Domestic pepper prices: All remained unchanged
As of 12:30 today (6, 24), the domestic pepper market continues to be stable. Currently, the purchase price of pepper is recorded at 123,000 - 125,000 VND/kg.
Key provinces and cities such as Ba Ria - Vung Tau, Binh Phuoc and Gia Lai are anchored at 123,000 VND/kg. Meanwhile, Dak Lak and Dak Nong provinces both purchased at 125,000 VND/kg today, unchanged from the previous session.
World pepper prices: Developments in the same direction
In the world market, pepper prices are moving in the same direction as domestic pepper. The Indonesian exchange - one of the most vibrant markets is no exception. Currently, these two items are listed at 7,452 USD/ton (equivalent to 196,063 VND/kg). In the same direction, white pepper is currently listed at 10,066 USD/ton (about 264,837 VND/kg).
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l fluctuated sideways, fluctuating between 6,000 - 6,100 USD/ton. ASTA white pepper prices reached 9,000 USD/ton (equivalent to 236,790 VND/kg).
The Brazilian exchange rate is stable, this region is currently at 6,050 USD/ton (about 159,176 VND/kg). Meanwhile, Malaysia's black and white pepper remained at 11,750 USD/ton and 9,000 USD/ton.
Assessment and forecast
Based on the sideways trend of domestic pepper prices, this trend is expected to continue to be maintained in the coming time. However, factors such as export demand and weather impacts will continue to affect the direction of pepper prices. Notably, if the harvest season is highly productive and the supply is abundant, pepper prices may decrease slightly.
