Domestic pepper prices: Developments in a sideways trend
As of 11:30 today (September 23), domestic pepper prices tend to be flat, currently the pepper purchase price fluctuates between 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.
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 exchanges, black and white pepper prices in the Indonesian market continued to be stable. Black pepper prices fluctuated around 7,056 USD/ton (equivalent to 184,451 VND/kg). In the same direction, the price of white pepper reached 9,641 USD/ton (equivalent to 252,026 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 177,759 VND/kg); the 550 g/l type is currently at 6,900 USD/ton (equivalent to 180,373 VND/kg). Similarly, the price of white pepper for export fluctuates around 9,800 USD/ton (equivalent to 256,182 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 212,480 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 202,994 VND/kg).
Assessment and forecast
According to data from the Vietnam Pepper and Spices Association (VPSA), Vietnam's pepper exports to the Chinese market in the first quarter increased by 87.8% compared to the same period last year, reaching 2,034 tons. However, compared to the same period in 2023, the import volume is still 92.2%.
China has risen to 4th place in Vietnam's largest pepper export market with its market share increasing to 4.3% from 1.9% in the same period.
Vietnam's pepper exports to China in the first quarter of this year increased sharply compared to the same period in 2024. This shows that pepper reserves in China have dropped.
However, pepper exports to China are still limited at the present time due to China Customs' policy of tightening exports across the border. Meanwhile, in the case of sea pepper exports, the cost will increase, and Chinese importers are not ready.
