Domestic pepper prices: Stabilized
As of 11:30 am today (January 5th), domestic pepper prices have stabilized in all regions, averaging 150,200 VND/kg. Currently, key areas are trading in the range of 149,000 - 151,000 VND/kg.
After a week of alternating increases and decreases, the pepper price list of regions is as follows:
Gia Lai province stabilizes and lists prices at 150,000 VND/kg.
Ho Chi Minh City maintains the price at 150,000 VND/kg.
Dak Lak and Lam Dong are both anchored at the threshold of 151,000 VND/kg.
Dong Nai puts the market at 149,000 VND/kg.
World pepper prices: Same trend
In the world market, pepper prices remain unchanged in most countries. The Indonesian exchange - one of the most vibrant markets is no exception. These two items are traded in the range of 6,761 - 9,202 USD/ton (equivalent to 178,335 VND/kg - 242,722 VND/kg).
In the same direction, the Brazilian market is currently at 6,100 USD/ton (about 160,900 VND/kg). Meanwhile, black and white peppers are traded at 12,000 USD/ton and 9,000 USD/ton.
Notably, in Vietnam's pepper export market, the price of black pepper of 500 g/l and 550 g/l maintains a price range of 6,500 - 6,700 USD/ton. The current ASTA white pepper price is at 9,250 USD/ton (equivalent to 243,988 VND/kg).
Perspectives and forecasts
According to analysts, pepper prices this week are dominated by 2 main factors. First, the price list is influenced by demand near Tet when purchasing power from the domestic and Chinese markets usually increases during this period, which may help prices stay stable or increase slightly.
There is only about a month left until Vietnam enters the peak harvest season (after the Lunar New Year). New supply pressure may cause price increases to be curbed.
Meanwhile, global inventories are at a low level, and the developments of pepper prices in the medium and long term are still considered positive.
