News

Pepper prices today March 26, 2024 in Vietnam: Domestic market is stable

Whole Black Peppercorn
White Peppercorn
Vietnam
Market & Price Trends
Published Mar 26, 2024

Tridge summary

On March 26, 2024, the global pepper market exhibited mixed trends, with Indonesian black pepper prices increasing and Muntok white pepper prices slightly declining, while other markets remained stable. In Vietnam, despite stable domestic prices across provinces, speculation has led to recent price hikes. The pepper harvest is expected to be lower than anticipated due to early hot weather from El Nino, potentially keeping prices elevated. The VIPO 2024 conference underscored the challenges in supply and the impact of climate change on pepper cultivation, indicating that prices may continue to rise due to a supply shortfall.
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 26 in the world Around the world, the pepper market on March 26 fluctuated in different countries. Accordingly, the price of Lampung black pepper in Indonesia increased sharply by 3.13%; increased to 4,413 USD/ton. The national price of Muntok white pepper decreased slightly by 0.14%, at 6,210 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 fluctuated in opposite directions with a sharp increase in Indonesian black pepper but a slight decrease in Muntok white pepper. Other markets are still moving sideways. Thus, world pepper prices on March 26, 2024 increased and ...
Source: Agriculture

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