Domestic pepper prices: Stable in the regions
As of 2:00 p.m. today (March 27), domestic pepper prices remained stable, currently the purchase price fluctuated between 159,000 - 160,000 VND/kg. The average pepper purchase price nationwide is at 159,400 VND/kg.
Pepper prices were simultaneously stable at 159,000 VND/kg in the three provinces of Gia Lai, Ba Ria - Vung Tau, Binh Phuoc, unchanged compared to the previous trading session.
Dak Lak and Dak Nong provinces are still the two provinces with the highest pepper purchasing prices in the country today, anchored at 160,000 VND/kg.
World pepper prices: Southwest slightly increase
According to the International Pepper Community, on trading floors, black and white pepper prices in the Indonesian market turned to increase. Black pepper prices increased by 0.21%, fluctuating around 7,229 USD/ton (equivalent to 186,364 VND/kg). Purchasing at a price 0.2% higher than the previous trading session, the price of white pepper announced was 10,052 USD/ton (equivalent to 259,141 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper remains at 7,000 USD/ton.
In the Malaysian market, ASTA black and white pepper prices are anchored at 9,900 USD/ton and 12,400 USD/ton, respectively.
Notably, in Vietnam, the price of black pepper for export has moved sideways. The 500 g/l type is traded at 7,100 USD/ton (equivalent to 183,038 VND/kg); the 550 g/l type is currently at 7,300 USD/ton (equivalent to 188,194 VND/kg). Similarly, the price of white pepper for export also increased to 10,100 USD/ton (equivalent to 260,378 VND/kg).
In the Indian market, pepper prices continued to remain unchanged in most pepper prices. Garbled pepper costs 67,200 rupees/kg, (equivalent to 207,964 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 198.680 VND/kg).
Assessment and forecast
In recent years, the pepper industry has had a strong change when farmers raise awareness and actions in the production stage to meet the standards of clean and sustainable organic production. Garden owners strengthen linkages along the value chain and expand deep processing forms, bringing high-quality products, meeting domestic market demand as well as for export.
Regarding the pepper price outlook in the coming time, because the demand for pepper in major markets such as the US and EU is still high, pepper prices are expected to continue to fluctuate. In addition, garden owners still have the mentality of stocking goods instead of selling them to the market, causing limited supply, putting pressure on pepper prices.
