Domestic pepper prices: Standing unchanged after many days of price increases
As of 11:30 today (November 27), the domestic pepper market remained unchanged, averaging VND 149,800/kg. Currently, the price ranges from 149,500 - 150,000 VND/kg.
Key areas have increased by 1,000-2,000 VND/kg. The price list on the market in key areas is as follows:
Dak Lak, Gia Lai and Lam Dong are offering the market at prices ranging from 149,500 - 150,000 VND/kg.
Dong Nai and Ho Chi Minh City set the mark of 149,500 - 150,000 VND/kg.
World pepper prices: mostly stable
In the world market, pepper prices are mostly stable in the regions. The Indonesian exchange - one of the most vibrant markets for price increases. Currently, these two items are traded between 7,126 - 9,703 USD/ton (equivalent to 188,191 VND/kg - 256,247 VND/kg).
On the other hand, the Brazilian market has maintained a stable streak, currently holding at 6,175 USD/ton (about 163,076 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 maintained a flat flow, anchored at 6,400 - 6,600 USD/ton. ASTA white pepper prices remain high, currently standing at 9,050 USD/ton (equivalent to 239,002 VND/kg).
Assessment and forecast
From an export perspective, the offering price of Vietnamese export spices remains high compared to the average of many years ago, helping businesses have room to buy.
In the short term, the price of 149,000-150,000 VND/kg is helping many owners of growing areas to cover costs and have resources for reinvestment. Considering the risk factors, the batch of goods that are wet or damaged by flooding can be heavily deducted, while the increased cost of drying and preserving will erode the real profits.
Some experts in the industry have recommended selling in batches, prioritizing export to shipments that meet export standards and carefully preserving the remaining output instead of releasing it into large quantities.
