Domestic pepper prices: Price increase
As of 1 pm today (March 30), domestic pepper prices simultaneously increased, averaging 140,500 VND/kg. Currently, key areas are trading in the range of 140,000 - 141,000 VND/kg.
Domestic pepper prices recorded an increase of 500-1,000 VND/kg, provinces and cities in key areas listed prices as follows:
Gia Lai and Dong Nai provinces increased by 1,000 VND/kg, both listed at the mark of 140,000 VND/kg.
At the same increase, Ho Chi Minh City is anchored at the mark of 140,500 VND/kg.
Meanwhile, Dak Lak and Lam Dong, although only increasing by 500 VND/kg, are still the 2 provinces with the highest price of 141,000 VND/kg.
World pepper prices: Stable
In the world market, pepper prices remain unchanged. The Indonesian exchange - one of the most vibrant markets is no exception. Black and white peppers are traded in the range of 7,027 - 9,304 USD/ton (equivalent to 185,197 VND/kg - 245,207 VND/kg).
The Brazilian market is listed at 6,100 USD/ton (about 160,766 VND/kg). Notably, black and white pepper kept increasing from 100 - 200 USD/ton, trading at 12,200 USD/ton and 9,300 USD/ton.
In Vietnam's pepper export market, black pepper prices of 500 g/l and 550 g/l are maintained at 6,300 - 6,400 USD/ton. Meanwhile, ASTA white pepper price remains unchanged, offered for sale at 9,050 USD/ton (equivalent to 238,513 VND/kg).
Assessments and forecasts
Although the fluctuations in the first trading session of the week were not too large, the domestic market still recorded an increase of 5,300 VND/kg compared to the previous week.
According to experts, supply and demand in the world are currently temporarily balanced, while trading activities in many markets are still quite cautious. It is forecasted that this week, domestic pepper prices may continue to fluctuate in opposite directions in a narrow range.
