Domestic pepper prices
As of 1 pm today (June 24), domestic pepper prices maintained a high price threshold, averaging 138,000 VND/kg. Currently, key areas are trading in the range of 137,000 - 139,000 VND/kg.
Domestic pepper prices remain unchanged after a 500 VND/kg increase, currently listed in provinces and cities as follows:
Gia Lai province trades at the threshold of 137,000 VND/kg. This is the lowest price of domestic pepper offered to the market.
Dong Nai province and Ho Chi Minh City maintain a price of 137,500 VND/kg.
Dak Lak and Lam Dong both offer for sale at a purchase price of 139,000 VND/kg.
World pepper price
In the world market, pepper prices increased and decreased interspersed in some countries. The two items of black and white pepper in Indonesia are no exception, trading in the range of 7,158 - 9,301 USD/ton (equivalent to 189,315 VND/kg - 245,993 VND/kg), down 17 USD/ton and up 41 USD/ton.
Meanwhile, the price of black pepper in Brazil increased by another 50 USD/ton, selling to the market at a price of 5,900 USD/ton (about 156,044 VND/kg). Notably, black and white pepper in Malaysia are still trading at high prices, respectively 12,250 USD/ton and 9,350 USD/ton.
In Vietnam's pepper export market, the price of black peppers of 500 g/l and 550 g/l remained unchanged at 6,100 - 6,200 USD/ton. In the same direction, ASTA white pepper price offered for sale at 9,000 USD/ton (equivalent to 238,032 VND/kg).
Assessments and forecasts
According to the International Pepper Corporation (IPC), the global pepper market in the third week of June showed mixed reactions but was generally balanced. In most major pepper producing countries, the domestic currency recorded an average price increase against the USD, creating a supporting foundation for the domestic market and contributing to maintaining stable trading conditions.
In the domestic market, pepper prices have increased for 2 consecutive days, however, the highest price threshold cannot exceed 140,000 VND/kg. Currently, demand from import markets and positive trading sentiment are still important supporting factors for the pepper industry.
