Domestic pepper prices: Maintain the price threshold
As of 11:30 today (October 23), the domestic pepper market is stable in all regions, averaging 145,400 VND/kg. Currently, the price ranges from 144,000 - 146,000 VND/kg.
Gia Lai province today listed 144,000 VND/kg. This is the lowest price in the region.
Ho Chi Minh City and Dong Nai are trading at 145,500 VND/kg.
Lam Dong and Dak Lak set the price at 146,000 VND/kg.
World pepper prices: Indonesia maintains decrease
In the world market, pepper prices are mostly stable at the end of the week. In particular, the Indonesian exchange - one of the most vibrant markets - maintained its price decline. Currently, these two items are traded between 7,229 - 10,085 USD/ton (equivalent to 190,506 VND/kg - 265,771 VND/kg).
On the other hand, the Brazilian market is flat, currently holding at 6,100 USD/ton (about 160,754 VND/kg). In the same direction, black and white pepper were stable, trading at 12,500 USD/ton and 9,500 USD/ton, respectively.
In the pepper export market of Vietnam, the price of black pepper of 500 g/l and 550 g/l is flat, anchored at 6,400 - 6,600 USD/ton. ASTA white pepper prices remain high, currently standing at 9,050 USD/ton (equivalent to 238,495 VND/kg)
Assessment and forecast
Forecasts of rains in the Central Highlands region due to the impact of storm No. 12 are causing concern for the market. At this time, the large amount of water and high air humidity directly affect the growth and development of pepper farms. This is the period when the plant is susceptible to pests and diseases, directly affecting the plant's growth.
