Domestic pepper prices: Stable
As of 1:30 PM today (March 26), domestic pepper prices remained unchanged, averaging 137,900 VND/kg. Currently, key areas are trading in the range of 137,000 - 139,000 VND/kg.
Domestic pepper prices remain stable, specifically as follows:
Gia Lai and Dong Nai provinces both listed at the mark of 137,000 VND/kg.
Ho Chi Minh City maintains the price increase to 137,500 VND/kg.
Notably, Dak Lak and Lam Dong are currently the provinces with the highest price of 139,000 VND/kg.
World pepper prices: Continue to move sideways
In the world market, pepper prices continue to remain unchanged compared to the previous closing session. The Indonesian exchange - one of the most vibrant markets is no exception. Black and white peppers are traded in the range of 6,994 - 9,260 USD/ton (equivalent to 184,441 VND/kg - 2,44,066 VND/kg).
The Brazilian market is listed at the mark of 6,050 USD/ton (about 159,460 VND/kg). Notably, black and white peppers maintained an increase of 100 - 200 USD/ton, trading at the marks of 12,200 USD/ton and 9,300 USD/ton.
In Vietnam's pepper export market, black pepper prices of 500 g/l and 550 g/l are anchored at 6,300 - 6,400 USD/ton. Meanwhile, ASTA white pepper price remains unchanged, offered for sale at 9,050 USD/ton (equivalent to 238,531 VND/kg).
Assessments and forecasts
The sideways trend of world pepper prices continues to affect the domestic market, making domestic pepper prices unable to break through in the short term. However, in the long term, many experts believe that global supply is still low, especially in the context of reduced pepper growing area in some large producing countries.
It is forecasted that in the coming days, pepper prices may continue to fluctuate in a narrow range. The market will need more signals from export demand, especially from the US and Europe, to establish a clearer trend.
