Domestic pepper prices: flat trend
As of 11am today (September 13), the domestic pepper market has remained unchanged after a series of fluctuations. Currently, the pepper purchase price is recorded at 139,000 - 140,000 VND/kg.
The provinces and cities in key regions are mostly at 139,000 VND/kg, except for Dak Lak province.
World pepper prices: Indonesia continues to increase
In the world market, pepper prices have remained largely stable. However, the Indonesian exchange - one of the busiest markets continues to increase. Currently, these two items are listed at 7,526 USD/ton; increased by 0.17% (equivalent to 197,257 VND/kg); white pepper increased by 0.18%, listed at 10,167 USD/ton (about 266,478 VND/kg).
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l remains fluctuating between 6,300 - 6,400 USD/ton. ASTA white pepper prices reached 9,300 USD/ton (equivalent to 243,753 VND/kg).
The Brazilian exchange remained unchanged, with pepper prices in this region currently at 6,175 USD/ton (about 161,847 VND/kg). Similarly, the Malaysian market continued to move sideways. Malaysia's white rice continues to hold the highest price globally at 11,850 USD/ton (equivalent to 310,589 VND/kg).
Assessment and forecast
World pepper prices in early June in most key countries decreased. In particular, the exchange in Indonesia has continuously increased.
According to the Import-Export Department (Ministry of Industry and Trade), April is the period when the spice market in general and pepper in particular are the busiest of the year. However, this year, the world pepper market is sluggish as trade tensions increase. Low import demand from many countries and unclear tariffs make businesses cautious when signing contracts.
In the short term, domestic pepper prices are forecast to stabilize or decrease slightly due to unstable export demand and tight supply.
