Domestic pepper prices: Adjusted down
As of 11:30 am today (January 15), domestic pepper prices have decreased in all areas, averaging 150,100 VND/kg. Currently, key areas are trading in the range of 148,500 - 151,000 VND/kg.
After a day of standing still, the pepper price list for specific areas is as follows:
Dong Nai and Gia Lai provinces both decreased by 500 VND/kg, listed at prices of 148,500 VND/kg and 150,000 VND/kg respectively.
Ho Chi Minh City decreased by up to 1,000 VND/kg, anchored at the threshold of 150,000 VND/kg.
Despite different price adjustments, decreasing in the range of 500-1,000 VND/kg, Dak Lak and Lam Dong are still the two provinces with the highest prices. Currently, these 2 regions put on the market at the milestone of 151,000 VND/kg.
World pepper prices: Slight increase
In the world market, consumer prices fluctuate in countries. The Indonesian exchange - one of the most vibrant markets - "turned around" to raise prices. These two items are traded in the range of 6,567 - 9,123 USD/ton (equivalent to 173,310 VND/kg - 240,766 VND/kg), respectively slightly increasing by 1 USD/ton and 2 USD/ton.
Meanwhile, the Brazilian market remained unchanged at a decrease of 50 USD/ton, standing at 6,100 USD/ton (about 160,986 VND/kg). In the opposite direction, black and white pepper continued to remain unchanged, trading at 12,000 USD/ton and 9,000 USD/ton.
Notably, in Vietnam's pepper export market, black pepper prices of 500 g/l and 550 g/l traded in the price range of 6,600 - 6,800 USD/ton. At the same increase, ASTA white pepper price still stood at 9,350 USD/ton (equivalent to 246,756 VND/kg).
Perspectives and forecasts
According to the International Pepper Corporation (IPC), in the second trading week of the year, the global pepper market recorded uneven price movements between producing countries. In general, market conditions are still relatively stable, and fluctuations mainly stem from supply characteristics and harvest progress in each region.
In the context of the strong USD price increase, it has created pressure on the commodity market in general and pepper in particular.
Vietnam's pepper export prices maintained their upward momentum while prices in some other countries slightly adjusted down, the global pepper market is entering a clear differentiation stage. With the advantage of stable quality and traceability, Vietnamese pepper is expected to continue to maintain its competitiveness.
