Domestic pepper prices: insignificant adjustment
As of 11am today (11.), domestic pepper prices have stabilized after the price drop, except for Dak Lak and Dak Nong provinces, with an average decrease of 300 VND/kg. Currently, the purchase price ranges from 157,000 - 158,500 VND/kg. The average pepper purchase price nationwide is at 157,600 VND/kg.
Pepper purchasing prices in the three provinces of Ba Ria - Vung Tau, Binh Phuoc, Gia Lai remained unchanged, listed at 157,000 VND/kg.
Notably, after a large decrease in the price difference, Dak Lak and Dak Nong provinces today narrowed the gap, reducing the price by VND 500/kg and VND 800/kg respectively, selling to the market at VND 158,500/kg.
World pepper prices: Unexpected increase
According to the International Pepper Community, on the trading floors, the price of black and white pepper in the Indonesian market remained unchanged after a series of sharp declines. Black pepper prices are listed at 7,376 USD/ton (equivalent to 189,564 VND/kg). Similarly, white pepper prices are stable at 10,242 USD/ton (equivalent to 263,220 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper was trading at 6,900 USD/ton, unexpectedly increasing by 0.72%.
Meanwhile, in the Malaysian market, ASTA black and white pepper prices remained unchanged last week, anchored at 9,800 USD/ton and 12,300 USD/ton.
Notably, in Vietnam, exported black pepper prices continued to remain unchanged. The 500 g/l type is traded at 7,000 USD/ton (equivalent to 179,900 VND/kg); the 550 g/l type is currently at 7,200 USD/ton (equivalent to 185,040 VND/kg). Similarly, the price of white pepper for export is at 10,000 USD/ton (equivalent to 257,000 VND/kg).
In the Indian market, pepper prices remain unchanged in most pepper cultivars. Garbled pepper costs 67,200 rupees/kg, (equivalent to 203,697 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 197,635 VND/kg).
Assessment and forecast
Increased supply from the new harvest combined with weak international demand are believed to be the main reasons for the downward pressure on prices on the market. However, farmers and distributors continue to keep goods instead of selling, reducing trading volume. Global output is forecast to fall to 434,000 tons in 2025, making it difficult for prices to fall sharply.
Currently, pepper inventories in Vietnam and the world are all close to bottom, so in 2025, experts predict that pepper prices will remain high and gradually increase. The two main consumption markets in the world are still the US and China, which are also the two markets that Vietnamese pepper focuses on exploiting.
As of the first two months of 2025, the US is still Vietnam's largest export market with 5,890 tons, accounting for 21.5% of the market share despite a decrease of 32.7%. China's imports increased sharply, reaching 1,523 tons, up 86.6%.
