Domestic pepper prices: Unexpected increase
As of 11:30 today (8.21), the domestic pepper market fluctuated after a series of days of stagnation, averaging 142,600 VND/kg. Currently, the price still ranges from 141,000 - 144,000 VND/kg.
Purchasing pepper at the lowest price is Dong Nai, reaching 141,000 VND/kg, an increase of 1,000 VND/kg.
Gia Lai province pushed the price to 1,000 VND/kg, announcing the pepper price at 142,000 VND/kg.
Ho Chi Minh City increased by VND 2,000/kg, while Lam Dong province did not change the purchase price. Currently, these two areas are both being sold on the market at 143,000 VND/kg.
Notably, Dak Lak is the province with the highest pepper purchasing price in the country at 144,000 VND/kg.
At present, most of the pepper fields in the Central Highlands and Southeast provinces have been harvested in previous months, and the amount of goods brought to the market is no longer as abundant as at the peak of the crop.
Farmers, after selling a part to cover production costs, now tend to hoard and wait for better prices. Meanwhile, dealers and exporting enterprises also do not have much inventory, so downward pressure is unlikely to occur.
World pepper prices: The only price drop in Indonesia
In the world market, pepper prices have stable trading sessions in many regions. The Indonesian exchange - one of the most vibrant markets - suddenly reversed. Currently, these two items are traded between 7,173 - 10,027 USD/ton (equivalent to 190,085 VND/kg - 265,716 VND/kg).
In the same direction, the Brazilian market remained unchanged, trading at 5,850 USD/ton (about 155,025 VND/kg). Malaysia's black and white stocks reached 12,700 USD/ton and 9,400 USD/ton.
In the pepper export market of Vietnam, the price of black pepper of 500 g/l and 550 g/l remains the same, anchored at 6,240 - 6,370 USD/ton. ASTA white pepper prices remained at 8,950 USD/ton (equivalent to 237,175 VND/kg).
* Note: Domestic pepper prices are for reference only, and may vary depending on the area and the purchasing enterprise.
