Domestic pepper price
Pepper prices today in key growing areas have all decreased by 1,000 VND/kg compared to yesterday. Thereby, the domestic pepper price level is from 139,000 VND/kg to 141,000 VND/kg.
In the Central Highlands region, pepper price today in Dak Lak decreased by 1,000 VND/kg compared to yesterday, currently at 141,000 VND/kg.
Pepper price today in Gia Lai decreased by 1000 VND/kg compared to yesterday, currently at 139,000 VND/kg.
Pepper price today in Dak Nong is unchanged compared to yesterday, currently at 140,000 VND/kg.
In the Southeast region, pepper price today in Ba Ria - Vung Tau is currently at 139,000 VND/kg, down 1000 VND/kg compared to yesterday. Dong Nai decreased 1000 VND/kg compared to yesterday at 139,000 VND/kg.
In addition, pepper price today in Binh Phuoc decreased by 1,000 VND/kg compared to yesterday, currently at 139,000 VND/kg.
Domestic pepper prices continue to remain high, ranging from VND139,000 to VND141,000 per kilogram. This is a clear sign of a prolonged upward trend in recent weeks. The main reason is that domestic supply is increasingly scarce, while export demand remains stable.
The current pepper price is considered the highest in the past year. Experts say that this price comes from the fact that the harvest has ended in most of the main growing areas, causing a sharp decrease in supply. In addition, some farmers and traders continue to hold on to their goods waiting for prices to increase further, contributing to the reduction in the amount of goods circulating on the market.
In the short term, domestic pepper prices are forecast to remain stable or increase slightly, depending on developments in the export market and farmers' selling decisions. If supplies from Indonesia and Brazil continue to be limited, prices may be supported to increase further. However, if these countries sell simultaneously to lock in profits, domestic pepper prices may be under downward pressure.
Pepper price today 12.7 in world market
In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Association (IPC) has updated the prices of all types of pepper traded in the international market on July 11 (Hanoi time) as follows:
Indonesian Lampung black pepper prices remained unchanged from yesterday at $7,393/ton. In addition, Muntok white pepper prices remained unchanged from yesterday at $10,177/ton.
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 6,225/ton.
Malaysia’s ASTA black pepper price remained unchanged from yesterday at $8,900/ton. Meanwhile, the country’s ASTA white pepper price remained stable from yesterday at $11,750/ton.
Prices of all types of pepper in Vietnam are stable compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l is 6,440 USD/ton; 550 gr/l is 6,570 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at $9,150/ton.
Import demand from international markets also plays an important role in keeping pepper prices high. Major markets such as the US, Europe, the Middle East and India have maintained stable demand.
Meanwhile, competing exporters such as Brazil and Indonesia are nearing the end of their harvests, which has somewhat eased global supply pressure.
In the international market, Vietnamese pepper prices did not fluctuate much compared to the previous trading session. Prices in other exporting countries such as Indonesia, Brazil and Malaysia also remained stable, showing that the market is in the accumulation phase and waiting for new signals from supply and demand.
Source: https://baonghean.vn/gia-tieu-hom-nay-12-7-dong-loat-giam-do-du-quanh-muc-140-000-nghin-10302109.html
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