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Today’s Black Pepper Prices are Looking Up: $76,000 – $80,000 per kg

Today's pepper prices remain stable, ranging from 76,000 to 80,000 VND per kg. This morning, pepper prices stayed consistent across key growing regions, a trend we've been observing for several days now. Join us as we delve into the latest updates and insights on this spice's market movement.

Administrator

9 August, 2024

For more details, check out this comprehensive guide!

Over the years, Vietnam has significantly improved the quality of its pepper products. In addition to the well-known black pepper, the country also produces green, red, white, and vinegar-soaked pepper, making it a versatile spice that has conquered numerous markets.

1Domestic Pepper Prices

Pepper prices in Vietnam’s domestic market remain stable, ranging from 76,000 – 80,000 VND/kg, unchanged from yesterday in the key growing areas.

Here are the latest prices from various provinces:

Dong Nai has the lowest price at 76,000 VND/kg
Gia Lai: 77,000 VND/kg
Dak Lak and Dak Nong: 78,000 VND/kg
Binh Phuoc: 79,000 VND/kg
Ba Ria – Vung Tau has the highest price at 80,000 VND/kg

This morning, domestic pepper prices remain unchanged from yesterday. The market is going through a stable phase. Vietnamese pepper export prices are currently 115 USD/ton higher than at the beginning of the month, indicating a positive trend and suggesting that a new price hike may be on the horizon.

Pepper prices remain stable, ranging from 76,000 – 80,000 VND/kg

2Export Pepper Information

There was a slight increase in Vietnam’s export prices for black and white pepper by 25 USD/ton yesterday. The last time export prices increased was on September 6th.

Currently, Vietnamese export prices are 115 USD/ton higher than at the beginning of the month. Indonesia’s export prices are also on an upward trend, while Brazil’s prices have slightly decreased, and India’s prices have remained unchanged since the end of August 2021.

Vietnam’s black and white pepper export prices increased slightly by 25 USD/ton

This concludes our pepper price update for September 17th.

Frequently asked questions

The price of black pepper in Vietnam is looking up, ranging from 76,000 to 80,000 VND per kg as of the writing of this article.

The price of black pepper is influenced by various factors such as supply and demand, weather conditions, and the quality of the peppercorns. Additionally, the price can be affected by the production costs, including labor and transportation expenses.

The quality of black pepper plays a significant role in determining its price. Factors such as the size of the peppercorns, the astaxanthin content, and the presence of impurities can impact the overall quality and, consequently, the price.

Consumers should be mindful of the origin and quality of the black pepper they purchase. Reputable sources and well-known brands can offer a certain level of assurance. Checking the expiration date and choosing products with a suitable level of astaxanthin for your intended use are also important considerations.

Black pepper is considered a high-value spice and is often more expensive than other commonly used spices such as chili, turmeric, or galangal. However, the price can vary depending on the market demand and the quality of the product.