Pepper price in Vietnam today, 3/5/2023: Domestic is still stable

Published 2023년 5월 3일

Tridge summary

World pepper prices are mixed with a decrease in Indonesia but stable in other countries, while domestic prices in Vietnam remain stable. Experts anticipate a positive market outlook due to a decrease in new crop output and recovering demand. However, the pepper market faces challenges such as adverse weather conditions and pest risks during the post-harvest stage. Vietnam's pepper export activities are expected to increase in Q2 2023, with demand from markets like China, Papua New Guinea, ASEAN, and Turkey.

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

Original content

World pepper price today 3/5 Pepper prices today 3/5 in the world market are falling in Indonesia but flat in other countries. Accordingly, the price of Lampung black pepper in Indonesia decreased by 2.52%, to $3,499/ton. The country's price of Muntok white pepper decreased slightly by 0.28%, at $6,064/ton. Malaysia's Kuching ASTA black pepper price remained stable at $4,900/ton; while the country's ASTA white pepper is still priced at $7,300/ton. For the Brazilian market, the price of black pepper ASTA 570 is at $2,950/ton. In Vietnam, the export price of black pepper grade 500 and 550 g/l was at 3,275 and 3,325 USD/ton, respectively. The export price of white pepper is $4,830/ton. The world pepper price today is decreasing in the Indonesian market but remains stable in other export markets. Commenting on the pepper market in May 2023, experts forecast that it will continue to have positive developments thanks to the decrease in the output of the new crop of countries. This leads ...

Source: Agriculture