Domestic pepper prices: Stable daily supply
As of 11:30 today (May 20), the domestic pepper market is stable. Currently, the purchase price of pepper is recorded at a price of 150,000 - 153,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong are both anchored at 153,000 VND/kg, which are the areas with the highest pepper prices in the country.
Notably, Binh Phuoc and Ba Ria - Vung Tau kept the same price of 151,000 VND/kg. After a decrease of VND 1,000/kg, pepper purchasing prices in Gia Lai province recorded VND 150,000/kg.
World pepper prices: Maintain the increase
In the world market, pepper prices generally continue to remain stable in most regions. In the Indonesian market alone, black pepper prices remained at an additional price increase of 0.67% at 7,301 USD/ton (equivalent to 190,849 VND/kg); white pepper listed at 10,051 USD/ton (about 262,734 VND/kg).
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l remains unchanged at 6,700 - 6,800 USD/ton (equivalent to 175,138 - 177,752 VND/kg). ASTA white pepper prices also remain unchanged, at 9,700 USD/ton (about 253,558 VND/kg).
In the same direction, other markets such as Brazil and Malaysia did not record any fluctuations. Malaysia's white rice continues to hold the highest price globally at 11,900 USD/ton (equivalent to 311,066 VND/kg).
Assessment and forecast
Currently, domestic purchasing power is still weak, along with the "hoarding" mentality of farmers and the caution of traders, causing domestic prices to not be able to increase significantly. Some forecasts say that prices will only fluctuate slightly around 150,000 - 152,000 VND/kg in the short term, but the prospect of a medium and long-term recovery still has positive signs.
Notably, China - a market that had stagnated - has begun to buy again despite limited volumes. In addition, competitive pressure is increasing as Vietnamese pepper is subject to high taxes in the US, while countries such as Brazil and Indonesia are stepping up production expansion.
