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Today’s Peppercorn Prices Hold Steady: Trading Within the Range of 76,000 – 80,500 VND per Kilogram

Today's pepper prices are ranging from 76,000 to 80,500 VND per kg. While the spice market has seen an upward trend, the rise has not met expectations, particularly in key regions. Join us as we delve into the intricacies of this industry and explore what's driving these price movements.

Administrator

11 July, 2024

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Preliminary assessments show that pepper prices have risen over time, but not as much as the market expected. The increase mainly offsets the still-high ocean freight rates and the additional costs incurred from pandemic prevention measures.

1Domestic Pepper Prices

Pepper prices in the domestic market today range from 76,000 – 80,500 VND/kg, remaining unchanged from the same period yesterday in key growing areas.

Specifically, the latest pepper prices in the following provinces are:

Dong Nai has the lowest price at 76,000 VND/kg
Gia Lai is at 77,000 VND/kg
Dak Lak and Dak Nong are at 78,500 VND/kg
Binh Phuoc is at 79,000 VND/kg
Ba Ria – Vung Tau has the highest price at 80,500 VND/kg

This morning, domestic pepper prices remain stable compared to the same period yesterday. Last week, pepper prices increased by 500 VND/kg in Dak Lak, Dak Nong, and Ba Ria – Vung Tau provinces. Compared to September 1st, domestic pepper prices have increased by 2,000 – 2,500 VND/kg.

Today’s pepper prices remain stable, ranging from 76,000 – 80,500 VND/kg

2Export Pepper Information

According to statistics from the General Department of Vietnam Customs, pepper exports in the first eight months of 2021 reached a total of 197,766 tons, a decrease of 4,063 tons, or 2.01%, compared to the export volume in the same period in 2020.

In contrast, India’s pepper exports in the first six months of 2021 increased by 43% in volume to 11,260 tons, valued at $45.8 million, a 57% increase compared to the previous year. Of this, crushed pepper accounted for 54% of sales.

In Brazil, international pepper sales from January to July decreased by 9% in volume to 51,620 tons and by 32% in value to $145.5 million.

According to Vietnam Customs, pepper exports in the first eight months of 2021 totaled 197,766 tons

The above is the pepper price update for September 20th that we would like to share with you.

Frequently asked questions

The price of peppercorns was holding steady, trading within the range of 76,000 – 80,500 VND per kilogram.

No, the market price remained stable on that day, with no significant fluctuations reported.

The typical price range for peppercorns in Vietnam can vary, but on the specified date, it was trading within a relatively narrow range of 76,000 to 80,500 VND per kilogram.

Yes, there are different varieties of peppercorns available in the market, each with its own unique characteristics and price point. For example, black peppercorns are typically more affordable than white peppercorns, which are known for their milder flavor and are often used in gourmet cooking.

The quality of peppercorns plays a significant role in determining the price. Factors such as size, color, flavor, and aroma can all influence the pricing. Higher-quality peppercorns with more intense flavors and aromas tend to command a higher price in the market.