Domestic pepper prices: Unexpectedly stable
As of 11:30 today (September 17), the domestic pepper market has stabilized after a series of declines. Currently, the price of pepper is recorded at 138,000 - 140,000 VND/kg.
Listing the price at 138,000 VND/kg is Gia Lai province, unchanged from the previous session's closing price.
Pepper prices in Dong Nai and Ho Chi Minh City are moving sideways, anchored at 139,000 VND/kg.
In the same direction, Dak Lak and Lam Dong province stood at 140,000 VND/kg. These are the 2 provinces listing the highest domestic pepper prices in the country.
World pepper prices: Mixed developments
In the world market, pepper prices have dropped in some regions. The Indonesian exchange - one of the most vibrant markets - also reversed and decreased in price. Currently, these two items are traded between 7,222 - 10,066 USD/ton (equivalent to 190,156 VND/kg - 265,038 VND/kg).
The Brazilian exchange remained unchanged after a sharp decline, the region is currently at 5,750 USD/ton (about 151,398 VND/kg). Meanwhile, Malaysia's black and white pepper remained at 11,750 USD/ton and 8,900 USD/ton.
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l is stable, currently anchored at 6,440 - 6,570 USD/ton. ASTA white pepper prices reached 9,150 USD/ton (equivalent to 240,920 VND/kg).
*Note: Domestic pepper prices are for reference only, and may vary depending on the area and the purchasing enterprise.
