Continuing its downward trend, further price pressure remains.

According to forecasts, pepper prices on November 6th may continue to fluctuate slightly or remain stable in the short term. The main reason is the limited supply of pepper and the lack of strong signs of recovery in consumer demand.

According to experts, Vietnam is about to enter its harvest season with a projected output of around 170,000 tons, accounting for approximately 35-40% of the global supply. Therefore, world pepper prices may continue to fluctuate.

However, the overall pepper supply is still lower than demand, experts say the price of this commodity is likely to remain good. Cash flow is shifting to coffee, but information about the delayed harvest has the market worried about medium-term supply.

Pepper price forecast for November 6, 2024: Continuing decline, downward pressure remains.

Pepper prices are still better than in previous years, many farmers have made high profits. Short-term price fluctuations may occur because this commodity is affected by many factors.

In the short term, the pepper market is expected to continue facing significant volatility. Pepper prices are likely to remain stable or decline slightly due to limited supply and the lack of strong recovery in consumer demand.

However, in the long term, as the global economy stabilizes and climate change adaptation solutions are effectively implemented, the pepper market may recover and develop again.

In the domestic market, today's pepper prices (November 5, 2024) in the Southeast region maintained a stable trend in most key areas, trading around 140,000 - 141,000 VND/kg; the highest purchase prices were in Dak Nong , Ba Ria - Vung Tau, and Dak Lak provinces.

Accordingly, the purchase price of pepper in Dak Lak is 141,000 VND/kg. The purchase price of pepper in Chu Se (Gia Lai) is 140,000 VND/kg. The price of pepper in Dak Nong today is recorded at 141,000 VND/kg.

In the Southeast region, pepper prices today have not changed compared to yesterday. Specifically, in Binh Phuoc, pepper prices today are at 140,000 VND/kg. In Ba Ria - Vung Tau, it is currently at 141,000 VND/kg.

World Pepper Price Update: According to the International Pepper Association (IPC), at the close of the most recent trading session, the IPC listed Indonesian Lampung black pepper at US$6,671/ton, down 0.18% from yesterday, and Muntok white pepper at US$9,133/ton, down 0.19% from yesterday.

Brazilian ASTA 570 black pepper is priced at US$6,400/ton. Malaysian ASTA black pepper is priced at US$8,500/ton; the price of Malaysian ASTA white pepper reached US$11,000/ton.

Of which, the price of Vietnamese black pepper is stable at 6,500 USD/ton for 500 g/l; 550 g/l at 6,800 USD/ton; and white pepper price at 9,500 USD/ton.

*This information is for reference only. Prices may vary depending on the time and location.

Source: https://congthuong.vn/du-bao-gia-tieu-ngay-6112024-noi-dai-da-giam-ap-luc-giam-gia-van-con-hien-huu-356981.html