Domestic pepper price: Sharp decrease compared to the beginning of last week
As of 5:00 a.m. today (June 9), the domestic pepper market price remained the same as yesterday, but decreased sharply compared to the beginning of last week. Currently, the pepper purchase price is recorded at 142,000 - 143,000 VND/kg.
Pepper prices in Ba Ria - Vung Tau decreased sharply by 3,000 VND/kg compared to the beginning of last week, staying at 142,000 VND/kg. Similarly, pepper prices in Dak Lak also decreased by 3,000 VND/kg compared to yesterday, staying at 143,000 VND/kg.
Gia Lai and Binh Phuoc both listed prices at 142,000 VND/kg, down 2,500 VND/kg and 3,000 VND/kg respectively compared to last week.
Meanwhile, Dak Nong is the province with the highest purchasing price in the country at 143,000 VND/kg, down 1,000 VND/kg compared to last week.
World pepper prices: All remain unchanged
In the world market last week, Indonesian pepper prices fluctuated the most. At the Indonesian exchange, black pepper and white pepper were listed at 7,437 USD/ton (up 10 USD/ton); white pepper was listed at 10,142 USD/ton (up 17 USD/ton).
In Vietnam, the export price of black pepper 500 g/l and 550 g/l decreased sharply by 200 USD/ton compared to last week, fluctuating in the range of 6,300 to 6,400 USD/ton (equivalent to 165,401 - 168,026 VND/kg). The price of ASTA white pepper is at 9,300 USD/ton (about 244,163 VND/kg).
Malaysian and Brazilian exchanges were stable. Malaysian white pepper continued to hold the highest global price at USD 11,850/ton (equivalent to VND 311,110/kg).
Comments and forecasts
According to Korf Food Products BV (Netherlands), political conflicts and constantly changing trade tax policies are disrupting global trade flows. This causes disruptions in the logistics system, leading to soaring transportation costs. In the context of instability, many exporters are hesitant to fix pepper prices for future shipments.
Normally, commodity prices are determined by the laws of supply and demand and can be somewhat predicted by technical analysis. However, market sentiment is currently putting great pressure on price movements, especially for pepper.
Vietnam pepper prices have recently fallen by about 4%. This is a technical support level that has been tested many times in the past 10 months and often provides support for price recovery. However, the prospect of increasing pepper prices still depends on macroeconomic and trade factors.
A positive signal for the market is that tariff negotiations between Vietnam and the US are progressing. During his working trip to the US, Minister of Agriculture and Environment Do Duc Duy met with two senior figures in the US agricultural sector: Senator John Boozman and Congressman Glenn GT Thompson.
The Minister emphasized that Vietnam and the US can complement each other in agricultural development, instead of competing directly. Vietnam wants to import agricultural technology from the US, while expanding exports of products such as coffee, pepper, shrimp and wooden products to this market.
Source: https://baonghean.vn/gia-tieu-hom-nay-9-6-2025-giam-manh-so-voi-dau-tuan-truoc-10299223.html
Comment (0)