Domestic pepper prices: Price increase
As of 11:00 AM today (January 6), domestic pepper prices simultaneously increased in all areas, averaging at 151,500 VND/kg. Currently, key areas are trading in the range of 151,000 - 152,500 VND/kg.
After a day of stagnation, pepper prices in provinces and cities increased sharply, the pepper price list of regions is currently as follows:
Gia Lai and Dong Nai provinces both increased by 1,000 VND/kg, listed at prices of 150,000 VND/kg and 150,000 VND/kg respectively.
Ho Chi Minh City increased by another 1,500 VND/kg, anchored at the threshold of 151,500 VND/kg.
Dak Lak and Lam Dong are the two provinces with the highest prices, offering to the market at the level of 152,500 VND/kg, simultaneously increasing by 1,500 VND/kg.
World pepper prices: "cool down" in the afternoon
In the world market, pepper prices have decreased in some countries. The Indonesian exchange - one of the most vibrant markets - also decreased in price. These two items are traded in the range of 6,751 - 9,190 USD/ton (equivalent to 178,092 VND/kg - 242,433 VND/kg), down 10 USD/ton and 12 USD/ton respectively.
Meanwhile, the Brazilian market remained unchanged, currently at 6,100 USD/ton (about 160,918 VND/kg). Similarly, black and white pepper 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 244,015 VND/kg).
Perspectives and forecasts
The domestic market is in the final stage of the season, with low inventories in the population. Global supply is no longer abundant as Indonesia and Brazil have passed the main harvest season.
Meanwhile, import demand from China and Asian countries to serve the Lunar New Year is gradually entering its peak period. This will be the main driving force to push pepper prices to break through in the coming time.
