Domestic pepper prices: Unexpectedly stable
As of 1:30 p.m. today (September 21), the domestic pepper market is unchanged. Currently, the purchase price of pepper is recorded at 123,000 - 125,000 VND/kg.
Key provinces and cities such as Ba Ria - Vung Tau, Binh Phuoc and Gia Lai are anchored at 123,000 VND/kg. Meanwhile, Dak Lak and Dak Nong provinces both purchased at VND125,000/kg today, despite having a day of price reduction of up to VND4,000/kg.
World pepper prices: Red
In the world market, pepper prices continue to fall. The Indonesian exchange - one of the most vibrant markets is no exception. Currently, these two items are listed at 7,461 USD/ton (equivalent to 196,091 VND/kg). In the same direction, white pepper was listed at 10,079 USD/ton (about 264,897 VND/kg).
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l fluctuated sideways, fluctuating between 6,000 - 6,100 USD/ton. ASTA white pepper prices reached 9,000 USD/ton (equivalent to 236,538 VND/kg).
The Brazilian exchange rate is stable, this region is currently at 6,050 USD/ton (about 159,007 VND/kg). Meanwhile, Malaysia's black and white pepper maintained a decrease of 0.85% and 1.11%, standing at 11,750 USD/ton and 9,000 USD/ton.
Assessment and forecast
Geopolitical tensions in the Middle East are increasing concerns and making many investors more cautious about the pepper market. Along with that, fluctuations in exchange rates and unstable transportation costs contribute to creating short-term pressure on prices.
However, medium and long-term factors bring positive prospects. Notably, a trade agreement between Vietnam and the US expected to be signed in July 2025 is expected to open a major turning point for the Vietnamese pepper industry.
