Pepper price today 9/5 in the domestic market continued to increase by 1,000 VND/kg. Currently, pepper prices in key areas have all exceeded 72,000 VND/kg and fluctuated around 72,000 - 75,000 VND/kg.

Accordingly, in the Central Highlands, pepper prices today fluctuate around 72,000-73,000 VND/kg. Specifically, in Gia Lai, today's pepper price was purchased by traders at 72,000 VND/kg, an increase of 1,000 VND/kg. In Dak Lak and Dak Nong provinces, today's pepper price also increased by 1,000 VND/kg to 73,000 VND/kg.

Similarly, in the Southeast, today's pepper price also increased by 1,000 VND/kg. Today's pepper price in Ba Ria Vung Tau is being purchased by traders at 75,000 VND/kg, an increase of 1,000 VND/kg. In Dong Nai, pepper price also increased by 1,000 VND/kg to 74,000 VND/kg; in Binh Phuoc, pepper price today is at 74,000 VND/kg, up 1,000 VND/kg.

Thus, today's pepper price has increased by 1,000 VND/kg compared to yesterday. Compared to early May, domestic pepper price has increased by 5,500 VND/kg compared to last week and surpassed 72,000 VND/kg in all markets. local. The pepper market is active.

On the world market, at the end of the last session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 3,506 USD/ton; Muntok white pepper price is 6,076 USD/ton. Brazilian black pepper price ASTA 570 at USD 2,950/ton; Kuching black pepper price (Malaysia) ASTA kept at USD 4,900/ton; Malaysia ASTA white pepper price is still at 7,300 USD/ton.

Vietnam black pepper price traded at 3,500 USD/ton with 500 g/l grade; grade 550g/l at 3,600 USD/ton; white pepper price at 5,000 USD/ton.

Experts said that the market's upward force after the holiday came from the weather factor. The intense heat of the past week across the country, especially the key crops in the Southeast and the Central Highlands, caused the prices of agricultural products to rise, especially pepper.

The heat caused concerns about new crop production to increase, affecting supply in the long term. Many localities have warned that this year may be late flowering, causing next year's harvest to be affected in terms of time and yield.

If there is an El Nino in the second half of 2023, it will cause the commodity market to increase. In addition, pepper is being supported by information that the output of countries about to be harvested is expected to decrease. Total global pepper production in 2023 is estimated at 526 thousand tons compared to 537.6 thousand tons in 2022.

Exporters actively bought raw materials to replenish inventories, while domestic supply declined. This causes pepper prices to continuously increase. However, the amount of pepper material put on the market is quite small because farmers and dealers expect pepper prices to increase in the near future.

The Import-Export Department ( Ministry of Industry and Trade ) acknowledged that Vietnam's pepper export activities took place more excitingly in the second quarter of 2023 thanks to the increased demand from the markets of China, Papua New Guinea, ASEAN, and Turkey. Turkey..., offset the still quiet import demand of the US and EU markets.

Today's pepper price list May 9, 2023

Origin: congthuong.vn