Domestic pepper prices: Stable
As of 11:30 today (December 19), domestic pepper prices remained unchanged compared to the closing price of the previous session, at an average of VND 147,400/kg. Currently, key areas are trading in the range of 146,500 - 148,500 VND/kg.
The provinces and cities after the same decrease of VND 1,500/kg are currently unchanged in the regions, specifically as follows:
The two provinces of Gia Lai and Dong Nai are both listed at 146,500 VND/kg.
Similarly, Ho Chi Minh City and Dak Lak are anchored at 147,500 VND/kg and 148,500 VND/kg respectively.
Lam Dong province has launched a price of 148,500 VND/kg.
World pepper prices: Extending down
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 6,977 - 9,618 USD/ton (equivalent to 184,249 VND/kg - 253,993 VND/kg), both decreasing slightly by 0.03%.
Meanwhile, the Brazilian market remained unchanged at 6,075 USD/ton (about 160,429 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 244,274 VND/kg).
Assessment and forecast
The domestic market is entering a state of tug-of-war as short-term demand weakens, while sales are still controlled.
The downward pressure is somewhat affected by the coffee market. Many businesses and agents are being more cautious in allocating capital, causing pepper purchases to stagnate. In addition, after a strong increase from the 140,000 VND/kg range, the profit-taking mentality appeared clearly, making it difficult for prices to maintain their upward momentum in the short term.
