Domestic pepper prices: intertwined increases and decreases
As of 11:30 today (15.), the domestic pepper market fluctuated significantly after a series of unchanged days, increasing by an average of 100 VND/kg compared to the previous session. Currently, the purchase price of pepper is recorded at 151,000 - 152,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong both increased by VND 1,000/kg, rising to the top position among the provinces and cities with the highest purchasing prices in the country, anchored at VND 152,000/kg.
Binh Phuoc recorded the price at 151,000 VND/kg, down slightly by 500 VND/kg.
In particular, Ba Ria - Vung Tau suddenly decreased sharply by VND 1,000/kg, to VND 151,000/kg.
Notably, Gia Lai province maintained the price of 151,000 VND/kg, without recording any price adjustment.
World pepper prices: Reversal developments
In the world market, consumer prices generally continue to maintain a stable state. In the Indonesian market, black pepper prices stagnated at 7,238 USD/ton (equivalent to 188,912 VND/kg); white pepper was listed at 9,963 USD/ton (about 260,035 VND/kg).
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l remains unchanged at 6,700 - 6,800 USD/ton (equivalent to 174,870 - 177,480 VND/kg). ASTA white pepper prices also remain unchanged, at 9,700 USD/ton (about 253,170 VND/kg).
In the same direction, other markets such as Brazil and Malaysia did not record any fluctuations. Malaysia's white rice continues to hold the highest price globally at 11,900 USD/ton (equivalent to 310,590 VND/kg).
Assessment and forecast
According to the Import-Export Department (Ministry of Industry and Trade), based on current supply-demand factors, some experts in the industry predict that pepper prices may increase slightly in the period from mid-May to early June 2025, when export enterprises complete their delivery contracts for the second quarter of 2025.
Some European and Middle Eastern markets have boosted imports to serve holidays and travel seasons. At the same time, world pepper prices are likely to recover slightly if supply from the Brazilian market is at a disadvantage in the weather. However, the forecast increase is not large, fluctuating around 500 - 1,000 VND/kg and depends largely on the exchange rate as well as the global trade situation.
