Domestic pepper prices: All "turn around"
As of 1:00 p.m. today (December 5), domestic pepper prices have increased and decreased alternately, currently trading between 147,000 - 148,500 VND/kg.
The regions recorded an average decrease of 900 VND/kg. The price list on the market in specific key areas is as follows:
Gia Lai unexpectedly decreased by VND 500/kg, listed at VND 147,000/kg.
After many days of no change, Dong Nai and Ho Chi Minh City have turned down 500 VND/kg, anchored at 147,500 VND/kg.
Meanwhile, Dak Lak and Lam Dong both decreased by VND 1,500/kg, bringing the market around VND 148,500/kg.
World pepper prices: flat trend
In the world market, pepper prices are mostly stable in the regions. The Indonesian exchange - one of the most vibrant markets is no exception. Currently, these two items are traded between 7,004 - 9,657 USD/ton (equivalent to 184,976 VND/kg - 255,042 VND/kg).
Meanwhile, the Brazilian market maintained a decrease of 0.41%, currently at 6,150 USD/ton (about 162,422 VND/kg). Meanwhile, black and white pepper are traded at 12,000 USD/ton and 9,000 USD/ton.
Notably, in the Vietnamese pepper export market, the price of 500 g/l and 550 g/l black pepper is anchored at the high level of 6,500 - 6,700 USD/ton. ASTA white pepper prices are currently at 9,250 USD/ton (equivalent to 244,293 VND/kg).
Assessment and forecast
Domestic pepper prices entered a tug-of-war period to determine a new trend. In the short term, the diarrhea is stable in some localities, with prices ranging from 147,000 - 150,000 VND/kg.
Despite the pressure to decrease, information about the declining output and low inventories are factors that protect and support pepper prices not to fall freely like coffee.
owners of growing areas continue to wait for new push-ups, not rushing to sell at prices below 148,000 VND, creating a tense situation between buyers and sellers.
