Domestic pepper prices: Prices drop in the first session of the week
As of 11:30 today (September 21), domestic pepper prices have plummeted, currently the pepper purchase price fluctuates between 154,500 - 155,000 VND/kg. The average pepper purchase price nationwide is still at 154,500 VND/kg.
Also purchasing at 154,000 VND/kg, simultaneously reducing by 1,000 VND/kg are the two provinces of Gia Lai and Binh Phuoc. Meanwhile, Ba Ria - Vung Tau province only slightly decreased by 500 VND/kg, bringing the price to 154,500 VND/kg.
Notably, Dak Lak and Dak Nong - the two regions recording the highest prices in the country - are currently listed at 155,000 VND/kg, down 1,000 VND/kg compared to the previous session.
World pepper prices: remain unchanged, except for the Brazilian market
According to the International Pepper Community, on the trading floors, the price of black and white pepper in the Indonesian market was stable after a week of fluctuations. Black pepper prices fluctuated around 7,056 USD/ton (equivalent to 184,303 VND/kg). In the same direction, the price of white pepper reached 9,641 USD/ton (equivalent to 251,823 VND/kg).
Only increased by 0.72% in the Brazilian market, the price of ASTA 570 black pepper returned to 6,900 USD/ton.
At the time of the survey, the Malaysian market announced the prices of ASTA black and white pepper at 9,600 USD/ton and 12,100 USD/ton, respectively.
Notably, Vietnam's export black pepper prices remained unchanged after a series of high increases. The 500 g/l type is traded at 6,800 USD/ton (equivalent to 177,616 VND/kg); the 550 g/l type is currently at 6,900 USD/ton (equivalent to 180,228 VND/kg). Similarly, the price of white pepper for export fluctuates around 9,800 USD/ton (equivalent to 255,976 VND/kg).
In the Indian market, pepper prices continue to remain unchanged in most pepper cultivations. Garbled pepper costs 67,200 rupees/kg, (equivalent to 211,580 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 202,134 VND/kg).
Assessment and forecast
According to initial data from the Vietnam Pepper and Spices Association (VPSA), in just the first 14 days of April 2025, Vietnam exported 10,413 tons of pepper, earning a turnover of up to 72 million USD. Leading the export race are three enterprises such as: Olam with 1,467 tons, Phuc Sinh with 1,177 tons and Nedspice with 750 tons.
In the opposite direction, at the same time, Vietnam also imported 1,846 tons of pepper with a total value of 12.2 million USD. The import market is mainly from Brazil and Cambodia, two countries that account for 81.2% of total imports. Of which, Brazil reached 758 tons and Cambodia reached 740 tons.
The situation of pepper prices anchored at high prices is believed to be due to strong consumption demand both domestically and internationally. Accordingly, demand from major and traditional markets of Vietnam is remaining high, becoming the main driving force for domestic pepper prices. According to industry associations, in the first half of April 2025 alone, many Vietnamese enterprises signed a series of export contracts at attractive prices, contributing to pushing domestic pepper prices to a new level.
