Domestic pepper prices: Extending the series of days of decline
As of 1:30 p.m. today (February 14), domestic pepper prices continued to decrease compared to the previous trading session, an average decrease of VND 1,000/kg per session, currently the purchase price fluctuates between VND 157,000 - VND 160,000/kg. The average pepper purchase price nationwide today is 158,400 VND/kg.
Binh Phuoc and Gia Lai are the two provinces with the lowest pepper purchases in the country, both decreasing by VND 2,000/kg, setting the price of VND 157,000/kg.
Purchasing at higher pepper prices, Ba Ria - Vung Tau put it on the market at 158,000 VND/kg, down 1,000 VND/kg.
Dak Lak and Dak Nong both hold the position of the two provinces with the highest pepper purchasing prices in the country, currently garden owners in this area sell them on the market at 160,000 VND/kg.
World pepper prices: Reversing to "increase"
According to the International Pepper Community, on the exchanges, black and white pepper prices in the Indonesian market moved in the same direction. Black pepper prices increased slightly by 0.1%, standing at 7,258 USD/ton (equivalent to 185.805 VND/kg), the white pepper market increased by 0.09%, listed at 10,019 USD/ton (equivalent to 256.487 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper is trading at 6,800 USD/ton.
In the Malaysian market, ASTA black and white pepper prices remained unchanged, anchored at 9,000 USD/ton and 11,600 USD/ton, respectively.
In Vietnam, black pepper prices for export remained unchanged, with 500 g/l traded at 6,500 USD/ton (equivalent to 166,400 VND/kg); 550 g/l at 6,650 USD/ton (equivalent to 170,240 VND/kg). Similarly, the price of white pepper for export is at 9,550 USD/ton (equivalent to 244.480 VND/kg).
In the Indian market, pepper prices continue to be covered in green, remaining at an increase of 200 rupees/kg in most types of pepper. Garbled pepper costs 67,800 rupees/kg, (equivalent to 205.821 VND/kg), Ungarbled is listed at 65.800 rupees/kg, while gram/liter has the lowest price of 64,800 rupees/kg (exchanged at 196.714 VND/kg).
Assessment and forecast
After a series of high increases, domestic pepper prices have been adjusted down for 3 consecutive days. The demand from the Chinese market for white pepper and green pepper to extract from the Indian market is quite good. Other markets such as the US and EU are also participating in black pepper purchases with both long-term and spot orders.
In the country, at this time, farmers in localities are focusing on harvesting pepper. Garden owners are excited because pepper prices are at a high level. This has motivated people to continue to invest, take care of pepper gardens, and improve product quality. However, the productivity of the gardens of some areas has decreased due to the impact of the weather.
In addition, in the past, most farmers, after harvesting pepper, had to deposit all their products with agents and companies, so they were forced to pay. In recent years, farmers who have finished harvesting will dry at home, avoiding the situation of being forced to price, thereby selling prices higher when the time is right.
