Domestic pepper prices: Sudden decrease after a series of stable days
As of 11:40 a.m. today (February 21), domestic pepper prices have decreased compared to the previous trading level in all provinces and cities, an average decrease of VND 1,400/kg. Currently, the purchase price ranges from 160,000 - 162,500 VND/kg. The average pepper purchase price nationwide remains at 159,500 VND/kg.
Ba Ria - Vung Tau, Binh Phuoc and Gia Lai are the three provinces that have all dropped in price by VND 1,000/kg, with pepper purchasing prices at VND 159,000/kg.
In the same direction, Dak Lak province recorded a big change when garden owners in this area sold to the market at 160,000 VND/kg, down 2,000 VND/kg.
Dak Nong province maintained its leading position among provinces and cities despite a decrease of VND 2,000/kg compared to the previous trading session, currently listed at VND 160,500/kg.
World pepper prices: Slight increase
According to the International Pepper Community, on the exchanges, black and white pepper prices in the Indonesian market increased slightly after a day of stagnation. Black pepper prices increased slightly by 0.07%, selling on the market at 7,267 USD/ton (equivalent to 186.835 VND/kg) and 10,100 USD/ton (equivalent to 259.671 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 167.245 VND/kg); 550 g/l is at 6,650 USD/ton (equivalent to 171.105 VND/kg). Similarly, the price of white pepper for export is at 9,550 USD/ton (equivalent to 245.722 VND/kg).
In the Indian market, pepper prices have decreased by 100 rupees/kg in most types of pepper. Garbled pepper costs 67,300 rupees/kg, (equivalent to 205.434 VND/kg), Ungarbled is listed at 65.300 rupees/kg, while gram/liter has the lowest price of 64,300 rupees/kg (exchanged at 196.276 VND/kg).
Assessment and forecast
According to information from the Vietnam Pepper and Spices Association (VPSA), in the first 18 days of February 2025, Vietnam successfully exported 7,535 tons of pepper, with a total turnover of 51.5 million USD.
In the first month of this year, the US and Germany held the leading position in Vietnamese pepper consumption, with imported pepper reaching 2,829 tons and 1,326 tons respectively. However, the Chinese market has not shown signs of a strong recovery, causing exports here to not improve significantly.
However, VPSA also believes that the outlook for the global pepper market in 2025 will continue to be positive. Pepper output is forecast to decrease in the context of extreme weather affecting productivity in many countries. This creates opportunities for the pepper export industry, especially in the Chinese market, although the pepper import from Vietnam is low in 2024, it is expected to increase demand as soon as Vietnam enters the main harvest season.
