Domestic pepper prices: Returning to increase
As of 12:00 today (October 29), the domestic pepper market increased, averaging 145,200 VND/kg. Currently, the price ranges from 144,000 - 146,000 VND/kg.
The regions have increased prices by 1,000 VND/kg, currently listed according to the price list as follows:
Gia Lai province launched it on the market at 144,000 VND/kg. This is the lowest price in the region.
Pepper prices in Ho Chi Minh City and Dong Nai today both reached 145,000 VND/kg.
Recorded the highest price in the region are Lam Dong and Dak Lak provinces when setting the price of 146,000 VND/kg.
World pepper prices: Slight increase
In the world market, pepper prices are mostly stable in the regions. In particular, the Indonesian exchange - one of the most vibrant markets still recorded a slight increase of 0.1% and 0.09%. Currently, these two items are traded between 7,211 - 10,061 USD/ton (equivalent to 190,003 VND/kg - 265,098 VND/kg).
On the other hand, the Brazilian market is flat, currently holding at 6,100 USD/ton (about 160,729 VND/kg). In the same direction, black and white pepper were stable, trading at 12,500 USD/ton and 9,500 USD/ton, respectively.
In the pepper export market of Vietnam, the price of black pepper of 500 g/l and 550 g/l is flat, anchored at 6,400 - 6,600 USD/ton. ASTA white pepper prices remain high, currently standing at 9,050 USD/ton (equivalent to 238,459 VND/kg).
Assessment and forecast
According to the International Pepper Community (IPC), the world pepper market in the fourth week of October continued to record mixed developments.
India is the only market to record a three-week increase, thanks to the Rupee increasing its value by 1% against the USD, while most other markets are moving sideways or weakening.
Domestic and export pepper prices in Indonesia have been stable for two consecutive weeks, while Malaysia recorded white pepper for export to keep prices, while other types have decreased slightly. Sri Lanka, Brazil, Cambodia and China maintained stable prices compared to last week.
