Domestic pepper prices: Southwest slightly decreased
As of 11:30 today (16.), the domestic pepper market in Ho Chi Minh City has decreased slightly, averaging 141,600 VND/kg, down 200 VND. Currently, the price still fluctuates between 141,000 - 143,000 VND/kg.
Purchasing pepper at the lowest price is Ho Chi Minh City when this area decreased by VND 1,000/kg to VND 140,000/kg.
simultaneously listed at 141,000 VND/kg are Gia Lai and Dong Nai provinces.
Dak Lak and Lam Dong provinces continue to be the two provinces with the highest pepper purchasing prices in the country, launched on the market at 143,000 VND/kg.
According to the latest data from the Vietnam Pepper and Spices Association (VPSA), by the end of July, China ranked third in Vietnam's pepper export market with a volume of 10,982 tons, up 36.2% over the same period last year and accounting for 7.6% of total exports of the industry.
It is expected that in the last 6 months of the year, China will continue to increase imports from Vietnam but it will be difficult to repeat the massive purchase level of 2023, partly due to price competition from Indonesia - a country that has exported to China. This poses a clearer requirement for flexible prices and delivery strategies suitable for fluctuations in demand at each stage.
World pepper prices: Indonesia increases and decreases alternately
In the world market, pepper prices are mostly stable in many regions. In particular, the Indonesian exchange - one of the most vibrant markets continued to increase by 0.79%. Currently, these two items are traded between 7,232 - 10,109 USD/ton (equivalent to 191,215 VND/kg - 267,282 VND/kg).
On the other hand, the Brazilian market remained unchanged, trading at 5,850 USD/ton (about 154,674 VND/kg). Malaysia's black and white specks reached 12,500 USD/ton and 9,250 USD/ton.
In the pepper export market of Vietnam, the price of black pepper of 500 g/l and 550 g/l remains unchanged, anchored at 6,240 - 6,370 USD/ton. ASTA white pepper prices remained at 8,950 USD/ton (equivalent to 236,638 VND/kg).
* Note: Domestic pepper prices are for reference only, and may vary depending on the area and the purchasing enterprise.
