Domestic pepper prices: Continue to slide
As of 12:30 today (September 10), the domestic pepper market fluctuated, with an average decrease of 600 VND/kg. Currently, the purchase price of pepper is recorded at 141,000 - 143,000 VND/kg.
Ba Ria - Vung Tau and Dak Nong are the two provinces that kept the previous closing prices unchanged, currently listed at 142,000 VND/kg and 143,000 VND/kg respectively.
Meanwhile, Gia Lai and Dak Nong both lowered the price by VND 1,000/kg, simultaneously standing at VND 141,000/kg.
The purchase price in Dak Lak province today was made public at 142,000 VND/kg, down 1,000 VND/kg compared to yesterday (June 9).
World pepper prices: Stability at trading floors
In the world market, pepper prices continue to remain stable. The Indonesian exchange - one of the most vibrant markets is no exception. Currently, these two items are listed at 7,437 USD/ton; (equivalent to 194,999 VND/kg); white pepper is listed at 10,142 USD/ton (about 265,924 VND/kg).
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l ranges from 6,300 - 6,400 USD/ton. ASTA white pepper prices reached 9,300 USD/ton (equivalent to 165,188 VND/kg).
Notably, the Malaysia and Brazil exchanges remained stable. Malaysia's white rice continues to hold the highest price globally at 11,850 USD/ton (equivalent to 310,707 VND/kg).
Assessment and forecast
Currently, domestic export demand has not had many breakthroughs due to the influence of the European and Chinese markets. The USD/VND exchange rate is constantly fluctuating, causing businesses to temporarily stop large-scale goods gathering, waiting for the latest developments.
Notably, the recovery of pepper in key growing areas helps investors have more confidence that long-term supply will improve.
