Domestic pepper prices: Rise again
As of 11:30 am today (March 13), domestic pepper prices have decreased compared to the closing session yesterday, averaging 144,900 VND/kg. Currently, key areas are trading in the range of 143,500 - 146,500 VND/kg.
Domestic pepper prices continue to decline deeply, specifically as follows:
Gia Lai and Ho Chi Minh City provinces both increased by 1,500 VND/kg, respectively listed at 143,500 VND/kg and 144,500 VND/kg.
Dak Lak and Dong Nai recorded an increase of 20,000 VND/kg compared to the previous closing session, offering the market prices of 146,000 VND/kg and 146,50 VND/kg.
Notably, Lam Dong province increased the highest by 2,500 VND/kg, maintaining at the threshold of 146,500 VND/kg.
World pepper prices: Reverse downwards
In the world market, pepper prices suddenly slipped. The Indonesian exchange - one of the most vibrant markets is no exception. Black and white peppers traded in the range of 7,029 - 9,306 USD/ton (equivalent to 184,962 VND/kg - 244,879 VND/kg), down 13 USD/ton and 17 USD/ton respectively.
The Brazilian market maintained an increase of 50 USD/ton, listed at 6,100 USD/ton (about 16,516 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, the price of black peppers of 500 g/l and 550 g/l slightly decreased by 100 USD/ton, hovering at the mark of 6,300 - 6,400 USD/ton. Meanwhile, the price of ASTA white pepper remained unchanged, offered for sale at 9,050 USD/ton (equivalent to 238,142 VND/kg).
Assessments and forecasts
Impact from the Middle East conflicts on the prices of some key agricultural products of Vietnam, including pepper. Before the Middle East conflict, pepper prices in the Central Highlands and Southeast were at nearly 150,000 VND/kg. After geopolitical tensions, pepper prices tend to alternate between increases and decreases.
Many businesses are stockpiling or temporarily stopping pepper purchases to update the level of impact on the world pepper market. The sharp increase in energy prices is also a major reason affecting the fluctuations in pepper prices in recent days.
