News

Pepper prices in Vietnam on April 11, 2024; the 3rd consecutive day of decrease

White Peppercorn
Whole Black Peppercorn
Vietnam
Market & Price Trends
Published Apr 11, 2024

Tridge summary

As of April 11, 2024, the global pepper market has shown stability in prices across major producing countries, with Indonesia's Lampung black pepper priced at 4,463 USD/ton and Muntok white pepper at 6,179 USD/ton, among others. Despite this stability, Vietnam, a key player in the pepper market, has experienced a decrease in domestic pepper prices for the third consecutive day and a significant 25.4% drop in pepper exports in the first quarter of 2024 compared to the previous year, mainly due to reduced imports by China. With Vietnam's pepper output expected to decrease by 10% to about 170,000 tons, the lowest in five years, and its role as the primary pepper supplier until July 2024, a surge in global pepper prices is anticipated by the end of the second quarter of 2024. This is particularly due to the end of the harvest season in Brazil and Vietnam and before the main harvest in Indonesia and Malaysia, with domestic prices in Vietnam currently around 90,000 - 91,000 VND/kg.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

World pepper prices today April 11 In the world, the pepper market on April 11 still had no new fluctuations. Accordingly, the price of Lampung black pepper in Indonesia is anchored at 4,463 USD/ton. The price of Muntok white pepper in this country is at 6,179 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 remains at 4,500 USD/ton. In Vietnam, export prices of black pepper grades 500 and 550 g/l remained at 4,200 and 4,300 USD/ton, respectively. The export price of white pepper is anchored at 6,000 USD/ton. World pepper prices today continue to move sideways. Recently, IPC has continuously maintained pepper trading levels due to waiting for exports from Vietnam. Currently, Brazil has passed the pepper harvest season, Vietnam has just ended, while the main harvest of Indonesia and Malaysia must be in July every year. ...
Source: Agriculture
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