Pepper prices in Vietnam on May 4, 2024

Published May 4, 2024

Tridge summary

On May 4, 2024, the global pepper market saw a notable increase in prices in Indonesia, with Lampung black pepper and Muntok white pepper priced at 4,757 USD/ton and 6,303 USD/ton respectively, while prices in other countries remained stable. In Vietnam, the domestic market experienced a surge in pepper prices, reaching 100,000 - 101,000 VND/kg, with a significant increase in pepper exports, earning 117 million USD in April 2024, a 40.4% increase in value from the previous year. The average export price of pepper in April also saw a consistent rise, reaching 4,342 USD/ton. Vietnam continues to be a dominant force in the global pepper market, leading in production and exports for the past 20 years.

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

Original content

Pepper price today is 4/5 in the world In the world, the pepper market on May 4 increased quite strongly in Indonesia but remained flat in other countries. Accordingly, the price of Lampung black pepper in Indonesia increased slightly by 0.67%; increased to 4,757 USD/ton. The price of Muntok white pepper in this country also increased by 0.67%; at 6,303 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 anchored at 4,700 USD/ton. In Vietnam, export prices of black pepper grades 500 and 550 g/l remained at 4,400 and 4,500 USD/ton, respectively. The export price of white pepper is anchored at 6,000 USD/ton. World pepper prices today continue to increase in Indonesia and remain stable in other markets. This week, IPC commented that the market has a negative trend when no country reported a decrease. In particular, ...

Source: Agriculture