News

Pepper prices in Vietnam on April 16, 2024, simultaneously moving sideways

Whole Black Peppercorn
White Peppercorn
Vietnam
Market & Price Trends
Published Apr 16, 2024

Tridge summary

On April 16, 2024, the global and domestic pepper markets showed stability in prices, with Indonesia, Malaysia, Brazil, and Vietnam reporting steady figures for their pepper varieties. Notably, Lampung black pepper in Indonesia was priced at 4,463 USD/ton, and Muntok white pepper at 6,179 USD/ton. Despite the stable market, a slight decrease in global pepper production is anticipated, with a forecast of 465,000 tons for 2024, down by 6,000 tons from the previous year, against a backdrop of increasing consumption. Vietnam, a major pepper producer, is in its main harvest season but faces a potential decline in output due to reduced planting areas and crop substitution, with domestic prices ranging from 89,000 to 90,000 VND/kg. The Vietnam Pepper Association (VPSA) has expressed concerns over what could be the country's lowest pepper output in years.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pepper prices today April 16 in the world In the world, the pepper market on April 16 continued to stand still in all countries. 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. Today's world pepper price has no new fluctuations as the market is still waiting for exports from main producing countries, especially Vietnam. Recently, the Import-Export Department (Ministry of Industry and Trade) forecast that pepper prices in producing countries will continue to remain high ...
Source: Agriculture
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