Domestic pepper prices
As of 1:30 p.m. today (February 23), domestic pepper prices still maintained the increase compared to the previous trading session, currently the purchase price fluctuates between 160,000 - 162,000 VND/kg. The average pepper purchase price nationwide today is 160,800 VND/kg.
At one point, pepper prices dropped to 159,500 VND/kg but quickly returned to the high price of the weekend trading session.
Summarizing domestic pepper prices last week, the domestic pepper market increased by 2,000 - 3,000 VND/kg compared to last week.
Of which, pepper prices in Gia Lai and Binh Phuoc provinces increased the most by VND3,000/kg, up to VND160,000/kg compared to the previous trading session.
World pepper prices: Continue to increase, maintain stability
At the end of last week, the International Pepper Company (IPC) listed the price of Indonesian black pepper at 7,287 USD/ton, down slightly by 0.1% (7 USD/ton) compared to last week.
On the other hand, the price of Indonesian white pepper last week increased by 59 USD/ton, to 10,127 USD/ton.
In the same direction, Malaysia's black pepper prices last week skyrocketed by 500 USD/ton and were traded at 9,500 USD/ton.
Meanwhile, the price of ASTA 570 black pepper in Brazil remains stable at 6,800 USD/ton.
Similarly, Vietnam's black pepper price remains unchanged at 6,500 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l. This is also the lowest price on the market.
In the Indian market, pepper prices continued to fall by 100 rupees/kg in most types of pepper in the weekend session. 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 the report of the Vietnam Pepper and Spices Association (Ptexim), pepper harvesting activities have begun and are being carried out in areas such as Dak Nong, Binh Phuoc... However, the harvesting progress is quite slow. In 2025, the harvest season is forecast to be longer, the main harvests may take place in late March or early April.
Although the new pepper harvest has started, many domestic speculators, including farmers and agents with strong financial potential, continue to store goods. Speculators predict that black pepper prices will continue to increase sharply, so they are not in a hurry to sell.
Last week, on February 10, black pepper prices skyrocketed by $200 in just one day. However, prices have since been adjusted down due to the lack of support from the export market, as prices have increased too quickly in the past two weeks. That is also the reason why pepper products this week have maintained stable prices.
