Vietnamese pepper market is getting firm these days. Farmers, local sellers would tighten their stocks rather than sell out below VND56k-57k/kg ex farm gate. And this has been lasting for a week. Although export at the spot levels keep moving sluggishly, Vietnamese sellers constantly expect that with the running out stock from Brazil, their prices would be restored somehow.
Export prices today are ranging:
- VBP 500 FAQ @ 2600-2650 USD/mt
- VBP 550 FAQ @ 2700-2750 USD/mt
- VBP 500 MC @ 2800-2850 USD/mt
- VBP 550 MC@ 2850-2900 USD/mt
- VBP 5MM @ 2950-3000 USD/mt
- WP @ 4150-4200 USD/mt