Domestic pepper prices: Maintain the increase
As of 11:30 today (December 17), domestic pepper prices remained unchanged at the closing price of the previous session, averaging VND 148,900/kg. Currently, key areas are trading in the range of 148,000 - 150,000 VND/kg.
The provinces and cities maintained an increase of 500-1,000 VND/kg, the price list on the market for specific regions is as follows:
The two provinces of Gia Lai and Dong Nai are both listed at 148,000 VND/kg.
Similarly, Ho Chi Minh City and Dak Lak are anchored at 148,500 VND/kg and 150,000 VND/kg respectively.
Lam Dong province recorded the strongest increase of VND 1,000/kg after the day, continuing to launch a price of VND 150,000/kg.
World pepper prices: Maintain the decline
In the world market, pepper prices continue to fluctuate in some regions. The Indonesian exchange - one of the busiest markets continues to fall. Currently, these two items are traded between 6,979 - 9,621 USD/ton (equivalent to 184,232 VND/kg - 253,976 VND/kg), down slightly by 0.14% and 0.15%.
Meanwhile, the Brazilian market remained unchanged at 6,075 USD/ton (about 160,368 VND/kg). In the same direction, black and white pepper traded at 12,000 USD/ton and 9,000 USD/ton.
Notably, in the Vietnamese pepper export market, the price of 500 g/l and 550 g/l black pepper remains in the price range of 6,500 - 6,700 USD/ton. ASTA white pepper prices are currently at 9,250 USD/ton (equivalent to 244,182 VND/kg).
Assessment and forecast
Looking at the developments in recent days of inland pepper, experts believe that there are 2 main factors. First, short-term profit-taking pressure. After a series of hot increases that have caused prices from VND 140,000 to over VND 150,000/kg in a short time, selling pressure to realize profits is inevitable.
Many small speculators and farmers who need cash to cover year-end expenses have taken advantage of selling when prices peak, creating local supply that causes prices to turn around and adjust.
Second, the psychological impact of the coffee market. The "free fall" of coffee prices, losing the mark of VND95,000/kg, has more or less affected the general sentiment of the agricultural product market.
Some agents operating in parallel with both coffee and pepper products are forced to restructure capital flows, limit purchases in consumption to handle losses or risks from coffee, causing demand to temporarily weaken.
