Domestic pepper prices: Increase, decrease "dizzyingly"
As of 11:30 today (September 8), the domestic pepper market has turned down in some areas, an average decrease of VND 1,000/kg. Currently, pepper purchasing prices are recorded at 140,000 - 142,000 VND/kg.
Pepper prices in Gia Lai province today remain unchanged, anchored at 140,000 VND/kg. In the same direction, Dong Nai pepper prices remained stable at VND 141,000/kg compared to the previous session.
After a period of high prices, Ho Chi Minh City reversed and lowered prices, bringing the price to 140,000 VND/kg.
Pepper prices in Lam Dong province reached 140,000 VND/kg, down 1,000 VND/kg. Notably, despite a price cut of VND 2,000/kg, Dak Lak is still the province with the largest pepper purchasing price in the country at VND 142,000/kg.
World pepper prices: Extending the series of stable days
In the world market, pepper prices remain stable in most regions. The Indonesian exchange - one of the most vibrant markets is no exception. Currently, these two items are traded between 7,385 - 10,167 USD/ton (equivalent to 194,263 VND/kg - 267,443 VND/kg).
The Brazilian exchange alone recorded a slight decrease of 0.4%, this region is currently at 6,225 USD/ton (about 163,749 VND/kg). Meanwhile, Malaysia's black and white pepper remained at 11,750 USD/ton and 8,900 USD/ton.
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l is stable, currently anchored at 6,440 - 6,570 USD/ton. ASTA white pepper prices reached 9,150 USD/ton (equivalent to 240,691 VND/kg).
Assessment and forecast
Vietnam is the world's leading pepper exporter, recently, the increase in pepper imports shows a new strategic trend from domestic enterprises.
In order to maintain processing activities and meet orders signed with foreign partners, businesses are forced to seek raw materials from other countries. Imports are not only a temporary solution in the context of a serious decline in domestic output but are also considered a strategic direction in the context of many changes in the global pepper supply chain.
