Domestic pepper prices: Slight decrease
As of 11:30 am today (March 11), domestic pepper prices have decreased compared to the closing session yesterday, averaging 145,200 VND/kg. Currently, key areas are trading in the range of 144,000 - 146,500 VND/kg.
Domestic pepper prices slightly adjusted down, specifically as follows:
Gia Lai and Dong Nai provinces both decreased by 500 VND/kg, listed at the mark of 144,000 VND/kg.
Dak Lak and Lam Dong remained unchanged, both offering a price of 146,500 VND/kg to the market.
Ho Chi Minh City holds at the threshold of 145,000 VND/kg.
World pepper prices: Unexpectedly increase
In the world market, pepper prices simultaneously increased in some areas. The Indonesian exchange - one of the most active markets - slightly decreased. Black and white peppers traded in the range of 7,037 - 9,317 USD/ton (equivalent to 185,179 VND/kg - 245,177 VND/kg), increasing by 84 USD/ton and 55 USD/ton respectively.
The Brazilian market increased by 50 USD/ton, listed at 6,100 USD/ton (about 16,522 VND/kg). Notably, black and white peppers maintained an increase of 100 USD/ton, trading at 12,100 USD/ton and 9,100 USD/ton.
In Vietnam's pepper export market, black pepper prices of 500 g/l and 550 g/l slightly decreased, anchored at the mark of 6,400 - 6,500 USD/ton. Meanwhile, ASTA white pepper price continues to be offered for sale at 9,150 USD/ton (equivalent to 240,783 VND/kg).
Assessments and forecasts
The purchasing price level has slightly adjusted down, but the attention of agricultural businesses is currently focused on logistics costs pressure after the urgent gasoline and oil price increase last night.
The synergy between rising domestic energy costs and international logistics risks is creating a harsh test for the agricultural supply chain. However, due to the limited world pepper supply from countries such as Indonesia and India, Vietnamese pepper still maintains its leading position.
