Domestic pepper prices: Maintain stability
As of 1:30 p.m. today (March 24), domestic pepper prices remain unchanged compared to the closing price of the week, currently the purchase price fluctuates between 159,000 - 160,500 VND/kg. The average pepper purchase price nationwide is at 159,500 VND/kg.
Pepper prices simultaneously set the mark of 159,000 VND/kg, the three provinces of Gia Lai, Ba Ria - Vung Tau, and Binh Phuoc remained unchanged after many sessions of alternating increases and decreases.
Meanwhile, Dak Nong province is in the leading position among provinces and cities in purchasing and selling at the highest price, with garden owners selling to the market at 160,500 VND/kg.
World pepper prices: Maintain the fluctuating threshold
According to the International Pepper Community, on trading floors, black and white pepper prices in the Indonesian market continued to plummet. Black pepper prices decreased by 0.12%, fluctuating around 7,267 USD/ton (equivalent to 187,671 VND/kg). At the same decrease, the price of white pepper was announced at 10,207 USD/ton (equivalent to 263,596 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper remains at 7,000 USD/ton.
In the Malaysian market, ASTA black and white pepper prices increased by 1.01% and 0.81%, respectively, anchored at 9,900 USD/ton and 12,400 USD/ton.
Notably, in Vietnam, the price of black pepper for export tends to be flat. The 500 g/l type is traded at 7,100 USD/ton (equivalent to 183,358 VND/kg); the 550 g/l type is currently at 7,300 USD/ton (equivalent to 188,523 VND/kg). Similarly, the price of white pepper for export also increased to 10,100 USD/ton (equivalent to 260,833 VND/kg).
In the Indian market, pepper prices remain unchanged in most pepper cultivars. Garbled pepper costs 67,200 rupees/kg, (equivalent to 207,904 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 198.622 VND/kg).
Assessment and forecast
The slight increase in pepper prices in some international markets has contributed to creating positive momentum for the domestic market to stabilize at a high level. Major pepper growing areas in the Central Highlands are entering the final stage of the crop season, with guaranteed output. Along with that, exporting enterprises continue to increase purchases to meet orders from Europe and the US.
In the short term, domestic pepper prices are expected to remain stable at a high level, with the possibility of a slight increase due to large export demand. In the international market, pepper prices may continue to increase, especially black pepper is popular in major markets.
