Domestic pepper prices: Slight decrease
As of 11:30 am today (April 22), domestic pepper prices suddenly adjusted after a simultaneous increase, averaging 141,000 VND/kg. Currently, key areas are trading in the range of 140,000 - 142,000 VND/kg.
Domestic pepper prices decreased intermittently in some areas. Currently, the listed prices in the areas are as follows:
Three provinces, Gia Lai, Dong Nai and Ho Chi Minh City, decreased in the range of 1,000 VND/kg and 500 VND/kg, respectively anchored at the thresholds of 140,000 VND/kg and 140,500 VND/kg.
Meanwhile, Dak Lak and Lam Dong continue to be the 2 provinces offering the highest purchase price in the country with a price of 142,000 VND/kg.
World pepper prices: Indonesia increases prices
In the world market, pepper prices are mostly stable in countries. The two items of black and white pepper in Indonesia increased slightly, trading in the range of 7,062 - 9,304 USD/ton (equivalent to 186. 134 VND/kg - 245. 226 VND/kg), increasing by 14 USD/ton and 18 USD/ton respectively.
The Brazilian market is listed at 6,000 USD/ton (about 158.142 VND/kg). Notably, black and white peppers remain unchanged, trading at 12,200 USD/ton and 9,300 USD/ton.
In Vietnam's pepper export market, the price of black pepper of 500 g/l and 550 g/l remains unchanged at 6,100 - 6,200 USD/ton. In the same direction, ASTA white pepper is offered for sale at 9,000 USD/ton (equivalent to 237.213 VND/kg).
Assessments and forecasts
On the international front, a report from the International Pepper Corporation (IPC) shows contrasting colors in the 3rd week of April. In Indonesia, the green color continued to be maintained thanks to the push from the scarcity of black pepper supply. Notably in the Indian market, despite pressure from the Rupee depreciating by 1% against the USD, pepper prices in this country still reversed the impressive growth flow, reflecting extremely persistent domestic purchasing power.
Meanwhile, the synergy between the global consumption demand that is recovering positively and the expectations of speculators, helps Vietnamese pepper maintain its position even though export prices are still in a waiting state.
