VINAGRI News - Vietnam’s domestic pepper prices declined across all surveyed producing regions on October 9, with the national trading range falling to VND 135,500 - 139,000/kg. Lam Dong recorded the sharpest drop, while export prices for Vietnamese black pepper also weakened. Meanwhile, Indonesian black and white pepper prices edged higher, and Malaysian prices remained unchanged.
Summary:
> Domestic prices decline: Pepper prices fell by VND 1,000 - 1,500/kg across all surveyed regions, with the national range at VND 135,500 - 139,000/kg.
> Lam Dong records the steepest drop: Prices fell by VND 1,500/kg to VND 139,000/kg, remaining the highest among the surveyed localities.
> Vietnamese export prices weaken: Black pepper prices fell to USD 5,995/ton for the 550 g/l grade and USD 5,950/ton for the 500 g/l grade.
> Mixed international trends: Indonesian black and white pepper prices rose slightly, while Malaysian black and white pepper prices remained stable.
Vietnam’s domestic pepper market
Vietnam’s domestic pepper prices declined across all major producing regions on the morning of October 9, following several consecutive sessions of relative stability. The latest adjustments brought the average trading range down to VND 135,500 - 139,000/kg.
Lam Dong recorded the largest decrease, falling by VND 1,500/kg to VND 139,000/kg. Despite the decline, the province continued to post the highest purchase price among the surveyed regions.
In Dak Lak, pepper prices dropped by VND 1,000/kg to VND 137,500/kg. Prices in Ho Chi Minh City also fell by VND 1,000/kg to VND 136,000/kg.
Meanwhile, Gia Lai and Dong Nai both recorded decreases of VND 1,000/kg, bringing prices to VND 135,500/kg, the lowest levels among the surveyed localities.
The latest declines mark a clearer downward correction in the domestic market, with the highest price slipping below VND 140,000/kg.
International pepper market
According to the International Pepper Association (IPC), export prices for Vietnamese black pepper weakened on October 9.
Vietnamese black pepper of the 550 g/l grade fell by USD 80/ton, or 1.32%, to USD 5,995/ton. The 500 g/l grade declined by USD 20/ton, or 0.34%, to USD 5,950/ton.
In contrast, Indonesian black pepper prices edged up by USD 6/ton to USD 6,834/ton. Malaysian black pepper prices remained unchanged at USD 9,200/ton, while Brazilian ASTA 570 black pepper held steady at USD 5,800/ton.
White pepper prices
White pepper prices showed a mixed trend across major exporting countries.
Indonesian Muntok white pepper increased by USD 9/ton to USD 9,357/ton. Vietnamese white pepper prices remained unchanged at USD 8,450/ton, while Malaysian white pepper continued to trade at USD 12,100/ton.
Exchange rate: USD 1 = VND 25,634.
NPK/ Vinagri News
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