Domestic pepper prices: A quiet week
As of 11:30 AM today (May 23), domestic pepper prices recorded a quiet week, averaging 140,800 VND/kg. Currently, key areas are trading in the range of 139,000 - 142,000 VND/kg.
Domestic pepper prices remained unchanged for the 5th consecutive day, currently the listed prices in regions are as follows:
Gia Lai province traded at the 13,900,000 VND/kg mark.
Dong Nai and Binh Phuoc respectively listed prices at 141,000 VND/kg and 140,000 VND/kg.
Meanwhile, Dak Lak and Lam Dong offered for sale at the highest purchase price of 142,000 VND/kg.
World pepper prices: Indonesia reverses downward trend
In the world market, pepper prices are mostly stable in countries. Especially black and white peppers in Indonesia reversed downwards, trading in the range of 6,979 - 9,151 USD/ton (equivalent to 184,176 VND/kg - 241,495 VND/kg), down 71 USD/ton and 93 USD/ton respectively.
The Brazilian market maintained an increase of 100 USD/ton, listed at 6,250 USD/ton (about 164,938 VND/kg). Notably, black and white peppers in the same direction maintained an increase of 50 USD/ton, trading at 12,250 USD/ton and 9,350 USD/ton.
In Vietnam's pepper export market, the price of black pepper of 500 g/l and 550 g/l remains 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 237.510 VND/kg).
Assessments and forecasts
In many key growing areas, household psychology has changed significantly when they proactively reduced sales volume, switching to a stockpiling state with the expectation that the market will establish a new price level after the crop season ends.
Commenting on the trend in the coming time, experts believe that selling pressure from Vietnam will decrease sharply because the inventory in the growing garden is no longer large. Along with that, the global trade flow is still facing some major barriers from high sea transport costs and geopolitical instability in the Middle East, requiring export businesses to have flexible strategies.
