Domestic pepper prices: Maintain price thresholds
As of 11:30 am today (June 6), domestic pepper prices remained unchanged, averaging 138,400 VND/kg. Currently, key areas are trading in the range of 137,000 - 140,000 VND/kg.
Domestic pepper prices maintained the previous 2-day increase of 1,000 VND/kg, currently the listed prices in regions are as follows:
Gia Lai and Dong Nai provinces traded at the mark of 137,000 VND/kg.
Ho Chi Minh City listed it at a price of 138,000 VND/kg.
In the same direction, Dak Lak and Lam Dong offered for sale at the highest purchase price of 140,000 VND/kg.
World pepper prices: Sideways
In the world market, pepper prices are stable in most countries. The two items of black and white pepper in Indonesia are no exception, trading in the range of 7,091 - 9,151 USD/ton (equivalent to 187,217 VND/kg - 241,605 VND/kg).
In the opposite direction, the Brazilian market maintained a decrease of 75 USD/ton, holding at 6,025 USD/ton (about 156,073 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 237,618 VND/kg).
Assessments and forecasts
According to VPSA, global pepper import volume in the first quarter of the year increased by about 5%. The US continues to maintain its position as the largest importer thanks to positive stockpiling moves from food corporations.
Looking at the medium-term trend, analysts assess that the pepper market will continue to be supported by the tight supply situation. If net buying from the US and Chinese markets continues to accelerate in the second half of the year, the international pepper price level is forecast to be anchored at a high level, even ready for a new price increase.
