Domestic pepper prices: Transaction in high price areas
As of 11:30 today (October 30), the domestic pepper market remained unchanged, at an average of VND 145,200/kg. Currently, the price ranges from 144,000 - 146,000 VND/kg.
The regions are simultaneously anchored at high levels after the price increase of VND 1,000/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 189,974 VND/kg - 265,058 VND/kg).
On the other hand, the Brazilian market is flat, currently holding at 6,100 USD/ton (about 160,705 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 238,423 VND/kg).
Assessment and forecast
The market did not have many fluctuations, reflecting the cautious psychology of both sellers and purchasing enterprises in the context of limited supply and prices still at high levels.
According to VPSA, Vietnam's average export selling price in the third quarter reached about 6,500 USD/ton, up more than 36% over the same period last year. This is a key factor helping the pepper industry maintain a high growth rate even though output does not increase sharply.
