Domestic pepper prices: STABLE
As of 11:30 am today (April 25), domestic pepper prices remained unchanged, averaging 140,200 VND/kg. Currently, key areas are trading in the range of 138,000 - 142,000 VND/kg.
Domestic pepper prices simultaneously stand still. Currently, the listed prices in areas are as follows:
Continuing the sideways trend, Gia Lai province traded at the mark of 138,000 VND/kg.
Dong Nai and Ho Chi Minh City are both anchored at the threshold of 140,000 VND/kg.
Dak Lak and Lam Dong respectively offered for sale at purchase prices of 141,000 VND/kg and 142,000 VND/kg.
World pepper prices: Reverse upward trend
In the world market, pepper prices are mostly stable in countries. Especially black and white peppers in Indonesia increased slightly, trading in the range of 7,007 - 9,231 USD/ton (equivalent to 184,761 VND/kg - 243,404 VND/kg), increasing by 13 USD/ton and 16 USD/ton respectively.
The Brazilian market is listed at the 6,000 USD/ton mark (about 158,208 VND/kg). In the same direction, black and white peppers remain unchanged, trading at the 12,200 USD/ton and 9,300 USD/ton marks.
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
After a period of increase and decrease at the beginning of the week, pepper prices are entering a stable phase again. Sideways movement shows that selling pressure has cooled down, while demand is not strong enough to pull prices back up.
In the short term, pepper prices may continue to fluctuate in the range of 138,000 - 142,000 VND/kg, waiting for clearer signals from the market.
Currently, global supply is tending to shrink after the peak harvest period. In Vietnam, production this year is forecast to decrease by 15-20%, reaching only about 170,000 - 180,000 tons due to the impact of weather and shrinking cultivated area.
