Pepper prices on January 19th: Domestic market remains stable, highest price at 148,500 VND/kg.
Pepper prices today, January 19th, remained stable in key producing regions. Meanwhile, the export price of Vietnamese black pepper remained high at $6,800 per ton on the international market.
On the morning of January 19th, pepper prices in key growing regions across the country remained stable, with no new fluctuations compared to the end of last week. The current purchase price ranges from 147,500 to 148,500 VND/kg, reflecting the cautious sentiment of the market at the start of the week's trading session.
Domestic pepper price trends on January 19th.
In the Central Highlands and Southeast regions, pepper prices remained unchanged in all surveyed localities today. Notably, Dak Lak and Lam Dong continued to record the highest purchase prices nationwide.
| Local | Purchase price (VND/kg) | Fluctuations |
|---|---|---|
| Dak Lak | 148,500 | But |
| Lam Dong | 148,500 | But |
| Gia Lai | 148,000 | But |
| Ho Chi Minh City | 148,000 | But |
| Dong Nai | 147,500 | But |
Overall, pepper prices in Dong Nai are currently the lowest in the market at 147,500 VND/kg. This stability is occurring while domestic supply is awaiting clearer signals from international import demand.
The global market remains stable.
According to updates from the International Pepper Association (IPC), export pepper prices on the world market remained unchanged compared to the previous session. In Indonesia, Lampung black pepper prices remained at US$6,563/ton, while Muntok white pepper held at US$9,118/ton.
In South America, Brazilian pepper prices remained stable at $6,100 per ton. Similarly, the Malaysian market also saw no significant fluctuations, with ASTA black pepper and ASTA white pepper prices reaching $9,000 per ton and $12,200 per ton respectively.
Vietnamese pepper export prices remain high.
Despite a stagnant domestic market, Vietnam's export prices for pepper remain high compared to regional competitors. Specifically:
- Black pepper, 500 gr/l:6,600 USD/ton.
- Black pepper, 550 gr/l:6,800 USD/ton.
- White pepper for export:9,350 USD/ton.
The fact that export prices remain high shows that the quality of Vietnamese pepper still retains its appeal in the international market, despite pressures from exchange rates and logistics costs. Experts predict that the market may maintain this accumulation phase before establishing a new trend in the coming weeks.
