Domestic pepper prices: Maintain a state of price decline
As of 11:30 today (October 15), the domestic pepper market is in the red, averaging 145,900 VND/kg. Currently, the price ranges from 144,500 - 147,000 VND/kg.
Gia Lai province today listed 145,500 VND/kg. This is still the lowest price in the region.
Ho Chi Minh City and Dong Nai after the day decreased by 2,000 - 3,000 VND/kg, currently trading at 145,000 VND/kg and 146,000 VND/kg.
Lam Dong and Dak Lak set the price of 147,000 VND/kg.
World pepper prices: Interspersed with green and red
In the world market, pepper prices are mostly stable. In particular, the Indonesian exchange - one of the most vibrant markets - continued to increase slightly. Currently, these two items are traded between 7,234 - 10,093 USD/ton (equivalent to 190,754 VND/kg - 266,143 VND/kg), an increase of 0.01% - 0.02%.
On the other hand, the Brazilian market depreciated 1.64%, remaining at 6,100 USD/ton (about 160,851 VND/kg). In the same direction, black and white pepper were stable, trading at 12,500 USD/ton and 9,500 USD/ton, respectively.
In the pepper export market of Vietnam, the price of black pepper of 500 g/l and 550 g/l is stable, anchored at 6,600 - 6,800 USD/ton. ASTA white pepper prices remain high, currently standing at 9,250 USD/ton (equivalent to 243,914 VND/kg).
Assessment and forecast
According to the Vietnam Pepper and Spices Association (VPSA), export demand to major markets such as China, India and Europe remains stable. However, the buying speed has slowed somewhat because importers want to wait for lower price adjustments.
Vietnam's average export export price to China is up to 7,212 USD/ton, up 51.7% over the same period last year. At the same time, it is significantly higher than the average price of 6,363 USD/ton (up 37.7%) of Indonesia and 4,375 USD/ton (up 30.2%) of Brazil.
In the domestic market, the inventory of growers is not large, but purchasing power is temporarily weak due to waiting mentality. The market is currently in a stagnant phase, as both buyers and sellers are exploring the next developments.
