Domestic pepper prices: Stable after a series of alternating increases and decreases
As of 1:30 p.m. today (September 19), domestic pepper prices are stable, currently the pepper purchase price fluctuates between 155,500 - 156,000 VND/kg. The average pepper purchase price nationwide is still at 155,400 VND/kg.
Also purchased at 155,500 VND/kg are the three provinces of Gia Lai, Ba Ria - Vung Tau and Binh Phuoc.
Meanwhile, Dak Lak and Dak Nong - the two regions with the highest prices in the country - are currently listed at 156,000 VND/kg.
World pepper prices: remain unchanged, except for the Brazilian market
According to the International Pepper Community, on the trading floors, the price of black and white pepper in the Indonesian market was stable after a period of fluctuations. Black pepper prices fluctuated around 7,056 USD/ton (equivalent to 184,303 VND/kg). In the same direction, the price of white pepper reached 9,641 USD/ton (equivalent to 251,823 VND/kg).
Only increased by 0.72% in the Brazilian market, the price of ASTA 570 black pepper returned to 6,900 USD/ton.
At the time of the survey, the Malaysian market announced the prices of ASTA black and white pepper at 9,600 USD/ton and 12,100 USD/ton, respectively.
Notably, Vietnam's export black pepper prices remained unchanged after a series of high increases. The 500 g/l type is traded at 6,800 USD/ton (equivalent to 177,616 VND/kg); the 550 g/l type is currently at 6,900 USD/ton (equivalent to 180,228 VND/kg). Similarly, the price of white pepper for export fluctuates around 9,800 USD/ton (equivalent to 255,976 VND/kg).
In the Indian market, pepper prices continue to remain unchanged in most pepper cultivations. Garbled pepper costs 67,200 rupees/kg, (equivalent to 211,580 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 202,134 VND/kg).
Assessment and forecast
In Harris Spice's March report, the company said that although harvesting has begun in most areas of Vietnam, the amount of pepper released to the market is still limited, which helps support prices. In addition, demand from traders and speculators has also affected the market. Market fluctuations also make buyers cautious in trading.
This year, pepper harvesting in Vietnam is one month later due to unseasonal rain. However, in general, pepper prices may continue to fluctuate within a moderate range when Vietnam is in the harvest season. Some mitigating adjustments may occur during the peak harvest. However, this depends largely on the willingness to sell of the producer, because good coffee prices in the past year have helped them significantly increase their ability to retain goods.
