Trade4go Summary
On August 24, 2024, the global pepper market saw a slight increase in prices, particularly in Indonesia, where Lampung black pepper and Muntok white pepper increased by 0.16%. However, prices in Malaysia and Brazil remained stable. Vietnam's export prices for black and white pepper were also unchanged. Despite a decrease in exports in volume but an increase in value compared to 2023, Vietnam's domestic pepper market fluctuated slightly, with prices remaining stable in most regions but decreasing in Binh Phuoc. The domestic pepper prices ranged from 142,000 to 145,000 VND/kg. The Vietnam Pepper & Spice Association (VPSA) expects a decrease in pepper output in 2024, leading to a supply shortage and high prices.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
World pepper prices today August 24 In the world, the pepper market on August 24 increased slightly in Indonesia. Accordingly, the price of Lampung black pepper in Indonesia increased by 0.16%, to 7,490 USD/ton. The price of Muntok white pepper in this country also increased by 0.16%; at 8,818 USD/ton. The price of Kuching ASTA black pepper in Malaysia remained at 8,500 USD/ton; while the price of ASTA white pepper in this country was 10,400 USD/ton. For the Brazilian market, the price of ASTA 570 black pepper was still trading at 6,300 USD/ton. In Vietnam, the export price of 500 g/l black pepper was traded at 5,800 USD/ton; and 550 g/l at 6,200 USD/ton. Meanwhile, the export price of white pepper remained at 8,500 USD/ton. Today's world pepper price turned slightly up in Indonesia but remained stable in other markets. To summarize this week, the global pepper market still reacted in opposite directions when only India and China recorded a decrease. Thus, the world pepper price ...
Agriculture
Aug 24th, 2024
