Domestic pepper prices: Maintain a sharp decrease
As of 1:00 p.m. today (May 24), the domestic pepper market remained unchanged at the previous session's sudden decrease, an average decrease of VND 4,800/kg. Currently, the purchase price of pepper is recorded at 146,000 - 147,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong maintained a shocking decrease of VND 5,500/kg, currently anchored at VND 146,500/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 0.15% 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 Vietnam Pepper and Spices Association (VPSA), as of May 15, 2025, Vietnam has exported 84,844 tons of pepper of all kinds, earning 585.2 million USD. Although output decreased by about 10% compared to the same period last year, the value increased by 45% thanks to skyrocketing export prices. In particular, the average export price of black pepper for 4 months with black pepper reached 6,749 USD/ton (up 96%), white pepper reached 8,611 USD/ton (up 73.8%).
The top export markets are still the US (accounting for 22.5%), with a decrease of up to 26.7%. Next were India with an 8% market share, up 6.4%; UAE with 6.7% market share, up 42.2%; Germany with 6.7% market share and down 9.7%; China with 4.5% and up 94.4% over the same period. Exports also increased sharply in Hong Kong (China), Australia, and Poland, but decreased in the Netherlands, Russia, the UK, Egypt, Turkey, and France.
The downward pressure comes from weak purchasing power and reserved psychology of Vietnamese garden owners. Many farming households are no longer interested in investing more, as costs are getting higher but the selling price is not attractive enough. Instead, a part has switched to growing crops with higher economic value such as durian and avocado. The expansion of the pepper area is also limited by the increasingly narrowing cultivated land fund.
