Domestic pepper prices: Maintain price range
As of 11:30 am today (June 2), domestic pepper prices did not adjust after a sudden sharp decrease, averaging 137,400 VND/kg. Currently, key areas are trading in the range of 136,000 - 139,000 VND/kg.
Domestic pepper prices maintained a low price trend today, currently the listed prices in regions are as follows:
Gia Lai and Dong Nai provinces trade at the threshold of 136,000 VND/kg.
Ho Chi Minh City listed the price at 136,000 VND/kg.
Meanwhile, Dak Lak and Lam Dong offered for sale at the highest purchase price of 139,000 VND/kg.
World pepper prices: In the same direction
In the world market, pepper prices continue to remain stable in all countries. The two items of black and white pepper in Indonesia are no exception, trading in the range of 7,152 - 9,31 USD/ton (equivalent to 188,778 VND/kg - 243,653 VND/kg).
The Brazilian market holds at 6,100 USD/ton (about 161,010 VND/kg). Notably, black and white peppers 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 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 237.555 VND/kg).
Assessments and forecasts
The domestic pepper market maintained a low price threshold when yesterday's trading session simultaneously adjusted down from 1,000 - 3,000 VND/kg. This price wave has officially pulled the trading level in localities down below the threshold of 140,000 VND/kg.
According to assessments from the International Pepper Corporation (IPC), the downward trend of the domestic market is taking place in the context that the global situation has just experienced a week of sluggish trading and slight differentiation due to the impact of the Eid-Adha holiday in many countries.
