Domestic pepper prices: Increase and decrease alternately
As of 11:30 today (February 22), domestic pepper prices unexpectedly increased again after the previous trading level, increasing by an average of 600 VND/kg. Currently, the purchase price ranges from 160,000 - 162,000 VND/kg. The average pepper purchase price nationwide remains at 160,800 VND/kg.
Ba Ria - Vung Tau, Binh Phuoc and Gia Lai are the 3 provinces that are simultaneously anchored at 160,000 VND/kg, an increase of 1,000 VND/kg. In particular, Ba Ria - Vung Tau province still maintains the same spending price compared to yesterday's trading session (February 21).
In the same direction, Dak Lak province recorded a big change when garden owners in this area sold them on the market at 162,000 VND/kg, pushing the price up by 1,000 VND/kg. With this price, Dak Lak and Dak Nong provinces maintain their leading position among the provinces and cities with the highest purchasing prices in the country.
World pepper prices: Maintain the increase
According to the International Pepper Community, on the trading floors, black and white pepper prices in the Indonesian market continued to increase. Black pepper prices increased slightly by 0.27%, selling on the market at 7,287 USD/ton (equivalent to 187.131 VND/kg) and 10,127 USD/ton (equivalent to 260.062 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 price of black pepper is unchanged, with 500 g/l traded at 6,500 USD/ton (equivalent to 166.920 VND/kg); 550 g/l is at 6,650 USD/ton (equivalent to 170.772 VND/kg). Similarly, the price of white pepper for export is at 9,550 USD/ton (equivalent to 245.244 VND/kg).
In the Indian market, pepper prices have decreased by 100 rupees/kg in most types of pepper. Garbled pepper costs 67,200 rupees/kg, (equivalent to 204.960 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 195.810 VND/kg).
Assessment and forecast
According to data from the General Department of Customs, in the first 18 days of February 2025, Vietnam imported 1,297 tons of pepper, worth 5.9 million USD. Indonesia and Brazil are the two main suppliers, accounting for 66.9% and 23.1% of total import output, respectively. Although the global pepper supply is currently in short supply, pepper prices are still expected to remain high in the coming time.
In addition, according to the Vietnam Pepper Association, the export volume to the US in January 2025 increased by more than 20% over the same period last year. harsh weather and epidemics on pepper plants also affect output, causing continued supply to shrink.
Pepper prices return to increase, helping farmers make more profits and regain confidence in the agricultural product that was once considered the "black gold" of the Central Highlands. The provinces in this region will promote the application of advanced farming techniques, increasing the area of intercropped pepper to reduce epidemics.
