Domestic pepper prices: Rise
As of 1 pm today (February 23), domestic pepper prices have increased, averaging 150.600 VND/kg. Currently, key areas are trading in the range of 149.500 - 152,000 VND/kg.
Areas simultaneously increased by 1,000 VND/kg, currently the pepper price list of provinces and cities is as follows:
Gia Lai and Dong Nai are anchored at the threshold of 149.500 VND/kg.
Lam Dong and Dak Lak traded highest at the mark of 152,000 VND/kg.
Ho Chi Minh City put it on the market at a price of 150,000 VND/kg.
World pepper prices: Slight adjustment
In the world market, pepper prices fluctuated slightly. The Indonesian exchange - one of the most active markets - continued to increase. These two items traded in the range of 6,883 - 9,226 USD/ton (equivalent to 180,060 VND/kg - 241,353 VND/kg).
The Brazilian market increased slightly by 25 USD/ton, listed at 6.125 USD/ton (about 160. 230 VND/kg). Notably, black and white peppers maintained an increase of 100 USD/ton, trading at 12. 100 USD/ton and 9. 100 USD/ton.
In Vietnam's pepper export market, the price of black pepper of 500 g/l and 550 g/l is maintained at 6,400 - 6,600 USD/ton. ASTA white pepper price continues to be offered for sale at 9,150 USD/ton (equivalent to 239. 364 VND/kg).
Assessments and forecasts
After a period of temporary cooling down in purchasing activities and stagnant exports before and during the Lunar New Year holiday, the domestic pepper market has begun to fluctuate again. The supply circulating in the market has many changes, helping the price level to be pushed up.
The harvest season in Vietnam started in early January in Lam Dong province, other localities are expected to enter peak season after the Tet holiday. However, some areas recorded prolonged rain and came about 1 month earlier than usual, affecting the yield and quality of pepper in the new crop year.
