Pepper price in Vietnam today, July 4, 2024: Strongly reduced by up to 5,000 VND

Published 2024년 7월 4일

Tridge summary

On July 4, 2024, the global pepper market saw a decrease in prices, with significant drops in Indonesia and Vietnam's pepper exports. Indonesian Lampung black pepper and Muntok white pepper prices fell slightly, while Malaysian and Brazilian prices remained stable or decreased slightly. Vietnamese export prices for black and white pepper saw sharp decreases. The domestic pepper market in Vietnam and various regions also experienced a sharp decrease in prices, with the Ministry of Agriculture and Rural Development noting a decrease in pepper area and output, expected to reach its lowest level in the last 5 years due to low prices and unfavorable weather. The Vietnam Pepper and Spice Association reported that farmers are replacing pepper trees with durian due to its higher profitability, and the hot and dry weather is further reducing pepper output.

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

Original content

Latest world pepper prices on July 4 Around the world, the pepper market on July 4 decreased in Indonesia and Vietnam's pepper exports. Accordingly, the price of Lampung black pepper in Indonesia decreased slightly by 0.01%; about 7,109 USD/ton. The price of Muntok white pepper in this country also decreased by 0.01%; at 9,052 USD/ton. Malaysia's Kuching ASTA black pepper price remained at 7,500 USD/ton; This country's ASTA white pepper costs 8,800 USD/ton. For the Brazilian market, the price of ASTA 570 black pepper decreased by 0.34%; about 7,250 USD/ton. In Vietnam, the price of exported black pepper 500 g/l decreased sharply by 6.67%, trading at 6,000 USD/ton; The 550 g/l type reduced by 4.55%; at 7,000 USD/ton. The export price of white pepper is at 9,500 USD/ton, down 5.56%. World pepper prices today decreased slightly in Indonesia and Brazil but decreased sharply in Vietnamese pepper exports. Other countries are still moving sideways. Last week, the pepper market reacted ...

Source: Agriculture