Domestic pepper prices: Rising prices in some areas
As of 11:30 today (November 25), the domestic pepper market continued to increase in price, averaging 148,500 VND/kg. Currently, the price ranges from 148,000 - 149,000 VND/kg.
Key areas have increased by 200-500 VND/kg. The price list on the market in key areas is as follows:
Dong Nai continues to increase by 500 VND/kg, bringing to the market a price of 148,000 VND/kg, equal to the price in Ho Chi Minh City. These are also areas with the lowest prices.
In the same direction, Gia Lai traded around VND 148,500/kg, up slightly by VND 200/kg.
Dak Lak and Lam Dong provinces remained unchanged compared to the previous trading session, setting the mark of 149,000 VND/kg.
World pepper prices: flat trend
In the world market, pepper prices are mostly stable in the regions. The Indonesian exchange - one of the most vibrant markets - kept its price level unchanged. Currently, these two items are traded between 7,104 - 9,673 USD/ton (equivalent to 187,553 VND/kg - 255,377 VND/kg).
On the other hand, the Brazilian market has maintained a stable streak, currently holding at 6,175 USD/ton (about 163,027 VND/kg). Meanwhile, black and white pepper remained unchanged, trading at 12,300 USD/ton and 9,200 USD/ton.
In the pepper export market of Vietnam, the price of black pepper of 500 g/l and 550 g/l is flat, anchored at 6,400 - 6,600 USD/ton. ASTA white pepper prices remain high, currently standing at 9,050 USD/ton (equivalent to 238,930 VND/kg).
Assessment and forecast
In terms of exports, preliminary figures show that Vietnam's pepper turnover continues to be high. As of mid-November, pepper export turnover was recorded at over 1.45 billion USD, a signal that international demand contributes significantly to price trends.
On the other hand, data from the International Pepper Association shows that the prices of some world pepper types are relatively stable: Indonesia's black pepper is reported at around 7,104 USD/ton, white pepper is around 9,673 USD/ton. However, the difference between domestic prices and export prices by type and method is still a factor of concern for the domestic market when converting to USD and calculating profits.
