Domestic pepper prices: Maintain the increase
As of 11:30 today (December 24), domestic pepper prices have maintained an increase, averaging VND 148,600/kg. Currently, key areas are trading in the range of 147,500 - 149,500 VND/kg.
Provinces and cities maintained a slight increase of VND 500/kg in the regions, specifically as follows:
Gia Lai province traded at 147,500 VND/kg.
Ho Chi Minh City and Dong Nai are both listed at VND 148,500/kg.
Similarly, Lam Dong and Dak Lak are anchored at 149,500 VND/kg.
World pepper prices: Lower prices in Indonesia
In the world market, pepper prices are stable in most regions. The Indonesian exchange - one of the most vibrant markets continues to decline. Currently, these two items are traded between 6,802 - 9,167 USD/ton (equivalent to 179,594 VND/kg - 242,037 VND/kg).
Meanwhile, the Brazilian market remained unchanged at 6,075 USD/ton (about 160,399 VND/kg). In the same direction, black and white pepper traded at 12,000 USD/ton and 9,000 USD/ton.
Notably, in the Vietnamese pepper export market, the price of 500 g/l and 550 g/l black pepper remains in the price range of 6,500 - 6,700 USD/ton. ASTA white pepper prices are currently at 9,250 USD/ton (equivalent to 244,228 VND/kg).
Assessment and forecast
Many factors may contribute to this slight price increase. One of them is the recovery of export activities in the first half of December.
The psychology of farmers waiting for prices to increase also contributes to reducing supply in the market. However, it is necessary to closely monitor the situation to assess whether this is a sustainable trend or just a short-term fluctuation.
With initial positive signals, the domestic pepper market may continue to maintain a slight growth momentum in the coming time. However, it is necessary to pay attention to risk factors such as fluctuations in the world market, trade policies and weather conditions.
