Domestic pepper prices: Increasing prices together
As of 11:30 am today (April 10), domestic pepper prices increased compared to the closing session yesterday, averaging 138,800 VND/kg. Currently, key areas are trading in the range of 138,500 - 139,500 VND/kg.
Domestic pepper prices simultaneously increased by another 500 VND/kg, listing prices as follows:
Gia Lai, Dong Nai and Ho Chi Minh City provinces are all listed at the mark of 138. 500 VND/kg.
Meanwhile, Dak Lak and Lam Dong continue to increase in price, currently still the areas with the highest offering prices in the country with the threshold of 139,000 VND/kg.
World pepper prices: Indonesia adjusts upwards
In the world market, pepper prices mostly maintain a stable state. Especially black and white peppers in Indonesia reversed to increase in price, trading in the range of 7.087 - 9.337 USD/ton (equivalent to 186,793 VND/kg - 246,096 VND/kg), increasing by 4 USD/ton and 6 USD/ton respectively.
Similarly, the Brazilian market maintained an increase of 50 USD/ton, listed at 6,150 USD/ton (about 162,096 VND/kg). Notably, black and white peppers maintained an increase of 100 - 200 USD/ton, trading at 12,200 USD/ton and 9,300 USD/ton.
In Vietnam's pepper export market, black pepper prices of 500 g/l and 550 g/l increased slightly by 100 USD/ton, hovering at the boundary of 6,100 - 6,200 USD/ton. In the same direction, ASTA white pepper price offered for sale at 9,000 USD/ton (equivalent to 237, 213 VND/kg).
Assessments and forecasts
Vietnam is in the peak harvest season and new crop supplies are being brought into the market. The harvest season is expected to end at the end of April, while other countries have also started the pepper harvest season.
According to Olam International, although the price has slightly adjusted compared to the level of 150,000 VND/kg in the previous quarter, this price level still continues to create great motivation for farmers, who are cautious in selling. The continuous participation of domestic exporters also contributes to supporting price stability.
