Pepper prices in Vietnam on May 7, 2024, remains stable

Published May 7, 2024

Tridge summary

On May 7, 2024, the global pepper market saw a significant increase in prices in Indonesia, with Lampung black pepper and Muntok white pepper experiencing surges of 3.29% and 2.57% respectively, while prices in other countries remained stable. In Vietnam, the domestic pepper market remained steady, with no fluctuations in prices, and preliminary statistics show a 2.2% increase in pepper export volume and a 5.2% increase in turnover in April 2024 compared to the previous month. The average export price of black pepper in April was $4,292/ton, and white pepper was $6,034/ton, marking increases of 4% and 6.5% respectively compared to March 2024. Vietnam's pepper exports to the US in April also saw a 15.5% increase compared to March, reaching the highest export volume since June 2021.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

World pepper price today May 7 Around the world, the pepper market on May 7 suddenly increased sharply in Indonesia but remained flat in other countries. Accordingly, the price of Lampung black pepper in Indonesia increased by 3.29%, to 4,919 USD/ton. The national price of Muntok white pepper increased by 2.57%; at 6,469 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. Latest pepper price list on May 7, 2024. Unit: USD/ton Thus, world pepper prices on May 7, 2024 increased sharply in Indonesia compared to yesterday. Pepper price today is 7/5 in the country Domestically, the pepper market on May 7 remained stable ...
Source: Agriculture
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