Domestic pepper prices: Reversal week accelerates after price drop
As of 11:15 today (6.30), domestic pepper prices are trading between 128,000 - 133,000 VND/kg, "turning around" increased by 5,000 - 10,000 VND/kg compared to last week.
In Dak Lak, Dak Nong, Ba Ria - Vung Tau, pepper prices increased by VND 5,000/kg, all traded at VND 133,000/kg.
In Gia Lai, pepper prices also recorded an increase of VND 4,000/kg, up to VND 131,000/kg.
In Binh Phuoc alone, pepper prices recorded a slight increase of more than VND 1,000/kg, reaching VND 128,000/kg, the area with the lowest purchasing price among localities.
World pepper prices: intertwined increases and decreases
Data from the World Pepper Company (IPC) shows that world pepper prices fluctuate. Of which, the price of Indonesian black pepper increased by 67 USD/ton, to 7,528 USD/ton. Indonesian white pepper prices last week increased by 90 USD/ton, to 10,169 USD/ton.
Vietnam's export black pepper prices also decreased by 200 USD/ton compared to last week, ranging from 5,800 - 5,900 USD/ton for black pepper of 500 g/l and 550 g/l. Vietnam's white sugar decreased by 200 USD/ton to 8,800 USD/ton.
Meanwhile, Malaysia's black and white pepper prices remained unchanged for the whole week at 9,000 USD/ton and 11,750 USD/ton.
In contrast, the price of black pepper in Brazil ASTA 570 continued to decrease to 5,850 USD/ton, equivalent to a decrease of 200 USD/ton last week.
Assessment and forecast
The increase of 5,000 - 10,000 VND/kg of the domestic pepper market shows a strong recovery after a short period of stagnation. The simultaneous increase in pepper prices for many consecutive days reflects the improvement in purchasing demand of domestic enterprises and traders, as well as the expectation of an upward trend in the coming time.
While the domestic market has developed positively, export pepper prices in the world market tend to decrease slightly in some regions. This reflects the tug-of-war between limited supply and competitive pressure from international markets.
