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Pepper price in Vietnam on May 23, 2024, increased sharply by 3,000 VND/kg

Published May 23, 2024

Tridge summary

Global pepper prices remained stable on May 23, 2024, due to limited supply as pepper output in Vietnam and other Asian countries, including Brazil, has decreased. The domestic pepper market in Vietnam saw a sharp increase in prices, reaching 115,000 - 117,000 VND/kg. The rise in domestic prices is attributed to weather conditions affecting pepper plants and the belief that prices will continue to increase, leading pepper growers to withhold raw materials from the market.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pepper prices today May 23 around the world In the world, the pepper market on May 23 continued to move sideways in all countries. Accordingly, the price of Lampung black pepper in Indonesia is anchored at 4,934 USD/ton. The national Muntok white pepper price remains at 6,488 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 5,000 USD/ton. In Vietnam, export prices of black pepper grades 500 and 550 g/l remained at 4,600 and 4,700 USD/ton, respectively. The export price of white pepper is anchored at 6,600 USD/ton. World pepper prices today have another day of moving sideways. Due to the Malaysian Ringgit increasing 1% against USD (4.71 MYR/USD), Malaysian domestic pepper prices increased last week. Meanwhile, the country's export prices continue to be stable and unchanged. Malaysia is preparing to enter the harvest ...
Source: Agriculture
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