Domestic pepper prices: flat trend
As of 11:45 a.m. today (March 28), domestic pepper prices continue to move sideways, currently the purchase price fluctuates 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: Maintain the 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 186,220 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 258,940 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 182,896 VND/kg); the 550 g/l type is currently at 7,300 USD/ton (equivalent to 188,048 VND/kg). Similarly, the price of white pepper for export also increased to 10,100 USD/ton (equivalent to 260,176 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 208,032 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 198.744 VND/kg).
Assessment and forecast
The demand for pepper in the international market remains high, especially from large markets such as the US and EU. Exporting enterprises are also stepping up purchases to meet orders from Europe and the US. However, supply from major producers such as Brazil and Indonesia is struggling due to unfavorable weather, which could create upward pressure on prices in the coming time.
The domestic market is stabilizing at a high price level, with pepper output in large growing areas guaranteed. However, the psychology of farmers storing goods is still high, leading to garden owners limiting sales, contributing to maintaining pepper prices at a high level.
