Domestic pepper prices: Sharp increase after two days of stagnation
As of 11am today (12.), domestic pepper prices have suddenly increased again, an average increase of VND1,700/kg compared to the previous trading session. Currently, the purchase price ranges from 158,500 - 160,000 VND/kg. The average pepper purchase price nationwide is at 159,300 VND/kg.
Although reversed to increase by 1,500 VND/kg, Gia Lai is currently the province with the lowest pepper purchasing price in the country, anchored at 158,500 VND/kg.
simultaneously "turning around" to increase by 2,000 VND/kg, Ba Ria - Vung Tau and Binh Phuoc provinces listed pepper prices at 159,000 VND/kg.
In the same direction, after the red trading floor day, Dak Lak and Dak Nong provinces today were also covered in green, increased by 1,500 VND/kg, sold on the market at 160,000 VND/kg.
World pepper prices: Sky-high increase and decrease
According to the International Pepper Community, on trading floors, black and white pepper prices in the Indonesian market fell after a flat trading session. Black pepper prices decreased by 0.63%, listed at 7,264 USD/ton (equivalent to 186,322 VND/kg). The same price of white pepper was announced at 10,251 USD/ton (equivalent to 262,939 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper is trading at 6,900 USD/ton.
Meanwhile, in the Malaysian market, ASTA black and white pepper prices have remained unchanged for many days, anchored at 9,800 USD/ton and 12,300 USD/ton.
Notably, in Vietnam, exported black pepper prices continued to remain unchanged. The 500 g/l type is traded at 7,000 USD/ton (equivalent to 179,550 VND/kg); the 550 g/l type is currently at 7,200 USD/ton (equivalent to 184,680 VND/kg). Similarly, the price of white pepper for export is at 10,000 USD/ton (equivalent to 256,500 VND/kg).
In the Indian market, pepper prices remain unchanged in most pepper cultivars. Garbled pepper costs 67,200 rupees/kg, (equivalent to 203,489 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 197,433 VND/kg).
Assessment and forecast
According to the Vietnam Pepper and Spices Association (VPSA), in the short term, pepper prices have increased compared to previous years, so gardeners have benefited, predicting that the demand for pepper in the world in the coming time will still be quite high, so pepper prices may continue to increase.
In the short term, pepper farmers benefit from high pepper prices, however, in general, the pepper growing profession is still unstable. The main reason is that other crops such as durian are bringing higher profits, making many farmers still not interested in increasing pepper acreage.
