Domestic pepper prices: Sharp drop at the beginning of the week
As of 11:30 AM today (May 25), domestic pepper prices opened the week with a sharp decrease in some areas, averaging 139,400 VND/kg. Currently, key areas are trading in the range of 137,000 - 142,000 VND/kg.
Domestic pepper prices suddenly plummeted at the beginning of the week, currently the listed prices in regions are as follows:
Gia Lai province traded at the 137,000 VND/kg mark, down 2,000 VND/kg.
Dong Nai and Ho Chi Minh City respectively listed prices at 137,000 VND/kg and 139,000 VND/kg, with the deepest decrease of 3,000 VND/kg.
Meanwhile, Dak Lak and Lam Dong remained unchanged, offering for sale at the highest purchase price of 142,000 VND/kg.
World pepper prices: Keeping the price range unchanged
In the world market, pepper prices are mostly stable in countries. The two items of black and white pepper in Indonesia are also no exception, trading in the range of 6,979 - 9,151 USD/ton (equivalent to 184,176 VND/kg - 241,495 VND/kg).
The Brazilian market maintained an increase of 100 USD/ton, listed at 6,250 USD/ton (about 164,938 VND/kg). Notably, black and white peppers in the same direction maintained an increase of 50 USD/ton, trading at 12,250 USD/ton and 9,350 USD/ton.
In Vietnam's pepper export market, the price of black pepper of 500 g/l and 550 g/l remains unchanged at 6,100 - 6,200 USD/ton. In the same direction, ASTA white pepper is offered for sale at 9,000 USD/ton (equivalent to 237,510 VND/kg).
Assessments and forecasts
The unexpected sharp drop in domestic pepper prices shows that demand is improving. Meanwhile, the psychology of garden owners still wants to keep goods, waiting for prices to adjust upwards.
According to the assessment of the Vietnam Pepper and Spice Plant Association (VPSA), if the conflict in the Middle East lasts, Vietnam's pepper exports are likely to maintain stable growth. Export output may be equivalent or slightly decrease by about 3-5% compared to 2025 (equivalent to 248 thousand tons), but the turnover is still expected to increase by 5-10% thanks to the high price level being maintained.
