Domestic pepper prices
Today (July 12), domestic pepper prices traded in the range of 138,000 - 141,000 VND/kg, a sharp increase of 4,000 - 6,000 VND/kg compared to last week.
At the end of last week, Gia Lai and Dong Nai increased by 4,000 VND/kg and 5,000 VND/kg respectively, both anchored at the threshold of 138,000 VND/kg.
Ho Chi Minh City announced pepper prices at 139,000 VND/kg, an increase of 5,000 VND/kg.
Dak Lak and Lam Dong are no exception when the upward trend covers the entire region. The strongest increase is up to 6,000 VND/kg, bringing the trading price around 140,000 - 141,000 VND/kg.
World pepper price
According to data from the International Pepper Corporation (IPC), pepper prices last week fluctuated in opposite directions.
Indonesian black pepper prices last week interrupted a long series of sideways movements, currently listed at 7.079 USD/ton, down 42 USD/ton.
Similarly, Indonesia's Muntok white pepper price decreased by 55 USD/ton) compared to the previous week, reaching 9,198 USD/ton.
Meanwhile, the price of Brazilian black pepper type ASTA 570 maintained the price range, anchored at the threshold of 5,900 USD/ton. The price of black and white pepper in Malaysia remained stable at 9,350 USD/ton and 12,250 USD/ton last week.
Notably, in Vietnam, export black pepper prices fell sharply by 250 USD/ton, currently at 5,850 - 5,950 USD/ton for types 500 g/l and 550 g/l.
Assessments and forecasts
The sharp decrease in export prices while domestic purchasing prices remain stable shows that export businesses are facing increasing competitive pressure in the international market, especially in the white pepper segment.
In terms of short-term vision, pepper prices are likely to continue to fluctuate in a narrow range as businesses closely monitor the developments of the export market.
However, in the long term, the trend of investing in deep processing, improving product quality and meeting increasingly strict standards of the import market will be an important driving force to help Vietnam's pepper industry improve its value and competitiveness.
