Domestic pepper prices: Stable in the first session of the week
As of 3:00 p.m. today (September 7), domestic pepper prices have been moving sideways, currently the pepper purchase price fluctuates between 153,000 - 155,000 VND/kg. The average pepper purchase price nationwide is at 154,200 VND/kg.
Purchased at the lowest price among provinces and cities is Gia Lai province, currently pepper in this area is listed at 153,000 VND/kg.
Pepper prices were simultaneously fixed at VND154,000/kg in Ba Ria - Vung Tau and Binh Phuoc provinces.
Dak Lak and Dak Nong provinces still hold the highest pepper purchasing position in the country, anchored at 155,000 VND/kg.
World pepper prices: Developing in the same direction
According to the International Pepper Community, on the exchanges, the price of black and white pepper in the Indonesian market is stable. Black pepper prices fluctuated around 7,239 USD/ton (equivalent to 187,925 VND/kg). The price of white pepper announced is 10,066 USD/ton (equivalent to 261,314 VND/kg).
For the Brazilian market, ASTA 570 black pepper prices are anchored at 6,950 USD/ton after a sudden decrease of 0.72%.
In the Malaysian market, ASTA black and white pepper prices are anchored at 9,850 USD/ton and 12,300 USD/ton, respectively.
Notably, Vietnam's black pepper export price has moved sideways. The 500 g/l type is traded at 7,100 USD/ton (equivalent to 184,316 VND/kg); the 550 g/l type is currently at 7,300 USD/ton (equivalent to 189,508 VND/kg). Similarly, the price of white pepper for export fluctuates around 10,100 USD/ton (equivalent to 262,196 VND/kg).
In the Indian market, pepper prices continued to remain unchanged in most pepper prices. Garbled pepper costs 67,200 rupees/kg, (equivalent to 210,733 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 201,325 VND/kg).
Assessment and forecast
According to the latest report from Ptexim, the last week of March saw improvements from demand from the EU, US and Asian markets, while China's purchasing power remained weak.
The Import-Export Department (Ministry of Industry and Trade) informed that the US will import pepper from 35 markets in January 2025. Of which, Vietnam is the largest supplier, accounting for nearly 65% in volume and 67% in value. Therefore, the new tax policy could affect global supply.
Even though 60-70% of the total pepper output has been harvested, the supply is still limited due to the psychology of domestic garden owners holding goods, waiting for prices to increase to bring a large quantity to the market.
