Domestic pepper prices: Suddenly drop sharply
As of 11:30 today (May 23), the domestic pepper market has decreased sharply, an average decrease of 4,800 VND/kg. Currently, the purchase price of pepper is recorded at 146,000 - 147,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong have dropped by a shocking 5,500 VND/kg, currently anchored at 146,500 VND/kg.
Ba Ria - Vung Tau is the province with the second sharp decrease in the country, down 5,000 VND/kg. Currently, this area is purchasing at 146,000 VND/kg.
Similarly, Binh Phuoc and Gia Lai both plummeted by 4,000 VND/kg, bringing the pepper purchase price to 147,000 VND/kg and 146,000 VND/kg respectively.
World pepper prices: Continue to increase
In the world market, pepper prices generally fluctuated slightly in some regions. In particular, in the Indonesian market - one of the most vibrant exchanges, the increase was 0.61% and 0.6%. Currently, these two items are listed at 7,421 USD/ton (equivalent to 194,061 VND/kg); white pepper is listed at 10,119 USD/ton (about 264,612 VND/kg).
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l remains unchanged at 6,700 - 6,800 USD/ton (equivalent to 175,205 - 177,820 VND/kg). ASTA white pepper prices also remain unchanged, at 9,700 USD/ton (about 253,655 VND/kg).
The Malaysian exchange did not record any fluctuations. Malaysia's white rice continues to hold the highest price globally at 11,900 USD/ton (equivalent to 311,185 VND/kg).
Assessment and forecast
According to the Import-Export Department (Ministry of Industry and Trade), world pepper prices are currently maintaining a high level thanks to tight supply after the harvest season and expecting increased demand from the Middle Eastern and European markets in the second quarter of 2025.
In the domestic market, pepper prices in mid-May fell sharply in key growing areas compared to the same period in April. The decrease ranges from 4,500 - 6,000 VND/kg, causing pepper prices to lose the threshold of 150,000 VND/kg.
