Domestic pepper prices: Trend of price retention
As of 1:30 PM today (May 2), domestic pepper prices maintained a high price range during holidays, averaging 142,600 VND/kg. Currently, key areas are trading in the range of 140,500 - 144,000 VND/kg.
Domestic pepper prices remain flat, currently the listed prices in regions are as follows:
Gia Lai province trades at the threshold of 140,500 VND/kg.
Dong Nai and Ho Chi Minh City respectively anchored at the thresholds of 142,500 VND/kg and 142,000 VND/kg.
Dak Lak and Lam Dong offer for sale at a purchase price of 14,000 VND/kg.
Compared to last week, domestic pepper prices have increased to 2,000 - 2,500 VND/kg, reaching 145,000 VND/kg.
World pepper prices: Indonesia slides
In the world market, pepper prices remained unchanged in most countries. The two items of black and white pepper in Indonesia reversed to decrease, trading in the range of 6,966 - 9,206 USD/ton (equivalent to 183,680 VND/kg - 242,006 VND/kg), down 22 USD/ton and 28 USD/ton respectively.
The Brazilian market maintained an increase of 100 USD/ton, listed at 6,100 USD/ton (about 16,845 VND/kg). Meanwhile, black and white pepper remained unchanged, trading at 12,200 USD/ton and 9,300 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 237,312 VND/kg).
Assessments and forecasts
In the coming time, domestic pepper prices are forecast to continue to remain stable in the current high zone. However, for the market to break through, more impetus is needed from import demand in major markets such as the US, Europe and the Middle East.
In addition, factors such as exchange rates, logistics costs and global economic developments will also directly affect export prices.
In general, the pepper market is in a stable phase, with high and stable prices. Growth prospects are still present, but more clear signals from consumer demand are needed to create a new boost for prices.
