Domestic pepper prices
As of 11:30 AM today (July 14), domestic pepper prices suddenly increased, continuing to be listed at 138,200 VND/kg. Currently, key areas are trading in the range of 136,500 - 140,000 VND/kg.
Domestic pepper prices rebounded after 4 consecutive days of unchanged prices. Currently, provinces and cities list prices as follows:
Gia Lai and Dong Nai simultaneously increased by an additional 2,000 VND/kg, listed at 136,500 VND/kg and 137,000 VND/kg respectively.
In the same direction, Ho Chi Minh City traded at the 137. 500 VND/kg mark, an increase of 2,500 VND/kg.
Notably, Lam Dong and Dak Lak offered for sale at the highest purchase price in the whole region of 140,000 VND/kg, an increase of 3,000 VND/kg.
World pepper price
In the world market, pepper prices remain unchanged. Indonesian black pepper and white pepper are no exception, trading in the range of 7,079 - 9,198 USD/ton (equivalent to 187,311 VND/kg - 243,380 VND/kg).
Meanwhile, the price of black pepper in Brazil remained unchanged at the market selling price of 5,900 USD/ton (about 156. 114 VND/kg). Notably, black and white pepper in Malaysia are still trading at high prices, respectively 12,250 USD/ton and 9,350 USD/ton.
In Vietnam's pepper export market, the price of black peppers of 500 g/l and 550 g/l is currently at 5,850 - 5,950 USD/ton. In the same direction, ASTA white pepper is offered for sale at 8,200 USD/ton (equivalent to 216,972 VND/kg).
Assessments and forecasts
In the short term, pepper prices are forecast to continue to fluctuate in a narrow range if new factors from the export market or global supply do not appear.
In recent years, Vietnam has not only maintained its position as the world's largest pepper exporter but has also become an important processing center for this item.
Importing raw materials from multinationals has helped businesses proactively source supplies, diversify products and meet different standards from international customers. Vietnam's pepper value chain is increasingly expanding, with a focus on production, processing and global trade.
