Domestic pepper prices
As of 12:30 PM today (June 16), domestic pepper prices decreased in some growing areas, averaging 139,200 VND/kg. Currently, key areas are trading in the range of 138,000 - 140,000 VND/kg.
Domestic pepper prices decreased by 500 VND/kg in some areas, currently provinces and cities list prices as follows:
Gia Lai and Dong Nai provinces both decreased by 500 VND/kg, trading at the mark of 138,000 VND/kg. This is the lowest price of domestic pepper offered to the market.
Ho Chi Minh City maintains the price threshold of 139,500 VND/kg.
Dak Lak and Lam Dong offer for sale at purchase prices of 140,500 VND/kg and 140,000 VND/kg respectively.
World pepper price
In the world market, pepper prices are unchanged in all countries. The two items of black and white pepper in Indonesia remain unchanged, trading in the range of 7, 137 - 9, 211 USD/ton (equivalent to 188, 581 VND/kg - 243, 383 VND/kg).
Meanwhile, the Brazilian market is holding at 5,950 USD/ton (about 157,217 VND/kg). Notably, black and white Malaysian peppers 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 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 237,807 VND/kg).
Assessments and forecasts
According to the International Pepper Association (ITC), the global pepper market in the second week of June recorded mixed developments but overall remained balanced, as the domestic currency of most pepper producing countries continued to depreciate against the USD.
Although the domestic market is having a technical adjustment after the increase last week, many businesses still expect coffee prices to continue to maintain a positive trend in the short term if the international market maintains its recovery momentum.
