Domestic pepper prices: Unexpected price drop
As of 11:30 today (6.), the domestic pepper market has reversed, an average decrease of VND 1,400/kg. Currently, the purchase price of pepper is recorded at 142,000 - 143,000 VND/kg.
Gia Lai, Binh Phuoc and Ba Ria - Vung Tau are three provinces with prices of 142,000 VND/kg, down from 1,000 - 2,000 VND/kg.
Meanwhile, Dak Nong and Dak Lak are currently the two provinces with the highest purchasing prices in the country with the listed price of 143,000 VND/kg, down 1,000 - 2,000 VND/kg respectively.
World pepper prices: Unstable at the end of the week
In the world market, pepper prices suddenly remained unchanged. The Indonesian exchange - one of the most vibrant markets is no exception. Currently, these two items are listed at 7,437 USD/ton; white pepper is listed at 10,142 USD/ton.
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l ranges from 6,300 - 6,400 USD/ton. ASTA white pepper prices reached 9,300 USD/ton.
Notably, the Malaysia and Brazil exchanges remained stable. Malaysia's white rice continues to hold the highest price globally at 11,850 USD/ton.
Assessment and forecast
Unstable geopolitical situation and changes in trade tax policy have disrupted normal trade flows and led to disruptions in the global logistics system. These factors have led to a sharp increase in transportation duties, causing exporters to be hesitant to quot prices for the next shipments.
Along with that, the market sentiment reserved about the constant fluctuations of pepper exchanges is also putting pressure on prices.
