Pepper prices today in Vietnam February 2, 2024: What will the market be like after Tet?

Published Feb 2, 2024

Tridge summary

Pepper prices in Indonesia saw a slight increase on February 2, 2024, with Lampung black pepper and Muntok white pepper rising by 0.18% to 3,876 USD/ton and 6,112 USD/ton respectively. Meanwhile, prices in Vietnam remained stable, with export prices of black pepper grades 500 and 550 g/l at 3,900 and 4,000 USD/ton, and white pepper at 5,700 USD/ton. The domestic market also remained steady, with the highest price reaching 83,500 VND/kg. This stability is attributed to low inventories and reduced output forecasts, leading farmers to hold onto their goods, thereby exerting pressure on prices.

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

Original content

Pepper price today is 2/2 in the world Around the world, the pepper market on February 2 continued to increase slightly in Indonesia but remained flat in other countries. Accordingly, the price of Lampung black pepper in Indonesia increased by 0.18%, to 3,876 USD/ton. The price of this country's Muntok white pepper also increased by 0.18%, at 6,112 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 at 3,270 USD/ton. In Vietnam, export prices of black pepper grades 500 and 550 g/l remained at 3,900 and 4,000 USD/ton, respectively; increased by 200 USD. The export price of white pepper reached 5,700 USD/ton. World pepper prices today continued to increase slightly in Indonesia and remained stable in other markets. According to data from the US International Trade Commission (USITC), US pepper imports in November 2023 ...

Source: Agriculture