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Today’s Peppercorn Prices: Steady Domestic Market, Lowest at 76,000 VND/kg

Today's pepper prices remain stable, ranging from 76,000 to 80,000 VND per kg. There were no changes in prices across key growing regions. Let's delve into the details and explore the current state of the pepper market together!

Administrator

14 July, 2024

For further reference: the most detailed!

The domestic market is in a stable phase. Vietnam’s black and white pepper export prices have also remained steady over the past ten days. Indonesian pepper is the only variety that has seen a slight increase in export prices globally.

1Domestic Pepper Prices

Today’s pepper prices in the domestic market range from VND 76,000 – 80,000/kg, unchanged from yesterday at the key growing areas.

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

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

Given the current situation, the pepper industry is striving to find sustainable development by encouraging organic production methods. Abundant supply and high quality have made Vietnam an ideal location for both domestic and foreign companies to establish deep processing factories for spices, including pepper.

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

2Export Pepper Information

Vietnam maintains a pepper-growing area of 130,000 hectares, with an annual output of 180,000 tons, accounting for 40% of global production. Vietnamese pepper is now present in 110 countries and territories worldwide. The volume of exported pepper currently accounts for 60% of the world’s exported pepper.

The average export price of Vietnamese pepper in August 2021 reached USD 3,736/ton, the highest price since January 2018. This price marked a 3.4% increase compared to July 2021 and a significant 49.4% jump from August last year.

The average export price of Vietnamese pepper in August 2021 was USD 3,736/ton

The above is the pepper price update for September 16th that we would like to share with you.

Frequently asked questions

As of the report on July 14, 2024, the price of black peppercorn is at a steady rate in the domestic market, with the lowest price being 76,000 VND/kg.

Yes, there are a few factors that could potentially impact the price. Firstly, the weather conditions in the main pepper-growing areas can affect supply and, consequently, prices. Secondly, the global economic situation and fluctuations in the value of the Vietnamese dong can also influence the price of peppercorn in the domestic market.

The expected price range for high-quality black peppercorn is between 80,000 and 85,000 VND per kilogram.

Consumers should pay attention to the appearance and smell of the peppercorns. High-quality peppercorns should have a uniform size, a deep black color, and a strong pungent aroma. It is also advisable to buy from reputable sources and check for any signs of moisture or mold to ensure the product is dry and free from contaminants.