Pepper market on June 25, 2024: Trading around 145,000-146,000 VND/kg
Pepper price today June 25 is in the range of 145,000 - 146,000 VND/kg. This year, with little inventory, most farmers kept their goods. The sharp decline earlier this week may have had speculative elements. Agents kept farmers' goods, now turning to pressurize prices.
This year, with small inventories, most farmers kept their goods, in a context where there was no financial pressure like in previous years. The sharp decline earlier this week may have had speculative elements from market participants. Agents kept farmers' goods, now turning to pressurize prices.
In addition, domestic pepper prices have decreased because the world market is plummeting. In 2 recent consecutive trading sessions, Vietnam's export pepper prices dropped sharply. Ahead of the Muslim holiday Eid al-Adha, the market surged as buying increased. Right after the holiday, the trading market returned to normal, causing prices to fall sharply.
At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 7,090 USD/ton, down 9.62%; Brazilian black pepper price ASTA 570 was at 7,200 USD/ton, down 4.17% USD/ton; Kuching (Malaysia) ASTA black pepper price is 7,500 USD/ton.
Muntok white pepper price was 9,027 USD/ton, down 7.36%; Malaysian ASTA white pepper price is at 8,800 USD/ton.
In the first session of the week, both world and domestic pepper prices adjusted sharply down after a period of moving sideways at the end of last week.
The International Pepper Community commented that last week showed mixed reactions when Muslims around the world celebrated Eid al-Adha.
Accordingly, in the South Asia region, India's domestic and international pepper prices have continued to increase over the past 5 weeks. After 5 weeks of recording increases, Sri Lankan domestic pepper prices decreased last week.
In Southeast Asia, although the Indonesian Rupiah decreased by 1% against the USD (16,415 IDR/USD), both domestic and export pepper prices in this country continued to increase since last week.
Malaysian domestic pepper prices continued to increase in the past 2 weeks. Furthermore, the export price of pepper in this country also recorded an increase. Only Vietnam's domestic black pepper price recorded a decrease last week. Other types are stable.
After 3 weeks of recording an increase, Brazilian black pepper prices recorded a decrease last week. Prices of Chinese white pepper and Cambodian black pepper are both stable and unchanged.
According to KTĐT.v
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