Domestic pepper prices: Positive trend
As of 11:30 today (March 23), domestic pepper prices remained stable, currently the purchase price fluctuated between 159,000 - 160,500 VND/kg. The average pepper purchase price nationwide is 159,500 VND/kg.
At the end of the week, domestic pepper prices increased by VND 1,000-1,500/kg compared to the closing price of the previous week.
At the end of last week, pepper prices in Dak Nong province were purchased at the highest level of VND 160,500/kg, an increase of VND 1,500/kg compared to last week.
Followed by pepper prices in Dak Lak province at 160,000 VND/kg, up 1,000 VND/kg.
Similarly, pepper prices last week in Gia Lai, Ba Ria - Vung Tau, Binh Phuoc and Dong Nai provinces all increased by VND 1,000/kg, to VND 159,000/kg.
World pepper prices: Continuously fluctuating
According to the International Pepper Community, last week, black pepper prices in Vietnam, Brazil and Malaysia increased by 100 USD/ton compared to last week, while Indonesia alone increased slightly by 2 USD/ton.
For the Brazilian market, the price of ASTA 570 black pepper remains at 7,000 USD/ton.
In the Malaysian market, ASTA black and white pepper prices are anchored at 9,900 USD/ton and 12,400 USD/ton, respectively.
Notably, in Vietnam, the price of black pepper for export tends to be flat. The 500 g/l type is traded at 7,100 USD/ton (equivalent to 182,896 VND/kg); the 550 g/l type is currently at 7,300 USD/ton (equivalent to 188,048 VND/kg). Similarly, the price of white pepper for export also increased to 10,100 USD/ton (equivalent to 260,176 VND/kg).
In the Indian market, pepper prices remain unchanged in most pepper cultivars. Garbled pepper costs 67,200 rupees/kg, (equivalent to 206,835 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 197,602 VND/kg).
Assessment and forecast
According to data from the Indian Ministry of Commerce, in 2024, India's pepper exports will reach 19,804 tons, an increase of 28.3% compared to 2023.
In 2024, India had a record import figure of 46,996 tons of pepper of all kinds in the same period, up 34.4%. Main imports from Sri Lanka increased by 80.6%, reaching 23,592 tons; Brazil increased by 20.4%, reaching 6,719 tons; Indonesia increased by 45.8% to 4,910 tons...
However, according to experts and farmers, factors such as erratic rainfall, severe heat and high humidity during this year's rainy season have affected pepper crops, leading to low output in these areas. Therefore, Indian pepper prices have remained stable for many weeks, even tending to decrease in price.
In the domestic market, major markets such as the US, Europe and the Middle East continue to increase pepper imports, especially Vietnamese black pepper, showing increased consumption demand. Along with that, the Government and localities are stepping up support for farmers to produce pepper sustainably, improve quality and added value.
