On January 9, 2024, pepper in the Central Highlands and Southeast regions **sharply**, dropped to 1,000 - 1,500 VND kg. Overall, pepper** in major areas fluctuates between VND 80,000 - VND 82,000.
Specifically, today the number of pipes purchased by merchants in the Highland area is 80,000 - 81,000 VND kg. The purchase of Chu Se pepper (Gia Lai) was VND 80,000 kg, down VND 1,000 kg from yesterdayThe purchase of Duole pepper and Danon pepper** was VND 81,000 kg, a decrease of VND 1,000 kg from yesterday.
In the southeastern region, the purchase of pepper** is VND 81,000 - 82,000 kg. Ba Di-Vung Tau pepper** was VND 81,000 kg, down VND 1,500 kg;The purchase price of Binh Phuoc pepper was VND 82,000 kg, down VND 1,000 kg.
It can be seen that after 3 days of stagnation, pepper** in major regions today is beginning to show ** trend. Previously, from the end of November 2023, pepper in the main areas **once large** and suddenly ** in the following 4 days**.
According to the Vietnam Pepper and Spice Association (VPSA), Vietnam is one of the world's largest producers and exporters of spices, accounting for 11% of the global market share in 2022. However, both pepper acreage and production are decreasing, from 130,000 hectares in 2020 to 120,000 hectares in 2023, and production to 190,000 tonnes. In comparison, durian trees are 20 times more profitable than pepper trees. It is expected that as farmers cut pepper on a large scale and switch to durian cultivation, the area under pepper cultivation will be further reduced, which may lead to a decrease in Vietnam's pepper production in 2024 compared to 2023. Pepper production in 2023-2024 is expected to decrease by 10-15% to 160,000 tonnes to 160,000 tonnes due to the trend of farmers shifting to more economically efficient fruit tree planting50,000 tons.
According to the latest World Pepper ** release by the International Pepper Council (IPC), as of the end of morning trading on January 9 (Vietnam time), pepper** in Indonesia, Brazil, and Malaysia remained stable without major fluctuations.
Of this, Lampung Black Pepper (Indonesia)** is $3,940 mt and White Pepper (Indonesia)** is $6,069 mt today. Brazilian Black Pepper Asta 570** remained unchanged at $3,000 tonnesMalaysia's Costa Black Pepper in Kuching** remained at $4,900 tonnes;Malaysian asta white pepper** remains at $7,300 tonnes.
Meanwhile, exports of 500 grams of black pepper from Vietnam today** are $3,900 tonnes, with exports of 550 grams** of $4,000 tonnes and exports of asta white peppers** at $4,000 tonnes. $5,700 tonnes.
Jan. 9 updated World Pepper** according to wwwgiatieu.com information, the Kochi-India Exchange showed that the garbled, ungarbled, 500g litre pepper varieties remained stable for several days**. Among them, the trade of garbled pepper fell slightly to Rs 61,500 for 100kg, the trade of ungarbled pepper was 59,500 rupees for 100kg and the trade for 500g of pepper was 58,500 rupees for 100kg.