Pepper prices in Vietnam on December 5, 2024, continue to decrease in many localities

Published 2024년 12월 5일

Tridge summary

The article provides an overview of pepper prices in the international and domestic markets as reported by the International Pepper Community (IPC) and local sources in Vietnam. It notes a mixed reaction in pepper markets in the last week of November, with some increases and decreases in prices depending on the pepper type and region. Factors contributing to the decrease in domestic pepper prices in Vietnam include the decrease in coffee prices, increased supply, and unfavorable weather conditions. The Vietnamese pepper industry faces challenges such as shrinking growing areas, increasing investment costs, and new food safety regulations from the EU. The article also mentions the potential impact of climate change on the 2025 pepper harvest and discusses the fluctuation in global pepper prices, which are influenced by increased supply in Indonesia and Brazil, decreased import demand from China, and the EU's anti-deforestation regulations.

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

Original content

World pepper prices today December 5 At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 6,660 USD/ton; the price of Brazilian black pepper ASTA 570 at 6,225 USD/ton, up 75 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,300 USD/ton. The price of Muntok white pepper was 9,090 USD/ton, down 0.28%; the price of Malaysian white pepper ASTA was 10,500 USD/ton. The price of Vietnamese black pepper was traded at 6,200 USD/ton for 500 g/l; 550 g/l at 6,500 USD/ton; the price of white pepper was 9,300 USD/ton, down 100 USD/ton. The International Pepper Community assessed that the market in the last week of November showed mixed reactions when only Indian pepper prices recorded a decrease. Specifically, Indian domestic and export pepper prices continued to record a decrease last week. In the same region, Sri Lankan domestic pepper prices were stable. After 2 weeks of decrease, ...

Source: Agriculture