Domestic pepper prices: Inversion of price slippage
As of 11:30 am today (February 7), domestic pepper prices have decreased, averaging 149.100 VND/kg. Currently, key areas are trading in the range of 148,000 - 150,500 VND/kg.
The areas do not have much fluctuation, the current pepper price list for specific areas is as follows:
Dong Nai and Gia Lai are also anchored at the threshold of 148,000 VND/kg, down 1,000 VND/kg.
Dak Lak and Lam Dong traded at the 150. 500 VND/kg mark, down 500 VND/kg.
Ho Chi Minh City remained unchanged, offering a market price of 148,500 VND/kg.
World pepper prices: Fall in price
In the world market, pepper prices fell in some areas. The Indonesian exchange - one of the most active markets - lowered prices. These two items traded in the range of 6,720 - 9,274 USD/ton (equivalent to 175,661 VND/kg - 241,717 VND/kg), down 20 USD/ton for black pepper.
Meanwhile, the Brazilian market returned to the 6,100 USD/ton mark, down 50 USD/ton (about 159,454 VND/kg). Black and white peppers continued to remain unchanged, trading at 12,000 USD/ton and 9,000 USD/ton.
Notably, in Vietnam's pepper export market, the price of black peppers of 500 g/l and 550 g/l is maintained at 6,400 - 6,600 USD/ton. ASTA white pepper price continues to be offered for sale at 9,150 USD/ton (equivalent to 239,181 VND/kg).
Assessments and forecasts
After many sideways sessions, the pepper market recorded a small adjustment in the Southeast region. Meanwhile, in the Central Highlands, especially Lam Dong, farmers are entering the harvest peak with a mixed mood of selling prices higher than last year but yields are clearly reduced due to prolonged unfavorable weather.
Currently, the amount of goods put on the market is not large because farmers are still surveying price trends. Most pepper growers are prioritizing slow harvesting, waiting for prices to show clearer signs of improvement.
