded at 6,050 USD/ton (up 0.83%). In Vietnam, the export price of 500 g/l black pepper traded at 6,200 USD/ton; and the 550 g/l type is at 6,500 USD/ton. The export price of white pepper is at 9,400 USD/ton. Today's world pepper price decreased slightly in Indonesia but increased in Brazil. Other markets still have no new fluctuations. Thus, the world pepper price on November 27, 2024 increased and decreased in opposite directions compared to yesterday. Today's domestic ...

Source: Agriculture