Domestic pepper price: suddenly increased
As of 11pm today (15.4), domestic pepper prices simultaneously raised prices, an average increase of VND 1,300/kg compared to the closing session yesterday. Currently, the purchasing price of pepper ranges from 155,500 - 158,000 VND/kg. The average purchasing price of the whole country is still anchored at VND 156,600/kg.
Along with the price of VND 155,500/kg are two provinces of Gia Lai and Binh Phuoc, an increase of VND 1,500/kg compared to the previous session.
Meanwhile, only an additional price of VND 1,000/kg, Ba Ria - Vung Tau today announced the price of VND 156,000/kg, ranked second among provinces and cities with high pepper purchasing prices.
Notably, after the series of days of Dak Lak province, the breakthrough to the leading position, today Dak Nong province accelerated the increase of 1,500 VND/kg, anchor at the threshold of 158,000 VND/kg. This is also the highest price of pepper purchasing in the country.
World pepper price: Increase, decrease interwoven
According to the international pepper community, on exchanges, black and white pepper prices on the Indonesian market reversed. The price of black pepper "rotates" 0.78%, fluctuates around the price of 7,081 USD/ton (equivalent to 184,673 VND/kg). Slide up to 1.19% compared to the previous price, white pepper price is 9,675 USD/ton (equivalent to 252,324 VND/kg).
Only by 0.73% in Brazil, the price of ASTA 570 black pepper anchor at 6,850 USD/ton.
At the time of the survey, the Malaysian market announced the price of black and white pepper ASTA anchored at the threshold of 9,600 USD/ton and 12,100 USD/ton.
Notably, the price of black pepper exports of Vietnam is going on in the trend. Type 500 g/l trading at 6,600 USD/ton (equivalent to 172,128 VND/kg); Type 550 g/l is currently at 6,800 USD/ton (equivalent to 177,344 VND/kg). Similarly, the price of white pepper exports fluctuates around 9,600 USD/ton (equivalent to 250,368 VND/kg).
In the Indian market, the price of pepper continues to be constant in almost all types of pepper. Garbled pepper costs 67,200 rupees/quintal, (equivalent to 210,000 VND/kg), the listed Ungarbled type for 65.200 rupees/quintal, while the lowest gram/liter is 64,200 rupees/quintal (converted for 200,625 VND/kg).
Judgment and forecast
The price of domestic pepper is on the momentum of recovery after the slowdown due to the influence of the US information expected to apply the reciprocal tax 46% for Vietnamese goods, including pepper items. As soon as Washington announced its postponement of deploying this tax within 90 days, the purchasing activities from international importers immediately were excited again.
Tax postponement movements not only help relieve psychological waiting in the market, but also promote import enterprises to promote transactions to avoid cost risks after the extension of the extension ends.
However, in Vietnam, the supply is being narrowed by the production of the 2025 crop pepper. This development is pushing the price of domestic pepper on the increase and is expected to soon approach 160,000 VND/kg.
