Domestic pepper prices: Maintained stability, except for Gia Lai province
As of 1:30 p.m. today (September 29), domestic pepper prices have remained largely unchanged, except for a slight decrease in Gia Lai province. Currently, domestic pepper purchasing prices range from 154,000 - 156,000 VND/kg in key provinces and cities.
Of which, Dak Lak and Dak Nong continue to be the two localities with the highest prices in the country, currently trading at 156,000 VND/kg.
Other provinces such as Binh Phuoc and Ba Ria - Vung Tau are listed at 155,000 VND/kg.
Gia Lai - the locality that often has the lowest pepper prices in the group continuing to decrease by 500 VND/kg, setting the mark of 154,000 VND/kg.
World pepper prices: Maintain the upward momentum in the Indonesian market
In the world market, Vietnamese pepper prices remained unchanged compared to the previous session but remained high. Black grape variety 500g/l is stable at 6,800 USD/ton (equivalent to 178,024 VND/kg), while the 550g/l type is 6,900 USD/ton (equivalent to 180,642 VND/kg). ASTA Vietnam white sugar is still at 9,800 USD/ton - equivalent to 256,564 VND/kg.
The Indonesian market continues to record significant fluctuations. In particular, Indonesian black pepper increased by 0.34% to 7,126 USD/ton. In the same direction, white pepper increased by 0.32% to 9,643 USD/ton.
Meanwhile, black and white pepper in the Malaysian market were recorded at 9,300 USD/ton and 11,900 USD/ton, respectively.
In the Indian market, pepper prices continue to remain unchanged in most pepper cultivations. Garbled pepper costs 67,200 rupees/kg, (equivalent to 212,796 VND/kg), Ungarbled is listed at 65,200 rupees/kg (equivalent to 206,463 VND/kg), while gram/liter has the lowest price of 64,200 rupees/kg (exchanged for 203,296 VND/kg).
Assessment and forecast
With a stable trend in the domestic and world markets, pepper products are expected to maintain a stable state in the first days of May.
However, market developments may change if consumer demand in major import markets such as the US, EU and China increases dramatically after the holiday.
Experts say that weather factors, harvest progress and international trade policies will be factors that determine pepper price trends in the coming time. Garden owners and businesses need to closely monitor market signals to proactively plan production and export.
