Domestic pepper prices: Maintain stability
As of 11:30 today (February 19), domestic pepper prices have not changed compared to the previous trading level in all provinces and cities. Currently, the purchase price ranges from 160,000 - 162,500 VND/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.
Dak Nong province firmly holds the leading position among the provinces and cities with the highest pepper purchases in the country, listed at 162,500 VND/kg.
World pepper prices: Slight decrease in the middle of the week
According to the International Pepper Community, on the trading floors, black and white pepper prices in the Indonesian market fell after a series of stagnant days. Black and white pepper prices both decreased slightly by 0.41%, respectively selling on the market at 7,298 USD/ton (equivalent to 187.559 VND/kg) and 10,143 USD/ton (equivalent to 260.676 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper traded in the middle of the week was at 6,800 USD/ton.
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 black pepper price is unchanged, with 500 g/l traded at 6,500 USD/ton (equivalent to 167.050 VND/kg); 550 g/l is at 6,650 USD/ton (equivalent to 170.905 VND/kg). Similarly, the price of white pepper for export is at 9,550 USD/ton (equivalent to 245.435 VND/kg).
In the Indian market, pepper prices have decreased by 200 rupees/kg in most types of pepper. Garbled pepper costs 67,600 rupees/kg, (equivalent to 205.890 VND/kg), Ungarbled is listed at 65.600 rupees/kg, while gram/liter has the lowest price of 64,600 rupees/kg (exchanged at 199,798 VND/kg).
Assessment and forecast
In the whole year of 2024, Vietnam exported 250,600 tons of pepper of all kinds, with an export turnover of 1.32 billion USD. This is a record high turnover mark.
The increase will continue this year as pepper output decreases and demand far exceeds supply. Currently, supply in the global market is lacking and demand is expected to continue to be stable or increase.
It is forecasted that global pepper output in 2025 will decrease by about 4%, equivalent to 22,000 tons, especially in Vietnam and Brazil. On the other hand, suppliers are gradually paying attention to the Indonesian market as pepper prices in this country have decreased slightly.
According to statistics from the Central Statistical Office of Indonesia (BPS), in December 2024, Indonesia's pepper exports reached 4,673 tons, down 27.5% compared to the previous month but up 2.8 times compared to the same period in 2023.
Indonesia's total pepper export turnover in 2024 will reach 311.3 million USD, a sharp increase of 132.9% in volume and 171.8% in value compared to 2023. These impressive figures contribute to motivating Indonesia to maintain its third position in the list of leading pepper exporters in the world, behind Brazil and Vietnam.
