Indonesian and Brazilian pepper increased, Vietnam went against the world
Pepper price today June 26 is in the range of 144,000 - 146,000 VND/kg. The International Pepper Community listed an increase in pepper prices in Indonesia and Brazil, while continuing to decrease sharply in Vietnam. Earlier this week, the domestic market had a second shock.
Earlier this week, the domestic market had a sharp decline for the second time since the beginning of the month. Along with that, export pepper prices were adjusted to decrease continuously, causing the domestic market to be affected.
On June 12, domestic pepper prices reached a record level after many years of low levels, reaching 180,000 VND/kg. Immediately after that, the selling force at the peak pulled the price down to 20,000 VND/kg.
The market struggled within the threshold of 160,000 VND/kg for nearly 10 days then dropped sharply by 15,000 VND/kg.
Experts say that in reality, when the price reaches 180,000 VND/kg, buyers almost stand aside. Therefore, adjusting prices down is reasonable now. However, what is the floor price for this reduction, and how many more reductions are there?
Some dealers have faced shortages when they sold out and were unable to buy back when the market increased rapidly. Some agents holding farmers' goods are now back to "squeezing" prices.
At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 7,112 USD/ton, an increase of 0.31%; Brazilian black pepper price ASTA 570 is at 7,500 USD/ton, up 300 USD/ton; Kuching (Malaysia) ASTA black pepper price is 7,500 USD/ton.
Muntok white pepper price was 9,056 USD/ton, up 0.32%; Malaysian ASTA white pepper price is at 8,800 USD/ton.
According to KTĐT.vn
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