Domestic pepper prices: Unstable after a series of fluctuations
As of 11:30 today (September 9), the domestic pepper market is stable. 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 high increase, Ho Chi Minh City listed the price at 140,000 VND/kg.
Pepper prices in Lam Dong province reached 140,000 VND/kg. Notably, Dak Lak is still the province with the largest pepper purchasing price in the country at 142,000 VND/kg.
World pepper prices: intertwined increases and decreases
In the world market, pepper prices are intertwined with green and red in some regions. The Indonesian exchange - one of the most vibrant markets reversed to increase. Currently, these two items are traded between 7,547 - 10,195 USD/ton (equivalent to 198.638 VND/kg - 268,333 VND/kg).
The Brazilian exchange alone recorded a slight decrease of 0.4%, this region is currently at 6,225 USD/ton (about 163,842 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 240,828 VND/kg).
Assessment and forecast
After a period of alternating increases and decreases, the market today tends to move sideways, reflecting cautious sentiment in the context of slowing down buying power and profit-taking activities starting to take place.
Accordingly, after many consecutive sessions of increase, profit-taking has appeared at a number of dealers and commercial speculators. Purchasing power in the market also shows signs of slowing down because exporting enterprises are temporarily cautious and not in a hurry to buy. Some businesses are waiting for clearer signals from the world market before making a decision to import large quantities.
