Pepper price today March 29, 2024 in Vietnam: Turn around and reduce up to 1,000 VND/kg

Whole Black Peppercorn

White Peppercorn

Vietnam

Market & Price Trends

Published Mar 29, 2024

Tridge summary

On March 29, 2024, the global pepper market experienced a minor decline in prices in Indonesia, with Lampung black pepper falling to 4,391 USD/ton and Muntok white pepper to 6,179 USD/ton, while prices in Malaysia, Brazil, and Vietnam remained stable. Vietnam's domestic market saw a decrease in pepper prices, particularly in Dak Lak, Dak Nong, and Ba Ria - Vung Tau. Despite this, the global demand for high-quality pepper continues to be strong, with expectations of sustained high prices due to a combination of high demand and limited supply from key producers. The year 2024 poses challenges for pepper farmers, including competition from other crops and a forecasted record low production of approximately 150,000 tons.

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 29 in the world In the world, the pepper market on March 29 decreased slightly in Indonesia but remained flat in other countries. Accordingly, the price of Lampung black pepper in Indonesia decreased by 0.14%; about 4,391 USD/ton. The national price of Muntok white pepper decreased another 0.13%, at 6,179 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 remains at 4,500 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. Today's world pepper price still only decreased slightly in Indonesia, while other markets had no new fluctuations. In a recent report of the Import-Export Department, it was forecasted that pepper prices in producing countries will continue ...

Source: Agriculture