Domestic pepper prices
As of 11:30 am today (July 10), domestic pepper prices are stable, continuing to be listed at 139,200 VND/kg. Currently, key areas are trading in the range of 138,000 - 141,000 VND/kg.
Domestic pepper prices remain unchanged for the 2nd consecutive day. Currently, provinces and cities list prices as follows:
Gia Lai and Dong Nai simultaneously listed at the mark of 138,000 VND/kg.
In the same direction, Ho Chi Minh City traded at the 13,900,000 VND/kg mark.
Notably, Lam Dong and Dak Lak offered for sale at the highest purchase price in the whole region, which is 140,000 VND/kg and 141,000 VND/kg.
World pepper price
In the world market, pepper prices continue to move sideways in all countries. Indonesian black pepper and white pepper are no exception, trading in the range of 7, 121 - 9, 253 USD/ton (equivalent to 188,444 VND/kg - 244,863 VND/kg).
Meanwhile, the price of black pepper in Brazil sold to the market is 5,900 USD/ton (about 156. 132 VND/kg). Notably, black and white pepper in Malaysia 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 unchanged 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 238,167 VND/kg).
Assessments and forecasts
The price difference between the locality with the highest and lowest prices is currently at 3,000 VND/kg. This difference is in a narrow range, reflecting an increasing trend spreading across most production areas.
The remaining supply of goods in growing areas gradually decreasing after a strong export period in the first half of the year is one of the factors supporting prices. Purchasing demand to implement export contracts also creates more momentum for the domestic market.
