Domestic pepper prices: Stable
As of 11:30 am today (June 3), domestic pepper prices continued the sideways trend, averaging 137,400 VND/kg. Currently, key areas are trading in the range of 136,000 - 139,000 VND/kg.
Domestic pepper prices maintained a low price trend in today's trading session, currently the listed prices in regions are as follows:
Gia Lai and Dong Nai provinces trade at the threshold of 136,000 VND/kg.
Ho Chi Minh City listed the price at 136,000 VND/kg.
Meanwhile, Dak Lak and Lam Dong offered for sale at the highest purchase price of 139,000 VND/kg.
World pepper prices: Increase and decrease intertwined
In the world market, pepper prices fluctuate in some countries. The two items of black and white pepper in Indonesia surged, trading in the range of 7,160 - 9,241 USD/ton (equivalent to 189,010 VND/kg - 243,944 VND/kg), increasing by 8 USD/ton and 10 USD/ton respectively.
In the opposite direction, the Brazilian market decreased by 75 USD/ton, holding at 6,025 USD/ton (about 156,048 VND/kg). Notably, black and white peppers are still trading at high prices, respectively 12,250 USD/ton and 9,350 USD/ton.
In Vietnam's pepper export market, the price of black pepper of 500 g/l and 550 g/l remains at 6,100 - 6,200 USD/ton. In the same direction, ASTA white pepper is offered for sale at 9,000 USD/ton (equivalent to 237.582 VND/kg).
Assessments and forecasts
Vietnam's pepper and spice industry is entering a new competitive phase when the potential is not only in output or cheap price but also in quality, sustainability and brand building ability. This changes the strategy in production and business from farm households, traders to purchasing units.
Meanwhile, farmers are under selling pressure as harvest and fertilizer costs are increasing, forcing many people to sell more pepper inventory. Households engaged in intercropping tend to keep coffee instead of selling it to store pepper.
Despite achieving positive results in the first months of the year, the Vietnam Pepper and Spice Association (VPSA) said that pepper and spice export activities are still facing many challenges.
