Domestic pepper prices: Increase in some areas
As of 11:30 a.m. today (May 16), the domestic pepper market fluctuated slightly, increasing by an average of 400 VND/kg compared to the previous session. Currently, the purchase price of pepper is recorded at 151,000 - 153,000 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 153,000/kg.
Notably, the three provinces of Binh Phuoc, Gia Lai and Ba Ria - Vung Tau kept the price unchanged at 151,000 VND/kg.
World pepper prices: Slight fluctuations
In the world market, consumer prices generally continue to maintain a stable state. In the Indonesian market alone, black pepper prices increased by 0.19% to 7,252 USD/ton (equivalent to 189,350 VND/kg); white pepper listed at 9,983 USD/ton (about 260,657 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 174,937 - 177,548 VND/kg). ASTA white pepper prices also remain unchanged, at 9,700 USD/ton (about 253,267 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 310,709 VND/kg).
Assessment and forecast
The domestic pepper market recorded a continuous up and down trend, but fluctuations were still within a narrow range compared to many previous sideways sessions. According to experts, although this year's output is still limited, domestic purchase prices have not yet met expectations, making pepper growers more cautious in bringing products to the market.
However, pepper prices are now significantly higher than the same period last year. The Import-Export Department (Ministry of Industry and Trade) said that many enterprises are entering the stage of completing delivery contracts for the second quarter of 2025, which could create a slight push for prices in the period from mid-May to early June. In addition, the strong increase in demand from European and Middle Eastern markets to serve the holiday and tourism season is also a supporting factor.
