Domestic pepper prices: Maintain price range
As of 11:30 am today (May 1), domestic pepper prices suddenly stood still after a high increase, averaging 142,600 VND/kg. Currently, key areas are trading in the range of 140,500 - 144,000 VND/kg.
Domestic pepper prices have maintained an increase in the past 2 days, currently the listed prices in regions are as follows:
Gia Lai province trades at the threshold of 140,500 VND/kg.
Dong Nai and Ho Chi Minh City respectively anchored at the thresholds of 142,500 VND/kg and 142,000 VND/kg.
Dak Lak and Lam Dong offer for sale at a purchase price of 14,000 VND/kg.
World pepper prices: Stable
In the world market, pepper prices are stable in all countries. The two items of black and white pepper in Indonesia are unchanged, trading in the range of 6,988 - 9,206 USD/ton (equivalent to 184,260 VND/kg - 242,744 VND/kg).
The Brazilian market maintained an increase of 100 USD/ton, listed at 6,100 USD/ton (about 16,845 VND/kg). Meanwhile, black and white pepper 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 237,312 VND/kg).
Assessments and forecasts
The domestic pepper market has just recorded a strong wave of price increases right on the first day of May. This is the highest price milestone in more than a month, showing the market's sensitive response when the supply from the main harvest season just ended has begun to show signs of depletion.
The deep decrease in stockpiled goods among the people while export units are still urgently collecting to repay orders has created a natural price increase pressure, helping domestic pepper prices maintain their upward momentum despite fluctuations from the international financial market.
