Domestic pepper prices: fallen prices at the end of the week
As of 11am today (September 26), domestic pepper prices have slid after a day of stagnation. The average pepper purchase price nationwide is currently at 155,300 VND/kg, down 1,000 VND/kg.
Of which, Dak Lak and Dak Nong continue to be the two localities with the highest prices in the country, currently trading at 156,000 VND/kg despite a decrease of 1,000 VND/kg.
Other provinces such as Binh Phuoc and Ba Ria - Vung Tau have dropped prices by VND 1,000/kg, listed at VND 155,000/kg.
At the same rate, Gia Lai - the locality with the lowest pepper prices in the group reached 154,500 VND/kg.
World pepper prices: Unchanged, except for the Indonesian market
In the world market, Vietnamese pepper prices remained unchanged compared to the previous session but remained high. Black grape variety 500g/l is stable at 6,800 USD/ton (equivalent to 178,126 VND/kg), while the 550g/l type is 6,900 USD/ton (equivalent to 180,746 VND/kg). ASTA Vietnam white sugar is still at 9,800 USD/ton - equivalent to 256,711 VND/kg.
The Indonesian market recorded significant fluctuations today. Indonesian black pepper alone increased by 0.34% after a decrease, to 7,126 USD/ton. In the same direction, white pepper increased by 0.32% to 9,643 USD/ton.
Meanwhile, black and white pepper in the Malaysian market after a steady decline, respectively, were at 9,300 USD/ton and 11,900 USD/ton.
In the Indian market, pepper prices continue to remain unchanged in most pepper cultivations. Garbled pepper costs 67,200 rupees/kg, (equivalent to 212,756 VND/kg), Ungarbled is listed at 65,200 rupees/kg (equivalent to 206,424 VND/kg), while gram/liter has the lowest price of 64,200 rupees/kg (exchanged for 203,258 VND/kg).
Assessment and forecast
According to the latest data from the Vietnam Pepper and Spices Association (VPSA), in the first half of April alone, Vietnam exported 10,413 tons of pepper, bringing in a turnover of 72 million USD.
Pepper products are exported in a variety of ways, including: whole black pepper, ground black pepper, whole white pepper, ground white pepper and soaked pepper - each type serving a separate processing needs in the international market. Therefore, demand from major markets is always one of the factors that put pressure on prices.
The pepper processing process is also strictly controlled. From black pepper purchased from farmers, businesses will clean and classify them according to size, then can continue to process them into white pepper, ground pepper or higher-end finished products - all to meet the increasingly strict requirements of the export market.
