Domestic pepper prices: Extending the series of stabilization days
As of 11:30 am today (January 11), domestic pepper prices maintained a stable state in all areas, averaging at 151,500 VND/kg. Currently, key areas are trading in the range of 151,000 - 152,500 VND/kg.
Maintaining a standing state, the pepper price list of regions is currently as follows:
Gia Lai and Dong Nai provinces listed at prices of 150,000 VND/kg and 150,000 VND/kg respectively.
Ho Chi Minh City is anchored at the threshold of 151,500 VND/kg.
Dak Lak and Lam Dong are the two provinces with the highest prices, offering to the market at the milestone of 152,500 VND/kg.
World pepper prices: Same trend
In the world market, pepper prices remain unchanged in countries. The Indonesian exchange - one of the most vibrant markets is no exception. These two items are traded in the range of 6,717 - 9,143 USD/ton (equivalent to 177,215 VND/kg - 241,220 VND/kg).
Meanwhile, the Brazilian market stood at 6,150 USD/ton (about 162,256 VND/kg). In the opposite direction, black and white pepper remained unchanged, trading at 12,000 USD/ton and 9,000 USD/ton.
Notably, in Vietnam's pepper export market, black pepper prices of 500 g/l and 550 g/l are traded in the price range of 6,600 - 6,800 USD/ton. At the same increase, ASTA white pepper price is currently at 9,350 USD/ton (equivalent to 246,682 VND/kg).
Perspectives and forecasts
The pepper market in the first session of the week continued to affirm its strength when maintaining a stable price level in key growing areas. The fact that pepper prices stood firm above the 150,000 VND/kg mark shows that the market's internal strength is good because inventory in the people is no longer large.
On the international exchange, Vietnam's black pepper export price last week still maintained a leading advantage with a listed level of 6,600 - 6,800 USD/ton, far exceeding the 6,150 USD/ton of Brazilian pepper. This shows that the value of Vietnamese pepper is being highly appreciated by the world despite being under pressure from the strengthening of the USD.
