Domestic pepper prices: Standing "unstable"
As of 1:30 p.m. today (February 18), domestic pepper prices remain unchanged compared to the closing price of the weekly session, increasing by an average of VND100/kg per session, currently the purchase price fluctuates between VND160,000 - VND162,500/kg. The average pepper purchase price nationwide today is 160,900 VND/kg.
Ba Ria - Vung Tau, Binh Phuoc and Gia Lai are the three provinces that have kept the pepper purchase price unchanged at 160,000 VND/kg.
In the same direction, Dak Lak province did not record any major fluctuations when garden owners in this area still sold to the market at 162,000 VND/kg.
Only Dak Nong province recorded a slight increase of VND 500/kg, pushing the price up to VND 162,500/kg.
World pepper prices: Maintain stability on all exchanges
According to the International Pepper Community, on the exchanges, black and white pepper prices on the market remained stable after 2 days of slight increase. Black and white pepper prices remained steady at 7,294 USD/ton (equivalent to 187.019 VND/kg) and 10,068 USD/ton (equivalent to 258.144 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper was traded at 6,800 USD/ton at the end of the week.
In the Malaysian market, ASTA black and white pepper prices remained unchanged, anchored at 9,000 USD/ton and 11,600 USD/ton, respectively.
In Vietnam, the export price of black pepper is unchanged, with 500 g/l traded at 6,500 USD/ton (equivalent to 166.660 VND/kg); 550 g/l is at 6,650 USD/ton (equivalent to 170.506 VND/kg). Similarly, the price of white pepper for export is at 9,550 USD/ton (equivalent to 244.862 VND/kg).
In the Indian market, pepper prices have decreased by 100 rupees/kg in most types of pepper. Garbled pepper costs 67,800 rupees/kg, (equivalent to 206,228 VND/kg), Ungarbled is listed at 65.800 rupees/kg, while gram/liter has the lowest price of 64,800 rupees/kg (exchanged at 197,103 VND/kg).
Assessment and forecast
In the domestic market, some pepper growing areas in Dak Nong province are affected by severe weather, causing productivity to decrease compared to 2024. However, pepper prices remain high from 160,000 to 180,000 VND/kg. This brings great joy to farmers, giving them more motivation in harvesting, investing and taking care of their gardens.
Previously, Dak Nong pepper prices were always at the lowest level when traders came to buy, but in recent years, pepper prices here have skyrocketed, rising to the leading position.
The fact that Dak Nong farmers are increasingly focusing on applying science and techniques to properly care for pepper is one of the most important factors. The harvesting, drying and preservation process is carried out carefully, helping to improve product quality and bring Dak Nong pepper to the market with higher value.
In addition, instead of depositing products to agents or companies as before, farmers have now proactively dried and preserved pepper at home. This helps them avoid being forced to price and sell at a higher price at a favorable time.
For the world market, according to experts, global consumption supply is very limited and demand is expected to continue to increase or remain stable. This will create pressure to increase prices.
