PEPPERTRADE SPICES BOARD BLOG #Pepper #Spices: Pepper market on June 21, 2024: Slight increase


Pepper prices  today June 21 in the world

Around the world, the pepper market on June 21 turned down in Indonesia but remained unchanged in other countries.

Accordingly,
the price of Lampung black pepper in Indonesia decreased by 24 USD;
about 7,790 USD/ton. The price of Muntok white pepper in this country
decreased by 31 USD; at 9,713 USD/ton.

Malaysia’s Kuching ASTA black pepper price is anchored at 7,500 USD/ton; This country’s ASTA white pepper costs 8,800 USD/ton.

For the Brazilian market, the price of ASTA 570 black pepper is anchored at 7,600 USD/ton.

In
Vietnam, the export price of 500 g/l black pepper is trading at 7,800
USD/ton; The 550 g/l type is kept at 8,000 USD/ton. The export price of
white pepper is anchored at 12,000 USD/ton.

Pepper type Price Change
Lampung black pepper (Indonesia) 7,814 -0.31%
Muntok white pepper 9,744 -0.32%
Brazilian black pepper ASTA 570 7,600 –
Kuching black pepper (Malaysia) ASTA 7,500 –
ASTA Malaysian white pepper 8,800 –
Black pepper type 500 g/l Vietnam 7,300 –
Black pepper type 550 g/l Vietnam 7,800 –
Vietnamese white pepper 11,300 –

Latest world pepper price list on June 21, 2024. Unit: USD/ton

Thus, world pepper prices on June 21, 2024 decreased slightly in Indonesia compared to yesterday.

Domestically, the pepper market on June 21 was less volatile than yesterday.

Specifically, Dak Lak still purchases pepper at a price of 160,000 VND/kg;

Similarly, Dak Nong pepper price today maintained trading at 160,000 VND/kg;

Gia Lai pepper price today moved sideways, remaining at 156,000 VND/kg;

Currently, Dong Nai traders buy pepper at a price of 156,000 VND/kg;

Increasing 1,000 VND, Ba Ria – Vung Tau pepper price increased to 157,000 VND/kg;

Binh Phuoc traders are still trading pepper at 155,000 VND/kg.

Province Price Up and down
Dak Lak 160,000 –
Dak Nong 160,000 –
Gia Lai 156,000 –
Dong Nai 156,000 –
BA Ria Vung Tau 157,000 1,000
Binh Phuoc 155,000 –

Latest domestic pepper price list dated June 21, 2024. Unit: VND/kg

Domestic pepper prices   today  mainly went sideways, only Ba Ria Vung Tau increased slightly by 1,000 VND.

After
the first 16 days of June 2024, Vietnam exported 16,211 tons of pepper.
Of which, black pepper reached 14,347 tons, and white pepper reached
1,864 tons. Total export turnover reached 77.8 million USD.

It
is expected that Vietnam will export 30,000 tons of pepper in June,
bringing the total export volume in the first 6 months of 2024 to 140 –
144 thousand tons, the lowest output level in the past 5 years.

There
are currently no official statistics on pepper output in the past
season from management agencies, associations, and businesses. But with
an average estimate of 170 thousand tons, there is not much pepper left
for export until the end of the year.

Businesses
increased imports but did not increase significantly, in the context of
scarce global supply due to low output in many countries.

According
to experts, the pepper growing area is increasingly shrinking as
farmers change crops. The supply of pepper on the global market is
nearly 100,000 tons short of demand. Because businesses lack goods for
export, they increase purchases in a short period of time, causing
prices to increase dramatically.

The current “hot” increase in pepper is partly due to Chinese traders starting to buy pepper again after a long absence.

Thus, the domestic pepper price on June 21, 2024 is trading around 155,000 – 160,000 VND/kg.

According to Nongnghiep.vn

 




source https://updates.buyorganic.co.za/peppertrade-spices-board-blog-pepper-spices-pepper-market-on-june-21-2024-slight-increase/

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