Domestic pepper prices: Interrupt the series of stagnant days
As of 11:30 am today (May 9), domestic pepper prices increased, averaging 142,800 VND/kg. Currently, key areas are trading in the range of 141,000 - 144,000 VND/kg.
Domestic pepper prices after 6 consecutive days of sideways movement have changed, currently the listed prices in regions are as follows:
Gia Lai province increased sharply by 1,000 VND/kg, trading at the mark of 141,000 VND/kg.
In the same direction, Dong Nai recorded an increase of 500 VND/kg, listed at a price of 142,500 VND/kg.
Meanwhile, 3 provinces Ho Chi Minh City, Dak Lak and Lam Dong remained unchanged, offering for sale at purchase prices of 142,500 VND/kg and 14,000 VND/kg respectively.
World pepper prices: In the same direction
In the world market, pepper prices are mostly stable in countries. The two items of black and white pepper in Indonesia are unchanged, trading in the range of 6,955 - 9,164 USD/ton (equivalent to 183,383 VND/kg - 241,628 VND/kg).
The Brazilian market maintained an increase of 100 USD/ton, listed at 6,100 USD/ton (about 16,839 VND/kg). In the same direction, black and white peppers remained unchanged, trading at 12,200 USD/ton and 9,300 USD/ton.
In Vietnam's pepper export market, the price of black pepper of 500 g/l and 550 g/l remains 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 237,303 VND/kg).
Assessments and forecasts
Although pepper prices have slightly adjusted, there have not yet been breakthrough increases in the market. According to traders, many farmers still have a mentality of keeping goods, expecting pepper prices to continue to increase in the near future when supply is no longer as abundant as before.
In addition, Vietnam's sharp increase in pepper imports shows that the demand for raw materials for processing and export is still very large. In the context that domestic supply is no longer too abundant, businesses are promoting imports to ensure orders and maintain export activities in the coming time.
