Domestic pepper prices: flat trend
As of 11:30 today (March 22), domestic pepper prices are stable, currently the purchase price fluctuates between 159,000 - 160,500 VND/kg. The average pepper purchase price nationwide is at 159,500 VND/kg.
Pepper prices simultaneously set the mark of 159,000 VND/kg, the three provinces of Gia Lai, Ba Ria - Vung Tau, and Binh Phuoc remained unchanged after many sessions of alternating increases and decreases.
Meanwhile, Dak Nong province is in the leading position among provinces and cities in purchasing and selling at the highest price, with garden owners selling to the market at 160,500 VND/kg.
World pepper prices: The market is bustling
According to the International Pepper Community, on trading floors, black and white pepper prices in the Indonesian market continue to "turn around" and fall. Black pepper prices decreased by 0.12%, fluctuating around 7,267 USD/ton (equivalent to 187,198 VND/kg). At the same decrease, the price of white pepper was announced at 10,207 USD/ton (equivalent to 262,933 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper remained at 7,000 USD/ton after a surprisingly high increase.
In the Malaysian market, ASTA black and white pepper prices increased by 1.01% and 0.81%, respectively, anchored at 9,800 USD/ton and 12,300 USD/ton.
Notably, in Vietnam, the price of black pepper for export tends to be flat. The 500 g/l type is traded at 7,100 USD/ton (equivalent to 182,896 VND/kg); the 550 g/l type is currently at 7,300 USD/ton (equivalent to 188,048 VND/kg). Similarly, the price of white pepper for export also increased to 10,100 USD/ton (equivalent to 260,176 VND/kg).
In the Indian market, pepper prices remain unchanged in most pepper cultivars. Garbled pepper costs 67,200 rupees/kg, (equivalent to 206,835 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 197,602 VND/kg).
Assessment and forecast
This year's domestic pepper harvest takes place right after the Tet holiday, with some areas lasting until March and April, 1-2 months later than previous years. Explaining why harvesting is later every year due to the impact of a prolonged drought, the pepper supply is becoming increasingly scarce. However, positive signals from the Chinese market have contributed to the increase in domestic pepper prices during the harvest season.
In the first two months of the year, pepper exports to China increased sharply by 86.6% compared to the same period last year. Although the increase has not met expectations, this is still a positive signal for the pepper industry.
