Domestic pepper prices: Week follows upward momentum
Today (May 17), domestic pepper prices traded in the range of 141,500 - 144,000 VND/kg, an average increase of 500 VND/kg compared to last week.
At the end of last week, pepper prices in Ho Chi Minh City and Dong Nai both increased by 500 VND/kg, reaching 143,000 VND/kg. Similarly, Gia Lai also recorded an increase of 500 VND/kg, reaching 141,500 VND/kg.
Meanwhile, Dak Lak and Dak Nong (Lam Dong) localities still maintained stability at 144,000 VND/kg.
World pepper prices: Week of strong fluctuations
According to data from the International Pepper Corporation (IPC), pepper prices mostly increased sharply last week.
Indonesian black pepper prices in the past week increased by 1.37% (95 USD/ton), to 7,050 USD/ton. At the same time as the survey, Indonesian white pepper prices ended last week at 9,244 USD/ton, up 0.87% (80 USD/ton) compared to the previous week.
The price of Brazilian black pepper type ASTA 570 also increased by 2.46% (150 USD/ton), reaching 6,250 USD/ton.
Meanwhile, Malaysia's black pepper export price continues to be flat at 9,300 USD/ton.
In Vietnam, the export price of black pepper is stable in the range of 6,100 - 6,200 USD/ton for types 500 g/l and 550 g/l. The price of white pepper in Vietnam is flat, setting the mark of 9,000 USD/ton.
Assessments and forecasts
According to the Vietnam Pepper and Spice Association (VPSA), in general, the pepper and spice industry in the first 4 months of the year showed a fairly positive growth momentum, in which growth in volume was higher than growth in value, reflecting that exports were strongly expanded in terms of commodity scale, but the growth rate of turnover was not completely corresponding because the export prices of some commodity groups did not increase evenly.
Pepper continues to be the leading commodity in the whole industry, while some commodities such as cinnamon, cardamom, nutmeg, anise, chili and ginger and turmeric groups recorded uneven fluctuations, showing that the growth of the whole industry still has differentiation between product groups.
Experts believe that in the event of prolonged conflict, Vietnam's pepper exports are expected to maintain stable growth momentum. Export output may be equivalent to or slightly decrease by about 3-5% compared to 2025 (248 thousand tons), but export turnover is still expected to increase by 5-10% thanks to the high price level being maintained.
