Updating the black pepper prices today, July 29, 2023, in Dak Lak, Gia Lai, and Ba Ria– Vung Tau, are they increasing or decreasing? What is the latest black pepper price on July 29?

Domestic pepper price today 7/29

Pepper prices in the domestic market today, July 29, 2023, show mixed adjustments among different regions. In the Central Highlands provinces, pepper prices remain stable, fluctuating around 66,500 – 67,500 VND/kg.

Specifically, in Chu Se (Gia Lai), black pepper is being purchased by traders at 66,500 VND/kg, a decrease of 500 VND/kg. In Dak Lak and Dak Nong, black pepper prices also decreased by 500 VND/kg to reach 67,500 VND/kg.

In the Southeastern region, black pepper prices continue to rise. Currently, prices in this area are being traded around 69,000 – 70,500 VND/kg.

In Dong Nai, the price is 69,000 VND/kg, an increase of 500 VND/kg. In Binh Phuoc, the price is 69,500 VND/kg, up 500 VND/kg. Ba Ria – Vung Tau still maintains the highest price, with traders purchasing at 70,500 VND/kg, an increase of 500 VND/kg.

In summary, pepper prices remain stable in the Central Highlands while continuing to show an upward trend in the Southeastern region.

The latest price list of pepper today 28/7

Below is  the  latest  domestic pepper price list today, July 28, 2023. Unit: VND/kg

World pepper price today 7/29

Pepper prices in the global market today, July 29, 2023, saw adjustments with increases for pepper from Indonesia and Vietnam. The price of black pepper from Lampung, Indonesia, closed at 3,733 USD/ton, rising 0.19%; black pepper from Brazil ASTA 570 was at 2,900 USD/ton; and black pepper from Kuching, Malaysia ASTA maintained its level at 4,900 USD/ton.

White pepper from Muntok increased to 6,463 USD/ton, up 0.19%; while white pepper from Malaysia ASTA remained at 7,300 USD/ton.

Vietnam's black pepper was traded at 3,500 USD/ton for 500 g/l and 3,600 USD/ton for 550 g/l, while white pepper was priced at 5,100 USD/ton, showing a 1.96% increase. This adjustment in Vietnam's pepper export prices by the International Pepper Community comes after a period of stability.

In addition to the disappointing harvests in Indonesia and Brazil, India's recent decision to ban the export of certain food items and agricultural products has caused turmoil in the global commodity market.

In the first half of July 2023, Vietnam's pepper exports reached 7,063 tons, with a trade value of 26.05 million USD, bringing the total exports in the first 6.5 months of the year to 159,715 tons, an increase of 20.39% in volume but a decrease of 14.75% in value compared to the same period last year. The average export price of pepper during this period was 3,688 USD/ton, showing a 2.08% increase compared to the average export price in June 2023.

Origin: congthuong.vn