Domestic pepper prices: Maintain a stable state
As of 11:30 today (December 20), domestic pepper prices are stable, averaging 147,400 VND/kg. Currently, key areas are trading in the range of 146,500 - 148,500 VND/kg.
The provinces and cities remain 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: Developments in the same direction
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 trading between 6,977 - 9,618 USD/ton (equivalent to 184,249 VND/kg - 253,993 VND/kg), all of which are still below a slight decrease of 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 pepper market is under pressure due to declining supply in many large producing countries, in which Vietnam still plays an important role in the supply chain. Unfavorable weather and the shrinking pepper growing area during the previous low price period are directly affecting current productivity and output.
Vietnam's pepper output is currently estimated at 190,000 tons, bringing the total global output to 520,000 tons, lower than the stable consumption demand of the world market and continuing to create a supporting foundation for pepper prices in the medium and long term.
