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Today’s Peppercorn Prices: Market Continues its Downward Trend, Holding at 73,000 – 77,000 VND per kg

Today, domestic pepper prices witnessed a slight dip, with transactions ranging from 73,000 to 77,000 VND per kg across various localities. Stay tuned as we delve deeper into the latest developments in the pepper market!

Administrator

28 July, 2024

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For more details, refer to the latest statistics!

According to statistics for the first eight months of 2021, pepper exports are estimated to reach over 197,000 tons, valued at $654.6 million, a 2.3% decrease in volume but a significant 47.6% increase in value compared to the same period in 2020.

1Domestic Pepper Prices

Pepper prices in the domestic market today are trading at 73,000 – 77,000 VND/kg in the key growing areas.

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

Dong Nai: 73,000 VND/kg
Gia Lai, the lowest in the market: 73,500 VND/kg
Dak Lak and Dak Nong: 74,500 VND/kg
Binh Phuoc: 75,500 VND/kg
Ba Ria – Vung Tau, the highest: 77,000 VND/kg

According to Dan Viet, the average export price of Vietnamese pepper in August 2021 reached $3,736/ton, the highest since January 2018, a 3.4% increase compared to July 2021, and a remarkable 49.4% surge compared to August 2020.

For the first eight months of 2021, the average export price of Vietnamese pepper reached $3,321/ton, a 51.1% increase compared to the same period in 2020.

Domestic pepper prices range from 73,000 to 77,000 VND/kg

2Global Pepper Price Update

Malaysian black pepper prices have quadrupled, while Indonesian white pepper prices have doubled since last season. Specifically, Malaysian black pepper prices are currently at 18.5 ringgit/kg, four times higher than the same period last year. Similarly, white pepper prices in the market have also increased significantly, ranging from 26 to 28 ringgit/kg.

White pepper prices in western Indonesia continue to rise, reaching 76,000 rupees/kg, or approximately 5.2 USD/kg. According to statistics, this figure has doubled compared to the previous period.

Malaysian black pepper prices have quadrupled, while Indonesian white pepper prices have doubled.

The above is the pepper price update for September 6th, 2021.

Frequently asked questions

The price of peppercorn has been on a downward trend, currently holding at 73,000 – 77,000 VND per kg.

Yes, various factors can impact the price of peppercorn, including weather conditions, crop yield, and market demand. Additionally, the quality of the peppercorns can also affect their market price, with higher-grade peppercorns commanding a higher price.

To ensure the best price when selling peppercorns, it is important to keep abreast of market trends and prices. Additionally, maintaining the quality of the peppercorns by proper storage and packaging can also help command a higher price. Selling directly to retailers or exporting to international markets can also fetch a better price compared to selling to local intermediaries.

Peppercorn farmers in Vietnam often face challenges such as unpredictable weather conditions, diseases affecting the peppercorn plants, and fluctuations in market demand, all of which can impact their income and livelihood.

Yes, the Vietnamese government has implemented various initiatives to support peppercorn farmers, including providing financial support, improving infrastructure, and promoting sustainable farming practices. These initiatives aim to stabilize the income of farmers and ensure the long-term viability of the peppercorn industry in Vietnam.