News

Pepper price in Vietnam today February 27, 2024: Increased sharply, reaching 94,000 VND/kg

Whole Black Peppercorn
White Peppercorn
Vietnam
Market & Price Trends
Published Feb 27, 2024

Tridge summary

As of February 27, 2024, pepper prices have seen a slight decrease in Indonesia, while remaining stable in other countries. However, Vietnam's domestic pepper market has experienced a significant increase, with prices ranging from 91,000 - 94,000 VND/kg. This surge is due to speculative buying and a 10.5% decrease in the country's pepper harvest. Despite a global economic downturn, Vietnam stands out as the only leading pepper producer to record an increase in exports.
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

Pepper prices today February 27 in the world Around the world, the pepper market on February 27 decreased slightly in Indonesia but remained unchanged in other countries. Accordingly, the price of Lampung black pepper in Indonesia decreased by 0.28%; about 3,911 USD/ton. The price of Muntok white pepper in this country decreased by 0.29%; at 6,166 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 at 3,270 USD/ton. In Vietnam, export prices of black pepper grades 500 and 550 g/l remained at 3,900 and 4,000 USD/ton, respectively. The export price of white pepper reached 5,700 USD/ton. World pepper prices today only decreased slightly in Indonesia and remained flat in other markets. Thus, world pepper prices on February 27, 2024 decreased slightly in Indonesia compared to yesterday. Pepper prices today February 27 in ...
Source: Agriculture
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