Domestic pepper prices: Green appears
As of 12:30 today (6.), the domestic pepper market increased again, an average increase of 600 VND/kg. Currently, the purchase price of pepper is recorded at 143,000 - 145,000 VND/kg.
Gia Lai and Binh Phuoc alone did not change the pepper purchasing price at the previous session to 143,000 VND/kg.
Meanwhile, the remaining provinces and cities recorded an increase of 1,000 VND/kg. Ba Ria - Vung Tau and Dak Nong announced the selling price at 144,000 VND/kg.
Dak Lak is currently still the province with the highest purchasing price in the country with a listed price of 145,000 VND/kg.
World pepper prices: Neo at a high level
In the world market, pepper prices continue to fluctuate. The Indonesian exchange - one of the most vibrant markets reversed and increased. Currently, these two items have increased by 0.16% and 0.18%, respectively listed at 7,437 USD/ton (equivalent to 195,155 VND/kg); white pepper is listed at 10,142 USD/ton (about 266,137 VND/kg).
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l ranges from 6,300 - 6,400 USD/ton (equivalent to 165,319 - 167,943 VND/kg). ASTA white pepper prices reached 9,300 USD/ton (about 244,042 VND/kg).
Similarly, the Malaysia and Brazil exchanges were stable. Malaysia's white rice continues to hold the highest price globally at 11,850 USD/ton (equivalent to 310,956 VND/kg).
Assessment and forecast
According to preliminary statistics from the Vietnam Pepper and Spices Association (VPSA), compared to last month, pepper exports decreased by 0.6% in volume and decreased by 0.9% in turnover, and compared to the same period in May 2024, exports decreased by 15.7% but turnover increased by 29.3%. The average export price reached 6,897 USD/ton, down slightly by 0.4% compared to April but up 53.3% over the same period last year.
On the other hand, Vietnam imported a record amount of pepper in May with more than 7,100 tons, with a turnover of nearly 46 million USD - the highest level since 2021.
However, domestic pepper prices witnessed a significant decrease. The reason is explained by experts as weak purchasing power while supply is still abundant. At the same time, market sentiment is affected by concerns surrounding the new US tax policies, causing many businesses to hesitate in signing export orders.
