Domestic pepper prices
As of 11:30 AM today (July 9), domestic pepper prices remained unchanged, continuing to be listed at 139,200 VND/kg. Currently, key areas are trading in the range of 138,000 - 141,000 VND/kg.
Domestic pepper prices recorded a stabilization day after a sharp increase in all provinces and cities:
Gia Lai and Dong Nai simultaneously listed at the mark of 138,000 VND/kg.
In the same direction, Ho Chi Minh City traded at the 139,000 VND/kg mark.
Notably, Lam Dong and Dak Lak offered for sale at the highest purchase price in the whole region of 140,000 VND/kg and 141,000 VND/kg.
World pepper price
In the world market, pepper prices continue to move sideways 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
Explaining the strong wave of increase in domestic pepper prices, analysts said that the price level has receded deeply in previous sessions, causing selling pressure from farmers and agents to slow down. When the supply of goods to the market is no longer abundant, purchasing points must raise prices to activate transactions.
Along with that, domestic and export buying power shows signs of recovery. The fact that many regions have increased from 3,000 - 5,000 VND/kg shows that this is a widespread increase to the entire key growing region.
However, export orders have not had much fluctuation in recent days. If buying power is not maintained, today's strong increase may shift to a state of stalemate in the coming sessions.
