Pepper price today July 11, 2024 in Vietnam: Turned down slightly by 1,000 VND

On July 11, 2024, global pepper prices saw a slight increase, with the most significant rise in Indonesia, where the prices of Lampung black pepper and Muntok white pepper increased by 0.15% and 0.05% to 7,166 USD/ton and 9,124 USD/ton, respectively. Prices in Malaysia and Brazil remained stable. In Vietnam, the prices for black and white pepper were 6,000 USD/ton and 8,800 USD/ton, respectively. The domestic pepper market in Vietnam experienced a slight decrease in prices in some areas, with a trading price of around 153,000 VND/kg. The Import-Export Department of the Ministry of Industry and Trade forecasts a continued increase in domestic pepper prices, driven by a supply shortage as demand recovers strongly from major markets. The 2024 pepper crop in Vietnam and other major producing countries is expected to decline due to the El Nino phenomenon and reduced cultivated area, further tightening the supply.

World pepper prices today July 11 Around the world, the pepper market on July 11 increased slightly again in Indonesia. Accordingly, the price of Lampung black pepper in Indonesia increased by 0.15%, to 7,166 USD/ton. The price of this country's Muntok white pepper increased by 0.05%, at 9,124 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 remains at 7,150 USD/ton. In Vietnam, the export price of 500 g/l black pepper is trading at 6,000 USD/ton; and the 550 g/l type is at 6,600 USD/ton. The export price of white pepper remains at 8,800 USD/ton. World pepper prices today only increased slightly in Indonesia, while other countries remained stable. In August, the market hoped the shipping situation would stabilize again after the US increased tariffs on goods imported from China. Currently, freight rates are increasing due to a lack of ...