Domestic pepper prices
As of 11:30 AM today (July 7), domestic pepper prices continued to be flat, listed at 135,000 VND/kg. Currently, key areas are trading in the range of 134,000 - 136,000 VND/kg.
Domestic pepper prices have interrupted the 3-day consecutive sideways streak when they reversed to increase in all provinces and cities:
Dong Nai is the area that puts it on the market with the lowest price of 134,000 VND/kg, an increase of 1,000 VND/kg.
Gia Lai province and Ho Chi Minh City traded at the 15,000 VND/kg mark, an increase of 1,000 VND/kg.
With the same increase, Lam Dong and Dak Lak offered for sale at the highest purchase price in the whole region of 130,000 VND/kg.
World pepper price
In the world market, pepper prices continue to maintain a sideways trend in all countries. Indonesian black pepper and white pepper are no exception, trading in the range of 7, 121 - 9, 253 USD/ton (equivalent to 188, 444 VND/kg - 244,863 VND/kg).
Meanwhile, the price of black pepper in Brazil sold to the market is 5,900 USD/ton (about 156. 132 VND/kg). Notably, black and white pepper in Malaysia 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 unchanged 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 238,167 VND/kg).
Assessments and forecasts
After a sharp decrease last week, the market has had new signals to form a clear upward momentum.
In the short term, pepper prices may continue to fluctuate around the area of 134,000 - 136,000 VND/kg. Factors that may affect the domestic pepper price trend include purchasing demand from export businesses, the amount of goods still in the people and price movements in the Indonesian, Brazilian, and Malaysian markets. This is a factor that can help the domestic market limit deep downward pressure in the coming time.
