Domestic pepper prices: Developments in a sideways trend
As of 11:00 today (September 22), domestic pepper prices tend to move sideways, except in Ba Ria - Vung Tau province, with an average decrease of VND100/kg. Currently, pepper purchasing prices range from 154,000 - 155,000 VND/kg. The average pepper purchase price nationwide is still at 154,400 VND/kg.
Also purchased at 154,000 VND/kg are the three provinces of Gia Lai, Binh Phuoc, Ba Ria - Vung Tau. However, only Ba Ria - Vung Tau province decreased by 500 VND/kg compared to the previous session's closing price.
Notably, Dak Lak and Dak Nong - the two regions with the highest prices in the country are still listed at 155,000 VND/kg.
World pepper prices: Stable on trading floors
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 184,092 VND/kg). In the same direction, the price of white pepper reached 9,641 USD/ton (equivalent to 251,534 VND/kg).
The only market that did not change the increase of 0.72% was 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 177,412 VND/kg); the 550 g/l type is currently at 6,900 USD/ton (equivalent to 180,021 VND/kg). Similarly, the price of white pepper for export fluctuates around 9,800 USD/ton (equivalent to 255,682 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 212,010 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 202.545 VND/kg).
Assessment and forecast
According to experts, Vietnamese pepper output this year may continue to decrease. The prolonged drought in the first months of 2025 has significantly affected pepper production in the Central Highlands and Southeast provinces. Some rains have appeared in some areas to help relieve the drought in pepper gardens, but for those that have been harvested, it will affect the differentiation of flower buds, leading to a decrease in pepper plant yield next year.
Although output has decreased, pepper growers are still confident about the upward price trend. Currently, Vietnam's pepper harvest is in its peak period and is expected to last until the end of April 2025. In previous years, during the pepper harvest, pepper prices often decreased due to abundant supply. But this year, even though it is the harvest time, domestic pepper prices are always around 150,000 VND/kg because farmers sell them at a low level.
