Domestic pepper prices
As of 11:30 am today (August 21), domestic pepper prices continued to be flat, listed at 137,000 VND/kg. Currently, key areas are trading in the range of 136,000 - 139,000 VND/kg.
Domestic pepper prices recorded the 6th consecutive day of maintaining a price range below the threshold of 140,000 VND/kg. Currently, provinces and cities list the domestic pepper prices as follows:
Dong Nai and Ho Chi Minh City simultaneously listed at the mark of 136,000 VND/kg.
Similarly, Dak Lak and Lam Dong respectively offered for sale at the highest purchase price in the whole region of 138,000 VND/kg and 139,000 VND/kg.
World pepper price
In the world market, pepper prices are unchanged in all countries. Indonesia's black and white peppers are no exception, trading in the range of 6,851 - 9,380 USD/ton (equivalent to 180,867 VND/kg - 247,632 VND/kg).
Similarly, the price of Brazilian black pepper sold to the market is 5,900 USD/ton (about 155,760 VND/kg). However, black and white Malaysian pepper still maintain the same price range, trading at high prices, respectively 12,200 USD/ton and 9,300 USD/ton.
Notably, in Vietnam's pepper export market, black pepper prices of 500 g/l and 550 g/l are traded at 5,990 - 6,050 USD/ton. ASTA white pepper is offered for sale at 8,400 USD/ton (equivalent to 221,760 VND/kg).
Assessments and forecasts
The domestic and international pepper markets are recording notable developments in supply and demand structure and export value. While domestic prices have maintained a balanced state around 136,000 - 139,000 VND/kg for many days, Vietnam's export activities have shown a breakthrough in value thanks to a strategy focused on deep processed product lines.
According to purchasing businesses, the domestic pepper supply is no longer abundant because most of the output has been consumed since the beginning of the season.
However, because purchasing power in the market has not shown signs of a sudden increase, prices mainly fluctuate within a narrow range. In case the export market does not see new drivers, this stable trend will continue in the short term.
