Domestic pepper prices: Lam Dong depreciates
As of 11:30 today (September 10), the domestic pepper market is stable, except for Lam Dong province.
Pepper prices in key provinces and cities have not fluctuated much, fluctuating between the previous closing price of 140,000 - 142,000 VND/kg.
Lam Dong province alone recorded a decrease of VND 1,000/kg, bringing the price to VND 140,000/kg.
World pepper prices: Developments in the same direction
In the world market, pepper prices are unchanged in all regions. The Indonesian exchange - one of the most vibrant markets is no exception. Currently, these two items are traded between 7,547 - 10,195 USD/ton (equivalent to 198.638 VND/kg - 268,333 VND/kg).
The Brazilian exchange is flat, this region is currently at 6,225 USD/ton (about 163,842 VND/kg). Meanwhile, Malaysia's black and white pepper remained at 11,750 USD/ton and 8,900 USD/ton.
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l is stable, currently anchored at 6,440 - 6,570 USD/ton. ASTA white pepper prices reached 9,150 USD/ton (equivalent to 240,828 VND/kg).
Assessment and forecast
After a series of strong increases at the beginning of the month, pepper purchasing prices fluctuated between 140,000 - 142,000 VND/kg. This is still a high price over the past year, reflecting the tightening of supply in the context of stable export demand.
In terms of supply, the pepper harvest in Vietnam has basically ended, and domestic collection output is no longer abundant.
Meanwhile, demand is still quite positive as many markets such as the Middle East, India, the US and Europe continue to boost imports to serve year-end demand and hoarding. This activity took place in the context of concerns about a shortage of goods from Indonesia, which is also entering the final stage of the crop.
