Pepper prices today July 1, 2024 in Vietnam: Summary of hot increase in June

Published 2024년 7월 1일

Tridge summary

As of July 1, 2024, global pepper prices have remained stable with Lampung black pepper in Indonesia and Muntok white pepper in Malaysia priced at 7,106 USD/ton and 9,048 USD/ton respectively. Vietnamese pepper exports are trading at 6,500 USD/ton for 500 g/l black pepper and 9,500 USD/ton for white pepper. The domestic pepper market in Vietnam has also remained steady, with prices ranging from 153,000 VND/kg to 157,000 VND/kg. However, high sea freight prices due to congestion and conflict in the Red Sea have led to a sharp increase in Vietnam's export pepper prices. Despite a decrease in export volume, the value has increased significantly, potentially helping the pepper industry achieve its billion-dollar export target for the year.

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

Original content

World pepper prices today July 1 In the world, the pepper market on July 1 remained stable. Accordingly, the price of Lampung black pepper in Indonesia is anchored at 7,106 USD/ton. The price of Muntok white pepper in this country is at 9,048 USD/ton. Malaysia's Kuching ASTA black pepper price is anchored at 7,500 USD/ton; This country's ASTA white pepper costs 8,800 USD/ton. For the Brazilian market, the price of ASTA 570 black pepper remains at 7,300 USD/ton. In Vietnam, the export price of 500 g/l black pepper is trading at 6,500 USD/ton; and the 550 g/l type is at 7,000 USD/ton. The export price of white pepper remains at 9,500 USD/ton. World pepper prices today went sideways. Summarizing last week, the pepper market fluctuated with only Sri Lanka and Malaysia reporting increases. Thus, world pepper prices on July 1, 2024 have no new fluctuations compared to yesterday. Pepper price today is July 1 in the country Domestically, the pepper market on July 1 went sideways compared ...

Source: Agriculture