Pepper prices in the domestic market today are stable and slightly decreased in some localities. Currently, the average pepper purchase price in key areas is 139,200 VND/kg.
Domestic pepper price today
Domestic pepper price today is stable and slightly decreased in some localities. However, domestic pepper price is still quite high. Currently, the average pepper purchase price in key areas is 139,200 VND/kg.
Specifically, today's pepper price in Gia Lai province decreased by 1,000 VND/kg compared to yesterday's trading session, currently the pepper purchase price in this locality is at 138,000 VND/kg.
Similarly, pepper price in Dak Lak decreased by 1,000 VND/kg compared to yesterday, currently pepper price in this locality is purchased by traders at 140,000 VND/kg.
However, pepper prices in Ho Chi Minh City are stable compared to yesterday, currently pepper prices are purchased at 139,000 VND/kg.
Pepper prices today in Dong Nai are also stable, currently pepper prices are purchased at 139,000 VND/kg.
Pepper prices today in Lam Dong are unchanged compared to yesterday, currently pepper traders in this locality are purchasing pepper at 140,000 VND/kg.
Statistics show that the current domestic pepper price is still higher than the price level of previous years. This is a positive signal for the domestic market and shows that demand is gradually improving and sellers are more optimistic. The fact that prices fluctuate up and down within a narrow range reflects the stability of supply and demand, in the context that supply from farmers is no longer as abundant as at the beginning of the year.
One of the reasons contributing to the current pepper price support is the US government's imposition of higher tariffs on pepper imported from countries such as Indonesia and Brazil. This could disrupt global supply, while creating greater export opportunities for Vietnamese pepper in the coming months.
In the short term, domestic pepper prices are expected to remain high as inventories are low, while export enterprises are actively collecting goods to meet orders in the third quarter. In addition, the downward trend in output in some key exporting countries and the recovery in consumer demand after a sluggish first half of the year will also be positive factors supporting the market.
Latest information, the Ministry of Agriculture and Environment of Vietnam said that in the first half of this year, pepper exports to many markets increased sharply compared to the same period last year. Specifically, the most important market is the US, increasing by 35% and accounting for 27% of the market share; followed by Germany with a market share of over 9%, also achieving a growth rate of 74%; third is India, accounting for 8% of the market share and growing by 87%.
World pepper prices today
In the world market, pepper prices fluctuated downward in Indonesia and Brazil; other countries remained stable compared to previous trading sessions.
Specifically, the International Pepper Association listed the price of Indonesian Lampung black pepper at 7,222 USD/ton; similarly, the price of Muntok white pepper is currently purchased at 10,066 USD/ton.
The Malaysian pepper market continues to remain stable, moving sideways, currently the price of Malaysian ASTA black pepper is purchased at 8,900 USD/ton and the price of ASTA white pepper is at 11,750 USD/ton.
Pepper prices in Brazil fluctuated down compared to yesterday, down 50 USD/ton, the current purchase price reached 5,750 USD/ton.
Vietnam's pepper export market continued to maintain stability and remained unchanged compared to the previous trading session, the current export price of Vietnamese black pepper is at 6,440 USD/ton for 500 g/l; 550 g/l at 6,570 USD/ton and white pepper is at 9,150 USD/ton.
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