Domestic pepper prices: Continue to increase
As of 11:30 today (November 1), the domestic pepper market increased in price, averaging 146,600 VND/kg. Currently, the price ranges from 145,500 - 148,000 VND/kg.
Areas with different increases, ranging from 500,000 - 1,000 VND/kg, except for Dong Nai province:
Gia Lai province and Ho Chi Minh City both increased by 500,000 VND/kg, launching on the market at 145,500 VND/kg. This is the lowest price in the region.
Pepper prices in Dong Nai today remain unchanged, reaching 146,000 VND/kg.
Recorded the highest price in the region are Lam Dong and Dak Lak provinces when setting the price threshold of 148,000 VND/kg, an increase of 1,000 VND/kg.
World pepper prices: Unexpected fluctuations
In the world market, pepper prices have changed after a stable week in the regions. In particular, the Indonesian exchange - one of the busiest markets continued to record a slight increase of 0.1% and 0.09%. Currently, these two items are traded between 7,211 - 10,061 USD/ton (equivalent to 190,041 VND/kg - 265,157 VND/kg).
On the other hand, the Brazilian market is flat, currently holding at 6,100 USD/ton (about 160,705 VND/kg). On the contrary, black and white pepper decreased in price, down 0.81%-1.9%, respectively, trading at 12,300 USD/ton and 9,200 USD/ton.
In the pepper export market of Vietnam, the price of black pepper of 500 g/l and 550 g/l is flat, anchored at 6,400 - 6,600 USD/ton. ASTA white pepper prices remain high, currently standing at 9,050 USD/ton (equivalent to 238,441 VND/kg).
Assessment and forecast
Garden owners currently do not have much volume, leading to limited supply before the new harvest season. Meanwhile, import demand from major markets will gradually increase again by the end of the year. These are the main factors that help pepper prices maintain an upward trend.
If the international market continues to be stable and the exchange rate is favorable, domestic pepper prices are expected to have room to increase in the coming time, especially if there are more large orders from Europe or the US for the year-end holiday season.
