Pepper prices in Vietnam today, June 15, 2024: Domestic pepper prices plummeted

Published 2024년 6월 15일

Tridge summary

Pepper prices in Vietnam have decreased sharply in most key locations, ranging from 155,000 VND/kg to 157,000 VND/kg, a significant drop of 3,000 - 7,000 VND/kg compared to the previous day. This decrease comes after a slight increase the day before. Meanwhile, international pepper prices have also seen fluctuations, with Vietnamese black pepper experiencing a sharp increase of 6.84%, and white pepper increasing by 12.14%. This is due to various factors such as speculation, reduced production forecasts, and scarce supply. The Vietnam Pepper and Spice Association has noted that Vietnam has exported nearly 70% of its current crop's output, leading to a narrow supply, and Vietnamese businesses are facing difficulties in importing pepper for processing due to rising world pepper prices and decreasing output from major producing countries.

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

Original content

Domestic pepper price today Pepper prices today, June 15, 2024, in the Central Highlands and Southeast regions decreased sharply from 3,000 - 7,000 VND/kg in some localities, trading around 156,400 VND/kg, the highest purchase price in the province. Dak Lak, Dak Nong, Ba Ria - Vung Tau is 157,000 VND/kg. Accordingly, the price of Dak Lak pepper was purchased at 157,000 VND/kg, down 3,000 VND/kg. Chu Se pepper price (Gia Lai) is currently at 155,000 VND/kg, down 5,000 VND/kg compared to yesterday. Dak Nong pepper price today recorded a record price of 157,000 VND/kg, down 7,000 VND/kg compared to yesterday. In the Southeast region, pepper prices today decreased by 6,000 VND/kg. Specifically, in Ba Ria - Vung Tau it increased to 157,000 VND/kg, down 6,000 VND/kg; In Binh Phuoc, pepper price reached 156,000 VND/kg, down 6,000 VND/kg. After yesterday's slight increase, today's domestic pepper price dropped sharply to 155,000 - 157,000 VND/kg. Thus, domestic pepper prices today ...

Source: Industry and Consumption Newspaper