Domestic pepper prices
As of 11:30 am today (June 12), domestic pepper prices simultaneously rebounded, averaging 139,500 VND/kg. Currently, key areas are trading in the range of 138,500 - 140,500 VND/kg.
Domestic pepper prices increased by 500 VND/kg in all regions, currently provinces and cities list prices as follows:
Gia Lai and Dong Nai provinces are trading at the same mark of 138. 500 VND/kg, an increase of 500 VND/kg. This is the lowest price of domestic pepper offered to the market.
Ho Chi Minh City increased by 500 VND/kg, anchored at the price threshold of 139. 500 VND/kg.
Dak Lak and Lam Dong offered for sale at the highest purchase price of 140,500 VND/kg, an increase of 500 VND/kg compared to the previous closing session.
World pepper price
In the world market, pepper prices are mostly unchanged in some countries. Especially black and white peppers in Indonesia reversed to decrease in price, trading in the range of 7, 113 - 9, 180 USD/ton (equivalent to 187,855 VND/kg - 242,444 VND/kg), down 4 USD/ton and 6 USD/ton respectively.
Meanwhile, the Brazilian market is holding at 5,950 USD/ton (about 157. 140 VND/kg). Notably, black and white Malaysian peppers are still trading at high prices, respectively 12,250 USD/ton and 9,350 USD/ton.
In Vietnam's pepper export market, the price of black pepper of 500 g/l and 550 g/l remains at 6,100 - 6,200 USD/ton. In the same direction, ASTA white pepper is offered for sale at 9,000 USD/ton (equivalent to 237,690 VND/kg).
Assessments and forecasts
The recovery momentum of domestic pepper prices has narrowed the gap to 3,600 VND/kg compared to the same period last month.
After the recovery in the first days of the week, pepper prices showed signs of slowing down and slightly increased today. Trading in the market took place cautiously as both sellers and purchasing businesses continued to monitor supply and demand developments and export activities.
Instead of experiencing sudden increases, pepper prices currently tend to fluctuate in a narrow range and adjust according to actual demand.
