Domestic pepper prices: Sharp increase
As of 11:30 today (6, 28), the domestic pepper market continued to increase, increasing by an average of 4,000 VND/kg. Currently, the purchase price of pepper is recorded at 128,000 - 133,000 VND/kg.
Binh Phuoc is currently the province with the lowest pepper purchasing price of 128,000 VND/kg.
Meanwhile, the three provinces of Ba Ria - Vung Tau, Dak Lak and Dak Nong all increased by VND 5,000/kg, bringing the price to VND 133,000/kg.
Increasing by VND 4,000/kg, Gia Lai is also anchored at VND 131,000/kg.
World pepper prices: flat trend
In the world market, pepper prices are moving sideways. The Indonesian exchange - one of the most vibrant markets is no exception. Currently, these two items are traded in the range of 7,501 - 10,169 USD/ton (equivalent to 197,761 VND/kg - 267,140 VND/kg).
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l remains unchanged at 5,800 - 5,900 USD/ton. ASTA white pepper prices reached 8,800 USD/ton (equivalent to 231,176 VND/kg).
In the same direction, the Brazilian exchange remained stable, this region is currently at 5,850 USD/ton (about 153,680 VND/kg). Meanwhile, Malaysia's black and white pepper remained at 11,750 USD/ton and 9,000 USD/ton.
Assessment and forecast
The market is approaching high prices in the short term, and exporting enterprises have not adjusted their output prices, which could slow down the increase.
If domestic pepper prices increase too quickly compared to world prices, the risk of reduced competitiveness in the export market is entirely possible. In the context of fluctuating global supply due to erratic weather and epidemics affecting productivity, experts say that holding back a portion of goods to sell when prices peak are a reasonable strategy.
