Domestic pepper prices: Stable
As of 11:30 am today (May 13), domestic pepper prices remained stable after the increase in some areas, averaging 143.100 VND/kg. Currently, key areas are trading in the range of 141.500 - 144,000 VND/kg.
Currently, the listed price areas are as follows:
Gia Lai province trades at the milestone of 141. 500 VND/kg.
Dong Nai and Binh Phuoc after an increase of 500 VND/kg, listed at a price of 143,000 VND/kg.
Meanwhile, Dak Lak and Lam Dong continued to remain unchanged, successively offering for sale at the highest purchase price of 144,000 VND/kg.
World pepper prices: Increase and decrease intertwined
In the world market, pepper prices are mostly stable in countries. The two items of black and white pepper in Indonesia "turned down", trading in the range of 7.042 - 9.234 USD/ton (equivalent to 185. 761 VND/kg - 243. 584 VND/kg), respectively down 40 USD/ton and 43 USD/ton.
The Brazilian market unexpectedly increased sharply by 100 USD/ton, listed at 6,250 USD/ton (about 164,869 VND/kg). Meanwhile, black and white peppers remained unchanged, trading at 12,200 USD/ton and 9,300 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 237,411 VND/kg).
Assessments and forecasts
The current domestic price level is still assessed as quite positive for pepper growers after a long period of market difficulties due to surplus supply and low prices.
According to the Vietnam Pepper and Spice Association (VPSA), the overall picture of the entire pepper and spice industry in the first 4 months of the year shows a fairly positive growth momentum, in which growth in volume is higher than growth in value, reflecting that exports have been strongly expanded in terms of commodity scale, but the growth rate of turnover has not been fully corresponding because the export prices of some commodity groups have not increased evenly.
