Domestic pepper prices: Stabilized
As of 11:30 am today (January 8), domestic pepper prices remain unchanged in all areas, averaging at 151,500 VND/kg. Currently, key areas are trading in the range of 151,000 - 152,500 VND/kg.
Maintaining a standing state, the pepper price list of regions is currently as follows:
Gia Lai and Dong Nai provinces listed at prices of 150,000 VND/kg and 150,000 VND/kg respectively.
Ho Chi Minh City is anchored at the threshold of 151,500 VND/kg.
Dak Lak and Lam Dong are the two provinces with the highest prices, offering to the market at the milestone of 152,500 VND/kg.
World pepper prices: Same trend
In the world market, pepper prices are stable in some countries. The Indonesian exchange - one of the most vibrant markets is no exception. These two items are traded in the range of 6,746 - 9,182 USD/ton (equivalent to 177,946 VND/kg - 242,203 VND/kg).
Meanwhile, the Brazilian market stabilized after increasing by 50 USD/ton, currently at 6,150 USD/ton (about 162,225 VND/kg). In the opposite direction, black and white pepper traded at 12,000 USD/ton and 9,000 USD/ton.
Notably, in Vietnam's pepper export market, the price of black pepper of 500 g/l and 550 g/l maintains a price range of 6,500 - 6,700 USD/ton. The current ASTA white pepper price is at 9,250 USD/ton (equivalent to 243,997 VND/kg).
Perspectives and forecasts
In recent days, domestic pepper prices have increased by an average of about 2,000-2,500 VND/kg. The current price level is stimulating a small amount of inventory to be sold, but most farmers are still choosing the solution of "stockpiling goods" waiting for higher prices when the main season comes. According to experts, the increase in pepper prices in recent days is not a sudden increase but is based on actual demand.
