Pepper prices in Vietnam on May 28, 2024, are moving sideways

Published 2024년 5월 28일

Tridge summary

On May 28, 2024, the global pepper market saw a significant increase in prices in Indonesia, driven by the falling USD and high shipping costs, while prices remained stable in other countries. Indonesia experienced a surge in the prices of Lampung black pepper and Muntok white pepper. However, prices in Malaysia, Vietnam, Brazil, and Cambodia remained stable. The rise in pepper prices is attributed to supply shortages and increased demand in major markets like Europe, the US, and China. In Vietnam, domestic and export pepper prices continued to increase, reaching up to 119,000 - 120,000 VND/kg.

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

Original content

Pepper prices today May 28 in the world Around the world, the pepper market on May 28 increased sharply in Indonesia but remained stagnant in other countries. Accordingly, the price of Lampung black pepper in Indonesia increased by 2.36%; increased to 5,121 USD/ton. The national price of Muntok white pepper increased by 3.33%; at 7,426 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 5,000 USD/ton. In Vietnam, export prices of black pepper grades 500 and 550 g/l remained at 4,800 and 5,000 USD/ton, respectively. The export price of white pepper is anchored at 7,200 USD/ton. World pepper prices today increased sharply in Indonesia in the context of the USD falling and shipping costs remaining tense. At the time of the survey, the DXY index measuring greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, ...

Source: Agriculture