Domestic pepper prices
As of 11:30 am today (June 10), domestic pepper prices after the increase in some areas have returned to a stable state, on average anchored at 139,000 VND/kg. Currently, key areas are trading in the range of 138,000 - 140,000 VND/kg.
Domestic pepper prices maintain the price range in all regions, currently provinces and cities list prices as follows:
Gia Lai and Dong Nai provinces are trading at the threshold of 138,000 VND/kg. This is the lowest price offered to the market.
Ho Chi Minh City firmly holds the price threshold of 139,000 VND/kg.
Dak Lak and Lam Dong offered for sale at the highest purchase price of 140,000 VND/kg, unchanged compared to the previous closing session.
World pepper price
In the world market, pepper prices fluctuated in opposite directions in some countries. The two items of black and white pepper in Indonesia reversed to decrease in price, trading in the range of 7.051 - 9.100 USD/ton (equivalent to 186. 203 VND/kg - 240. 313 VND/kg), respectively decreasing by 40 USD/ton and 51 USD/ton.
Similarly, the Brazilian market continued to decrease by another 75 USD/ton, holding at 5,950 USD/ton (about 157. 128 VND/kg). Notably, black and white Malaysian peppers are still trading at high prices, respectively 12,250 USD/ton and 9,350 USD/ton.
In Vietnam's pepper export market, the price of black pepper of 500 g/l and 550 g/l remains at 6,100 - 6,200 USD/ton. In the same direction, ASTA white pepper is offered for sale at 9,000 USD/ton (equivalent to 237,672 VND/kg).
Assessments and forecasts
The world pepper market recorded a decline in some leading producing countries in today's trading session. Market prospects are supported by reduced sales from Vietnam as the harvest season gradually ends.
Low compensatory buying demand and the possibility of China increasing imports may support prices in the medium term. Meanwhile, geopolitical risks, rising oil prices and the risk of weather impacts continue to put pressure on global agricultural production.
