Domestic pepper prices: Reverse downwards
As of 11:30 am today (April 3), domestic pepper prices decreased compared to the closing session yesterday, averaging 138,500 VND/kg. Currently, key areas are trading in the range of 138,000 - 139,000 VND/kg.
Domestic pepper prices recorded different decreases, provinces and cities in key areas listed prices as follows:
Gia Lai and Dong Nai provinces both decreased by 500 VND/kg, listed at the mark of 138,000 VND/kg.
At the same price slippage level, Ho Chi Minh City is anchored at the mark of 138. 500 VND/kg.
Dak Lak and Lam Dong are still the 2 provinces with the highest prices with prices of 139,000 VND/kg, the deepest decrease of 1,000 VND/kg.
World pepper prices: Continue to decline
In the world market, pepper prices continue to fluctuate in most countries. The Indonesian exchange - one of the most active markets - adjusted slightly down. Black and white peppers traded in the range of 7,115 - 9,374 USD/ton (equivalent to 187,566 VND/kg - 247,118 VND/kg), down 5 USD/ton and 7 USD/ton respectively.
Meanwhile, the Brazilian market maintained an increase of 50 USD/ton, listed at 6,150 USD/ton (about 162. 127 VND/kg). Notably, black and white peppers maintained an increase of 100 - 200 USD/ton, trading at 12,200 USD/ton and 9,300 USD/ton.
In Vietnam's pepper export market, the black pepper prices of 500 g/l and 550 g/l remained unchanged, anchored at the 6,000 - 6,100 USD/ton mark. In the same direction, ASTA white pepper price offered for sale at 8,900 USD/ton (equivalent to 234,622 VND/kg).
Assessments and forecasts
After the domestic pepper price surged, demand in the context of new crop supply pouring into the market shows positive signs. Although previous harvest pressure caused prices to stagnate, purchasing power from exporting enterprises helped the market regain its upward momentum.
However, the market suddenly fell, losing the 140,000 VND/kg mark. Vietnam's domestic supply is increasing sharply due to entering the main harvest season, the market still receives positive signals from international partners, especially the United States. This is a stable and potential consumption market, opening up great opportunities for Vietnamese exporters in maintaining turnover and improving trade value in the long term.
