Domestic pepper prices: Trading floor red
As of 11:30 am today (March 3), domestic pepper prices maintained a downward trend, averaging 145,700 VND/kg. Currently, key areas are trading in the range of 145,500 - 146,000 VND/kg.
Domestic pepper prices simultaneously maintained a decrease compared to yesterday's closing session, specifically as follows:
Dong Nai province listed at the milestone of 145,000 VND/kg.
Next is the Gia Lai area anchored at the threshold of 145,500 VND/kg.
Dak Lak, Lam Dong and Ho Chi Minh City simultaneously put prices of 146,000 VND/kg on the market.
World pepper prices: Sideways trend
In the world market, pepper prices remain unchanged in most regions. The Indonesian exchange - one of the most vibrant markets is no exception. Black and white peppers are traded in the range of 7,011 - 9,339 USD/ton (equivalent to 184.376 VND/kg - 245.598 VND/kg).
The Brazilian market is listed at 6,175 USD/ton (about 162,391 VND/kg). Notably, black and white peppers maintained an increase of 100 USD/ton, trading at 12,100 USD/ton and 9,100 USD/ton.
In Vietnam's pepper export market, the price of black pepper of 500 g/l and 550 g/l is maintained at 6,400 - 6,600 USD/ton. ASTA white pepper price continues to be offered for sale at 9,150 USD/ton (equivalent to 24,627 VND/kg).
Assessments and forecasts
In general, domestic pepper prices are fluctuating in the range of 145,000-14,000 VND/kg. Price reduction pressure mainly comes from new supply to the market while purchasing power has not had a clear breakthrough.
Geopolitical instability in the Middle East is increasing risks to transportation, international trade and global supply chains. Rising fuel prices will push up sea and air transport costs. At the same time, the fact that some countries restrict or close airspace for security reasons also makes transportation time longer and logistics costs increase sharply.
