Domestic pepper prices: Next week of decline
As of 11am today (September 27), domestic pepper prices are trading between 136,000 - 138,000 VND/kg, down to 2,000 VND/kg.
Gia Lai province decreased by VND 1,000/kg compared to the closing price of last week (September 20), currently anchored at VND 136,000/kg.
Similarly, Dong Nai and Ho Chi Minh City decreased by VND 2,000/kg, reaching VND 137,000/kg. With a decrease of up to 2,000 VND/kg lower than last week, Dak Lak purchased pepper at 138,000 VND.
Lam Dong bought at 138,000 VND/kg, down 2,000 VND/kg.
World pepper prices: intertwined increases and decreases
According to data from the International Pepper Company (IPC), Vietnam's pepper export prices remained stable last week, while pepper prices from other countries generally decreased.
At the end of the week, the price of Indonesian black pepper was listed at 7,136 USD/ton, down 80 USD/ton compared to last week. In the same direction, the price of Indonesian white pepper decreased by 83 USD/ton compared to last week, down to 9,975 USD/ton.
Meanwhile, Brazilian ASTA 570 black pepper increased by 100 USD/ton, remaining at 5,900 USD/ton.
On the other hand, ASTA Malaysia black and white pepper prices remained unchanged, standing at 8,900 USD/ton and 11,750 USD/ton, respectively.
In the same direction, Vietnam's black pepper export price has been unchanged last week, ranging from 6,440 - 6,570 USD/ton for black pepper of 500 g/l and 550 g/l. Vietnam's export white pepper prices are no exception, standing at 9,150 USD/ton.
*Note: Domestic pepper prices are for reference only, and may vary depending on the area and the purchasing enterprise.
