Domestic pepper prices: Deep drop
As of 11:30 AM today (March 19), domestic pepper prices decreased sharply compared to the closing session yesterday, averaging 137,500 VND/kg. Currently, key areas are trading in the range of 137,000 - 138,000 VND/kg.
Domestic pepper prices continue to fall after 2 consecutive days of stagnation, as follows:
The two provinces of Gia Lai and Dong Nai were both listed at 137,000 VND/kg, down 3,500 VND/kg.
With the same decrease, Ho Chi Minh City dropped to the mark of 137,500 VND/kg.
Notably, Dak Lak and Lam Dong recorded prices in the range of 3,000 - 5,000 VND/kg, bringing them to the market at the threshold of 138,000 VND/kg.
Compared to the same period in 2025, the current price has lost 22,500 VND/kg. This is considered the lowest price in 1 year when the domestic pepper price maintained above the threshold of 150,000 VND/kg, even at times exceeding the 160,000 VND/kg mark.
World pepper prices: Price slippage
In the world market, pepper prices fell compared to the previous closing session. The Indonesian exchange - one of the most active markets is no exception. The two items black and white pepper traded in the range of 6, 994 - 9, 260 USD/ton (equivalent to 184,883 VND/kg - 243, 724 VND/kg), respectively down 20 USD/ton and 27 USD/ton.
The Brazilian market slightly decreased by 50 USD/ton, listed at the mark of 6,050 USD/ton (about 159. 236 VND/kg). Notably, black and white peppers maintained an increase of 100 USD/ton for many days, trading at 12. 100 USD/ton and 9. 100 USD/ton.
In Vietnam's pepper export market, black pepper prices of 500 g/l and 550 g/l are anchored at 6,300 - 6,400 USD/ton. Meanwhile, ASTA white pepper price remains unchanged, offered for sale at 9,050 USD/ton (equivalent to 238,196 VND/kg).
Assessments and forecasts
The reason for the sharp drop in pepper prices is said to be due to additional supply from the new harvest and the impact of the escalating conflict in the Middle East.
According to data from the Vietnam Customs Department, Vietnam's pepper exports in the first two months of 2026 grew strongly in both volume and value compared to the same period. Accordingly, Vietnam exported 35,579 tons of pepper in the first two months of the year with a value of 231.23 million USD, an increase of 30.45% in volume and 25.36% in turnover compared to the same period in 2025.
However, in February 2026 alone, Vietnam's pepper exports slowed down, when they decreased by 35.8% in volume (reaching 13,911 tons) and decreased by 33.995 in value (reaching 91.94 million USD) compared to January 2026.
