Domestic pepper prices: Stable after price increase
As of 11:30 today (May 28), the domestic pepper market remains stable. Currently, the purchase price of pepper is recorded at 147,000 - 148,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong are both anchored at 148,000 VND/kg.
Ba Ria - Vung Tau, Gia Lai, Binh Phuoc are the three provinces currently purchasing at 147,000 VND/kg.
World pepper prices: Developments in the same direction
In the world market, pepper prices are generally stable in most regions. After a series of price increases, the Indonesian market - one of the most vibrant exchanges - maintained yesterday's closing price. Currently, these two items are listed at 7,470 USD/ton (equivalent to 194,967 VND/kg); white pepper is listed at 10,185 USD/ton (about 265,829 VND/kg).
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l remains unchanged at 6,700 - 6,800 USD/ton (equivalent to 174,870 - 177,480 VND/kg). ASTA white pepper prices also remain unchanged, at 9,700 USD/ton (about 253,170 VND/kg).
The Malaysian exchange is stable. Malaysia's white rice continues to hold the highest price globally at 11,850 USD/ton (equivalent to 309,285 VND/kg).
Assessment and forecast
Domestic pepper prices remain high after a series of price drops, showing positive signs for garden owners and traders, in the context of the pressure from input costs and purchasing demand still existing.
However, the overall picture of the international market is facing many disadvantages. The fact that US businesses are boosting imports of goods from China ahead of the new tax in August has caused shipping rates to spike. This directly increases the logistics cost of agricultural products, including pepper.
