Domestic pepper prices: deep decrease this week
As of 11:30 today (October 19), domestic pepper prices are trading in the range of 144,000 - 146,000 VND/kg, an average increase of 2,000 - 4,000 VND/kg compared to last week depending on the region.
At the end of last week, Ho Chi Minh City and Dong Nai recorded the sharpest decrease, about 4,000 VND/kg, to 145,000 VND/kg.
Meanwhile, pepper prices in Dak Lak and Dak Nong are common at 146,000 VND/kg, down 2,000 VND/kg.
In Gia Lai, the owner of the growing area sold at the lowest level of 144,000 VND/kg, down 2,000 VND/kg.
World pepper prices: Decrease
According to the International Pepper Company (IPC), world pepper prices fell last week.
In particular, Indonesia's black pepper prices decreased slightly by 2 USD/ton compared to last week and are currently trading at 7,228 USD/ton. In the same direction, the price of Indonesian white pepper decreased by 3 USD/ton, reaching 10,085 USD/ton.
Brazilian ASTA black pepper was traded at 6,100 USD/ton, down 100 USD/ton compared to last week.
In the same direction, ASTA Malaysia black and white pepper prices maintained a stable trading state, selling at 9,500 USD/ton and 12,500 USD/ton, respectively.
Notably, Vietnam's export black pepper prices decreased the most, losing 200 USD/ton, currently fluctuating between 6,400 - 6,600 USD/ton for the 500 g/l and 550 g/l type.
Assessment and forecast
After a period of strong increase in the first half of October, pepper prices are entering an adjustment phase, when the amount of goods put on the market is greater. According to traders, supply returning to the market has shown signs of "lowing down", although the decrease is still within a narrow range.
However, the medium-term trend is still assessed as positive. People's inventories are not abundant, while import demand from the US, India and China is forecast to increase sharply by the end of the year. Experts say that if supply continues to tighten, pepper prices can completely recover to the highlands in the fourth quarter of 2025.
