Pepper price in Vietnam on June 13, 2023, some places increase up to 1,500 VND/kg

Published Jun 13, 2023

Tridge summary

World pepper prices are decreasing in Indonesia but remain stable in other countries. Indonesia's pepper crop is expected to be smaller in 2023 due to competition with coffee trees and transition to palm trees. Meanwhile, Brazilian pepper is facing Salmonella contamination issues in the EU market. Global pepper production is estimated to decrease by 1% in 2023. In Vietnam, the domestic pepper price has increased to 1,500 VND/kg. Exports of businesses outside the Vietnam Pepper and Spices Association have increased by 342.5% in the first 4 months of the year.

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

Original content

World pepper price today 13/6 Pepper price today 13/6 in the world market is decreasing in Indonesia but unchanged in other countries. Accordingly, the price of Lampung black pepper in Indonesia decreased by 0.13%, to USD 3,771/ton. The country's price of Muntok white pepper is down 0.14%, at $6,219/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 of 500 and 550 g/l is at 3,500 and 3,600 USD/ton, respectively. Export price of white pepper is at USD 5,000/ton. World pepper prices today are down slightly in Indonesia but unchanged in other markets. Currently, Indonesia is considered to be in the period of decreasing pepper prices. It is estimated that the size of the 2023 crop will be about 55,000 tons, 10,000 tons less than the 2022 crop (65,000 tons). The reason ...

Source: Agriculture