Will the uptrend continue?

Last week, the domestic pepper market fluctuated continuously within a narrow range and the weekly summary showed mixed fluctuations. Accordingly, pepper prices in the Central Highlands increased slightly by VND500, while those in the Southeast decreased by VND500-1,000. Meanwhile, the world market fluctuated continuously within a small range.

Pepper price forecast on October 22, 2024 is still stable. The domestic market has not shown any signs of major fluctuations, as pepper supply still meets demand.

The slight upward trend of pepper export prices in the international market, along with Vietnam preparing to enter the year-end period, a time of high consumption demand, will help maintain the current price level. However, experts also warn that pepper prices may be affected by the global economic situation and factors such as fluctuations in supply and demand in major consumer markets such as the US and Europe.

Pepper price forecast October 22, 2024: Will the uptrend continue?

In the domestic market, pepper prices today, October 21, 2024, in the Southeast region, remained stable in some localities, trading around 143,000 VND/kg, the highest purchase price in Dak Nong and Dak Lak provinces was 144,500 VND/kg.

Accordingly, the price of Dak Lak pepper was purchased at 144,500 VND/kg, unchanged from yesterday. The price of Chu Se pepper (Gia Lai) is currently at 143,000 VND/kg, stable compared to yesterday. The price of Dak Nong pepper today is recorded at 144,500 VND/kg, unchanged from yesterday.

In the Southeast region, pepper prices today are stable compared to yesterday. Specifically, in Ba Ria - Vung Tau at 143,500 VND/kg; in Binh Phuoc, pepper prices reached 143,000 VND/kg.

In the world market, at the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper in Indonesia at 6,794 USD/ton. Meanwhile, the price of Muntok white pepper in this country was anchored at 9,302 USD/ton.

The price of Kuching ASTA black pepper from Malaysia is at 8,700 USD/ton; while the price of ASTA white pepper from this country is at 11,200 USD/ton.

For the Brazilian market, the price of ASTA 570 black pepper is trading at the threshold of 6,400 USD/ton.

In Vietnam, the export price of 500 g/l black pepper is trading at 6,500 USD/ton; and 550 g/l is at 6,800 USD/ton. The export price of white pepper is at 9,500 USD/ton.

World pepper prices today are flat. Last week, the pepper market fluctuated in opposite directions. IPC commented that the pepper market last week continued to have mixed reactions. Domestic and international Indian pepper prices continued to be reported with a downward trend in the past 3 weeks. When the Indonesian Rupiah strengthened against the USD, it helped the country's pepper prices increase again.

* Information for reference only. Prices may vary depending on time and location.

Source: https://congthuong.vn/du-bao-gia-tieu-ngay-22102024-da-tang-lieu-co-dien-ra-353803.html