News

Pepper prices today in Vietnam, March 22, 2024: Slight increase in some places

Whole Black Peppercorn
White Peppercorn
Vietnam
Market & Price Trends
Published Mar 22, 2024

Tridge summary

As of March 22, pepper prices have seen a slight increase in Indonesia, with Lampung black pepper and Muntok white pepper reaching 4,305 USD/ton and 6,263 USD/ton respectively, while prices in Malaysia, Vietnam, and Brazil remained stable. The global pepper market is expected to become more vibrant due to a decrease in supply from major countries like Vietnam, causing a global deficit. In Vietnam, particularly in Dak Lak province which accounts for 26.57% of the country's pepper area, farmers are focusing on harvesting to end the season early for tree care. Domestic pepper prices in Vietnam are trading around 92,500 - 95,500 VND/kg.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Pepper prices today March 22 in the world In the world, the pepper market on March 22 increased in Indonesia but remained unchanged in other countries. Accordingly, the price of Lampung black pepper in Indonesia increased slightly by 0.42%; increased to 4,305 USD/ton. The price of Muntok white pepper in this country also increased by 0.42%; at 6,263 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 remained at 4,375 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 increased slightly in Indonesia and remained stable in other markets. VPSA said that pepper prices are entering an increasing cycle. However, during the upward process, this agricultural product ...
Source: Agriculture

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