News

Pepper price today April 20, 2024 in Vietnam: Hot increase to 3,000 VND/kg

Whole Black Peppercorn
White Peppercorn
Vietnam
Market & Price Trends
Published Apr 20, 2024

Tridge summary

On April 20, 2024, the global pepper market experienced a mix of price fluctuations and stability, with Indonesia witnessing a decrease in prices for Lampung black pepper and Muntok white pepper, while Malaysia, Brazil, and Vietnam saw stable prices. The EU's pepper imports in 2023 significantly dropped in both volume and value, with Vietnam, Brazil, India, Indonesia, and Sri Lanka as the main suppliers. Despite a decrease in pepper exports from Vietnam in the first quarter of 2024, domestic prices in Vietnam have increased, marking the fifth consecutive session of price increases. This is attributed to a significant increase in Vietnam's pepper exports in March 2024 compared to February, although there was a decrease compared to March 2023. The overall decrease in export volume but slight increase in value in the first quarter of 2024, along with a notable decline in exports to China, suggests a complex global pepper market scenario. Despite the downward adjustment in exports, pepper prices are expected to remain high due to increased demand and insufficient supply from other producing countries.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

World pepper prices today April 20 Around the world, the pepper market on April 20 turned down in Indonesia but stood still in other countries. Accordingly, the price of Lampung black pepper in Indonesia decreased by 0.64%; down to 4,562 USD/ton. The price of Muntok white pepper in this country decreased by 0.63%; at 6,025 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 anchored at 4,300 USD/ton. In Vietnam, export prices of black pepper grades 500 and 550 g/l remained at 4,200 and 4,300 USD/ton, respectively. The export price of white pepper is anchored at 6,000 USD/ton. World pepper prices today decreased quite sharply in Indonesia and remained stable in other markets. In 2023, the EU imports pepper from foreign sources reaching 50.26 thousand tons, worth 217.36 million EUR (equivalent to 235.64 million USD), ...
Source: Agriculture
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