Domestic pepper prices: Stagnant prices on the weekend
As of 11:30 am today (February 28), domestic pepper prices are flat, averaging 147,800 VND/kg. Currently, key areas are trading in the range of 147,500 - 148,000 VND/kg.
Pepper price tables in provinces and cities diễn biến according to a sideways trend after a week of fluctuations, specifically as follows:
Gia Lai and Dong Nai are currently the provinces with the lowest pepper purchasing prices with a threshold of 147,500 VND/kg.
Lam Dong listed the price at the mark of 148,000 VND/kg.
Dak Lak and Ho Chi Minh City put the price tag of 148,000 VND/kg on the market.
World pepper prices: Continuously fluctuating
In the world market, pepper prices reversed in some countries. The Indonesian exchange - one of the most vibrant markets is no exception. Black and white peppers traded in the range of 7,011 - 9,339 USD/ton (equivalent to 184,346 VND/kg - 245,558 VND/kg), down 9 USD/ton and 12 USD/ton respectively.
The Brazilian market is listed at 6,175 USD/ton (about 161,971 VND/kg). Notably, black and white peppers maintained an increase of 100 USD/ton, trading at 12,100 USD/ton and 9,100 USD/ton.
In Vietnam's pepper export market, the price of black pepper of 500 g/l and 550 g/l is maintained at 6,400 - 6,600 USD/ton. ASTA white pepper price continues to be offered for sale at 9,150 USD/ton (equivalent to 240,005 VND/kg).
Assessments and forecasts
Yesterday's sharp decline took place after a period of the market maintaining high prices. Profit-taking activities and pressure from international developments are making trading sentiment more cautious. However, compared to the same period many years ago, the current price level is still assessed as positive for pepper growers.
According to analysts, the global pepper market is entering a technical adjustment phase after the previous increase. Import demand remains stable but not strong enough to create a new price boost in the short term. In this context, domestic pepper prices are likely to continue to be affected by international developments and supply regulation activities of export enterprises.
