Domestic pepper prices: Sharp decrease across the board
As of 11:30 today (February 26), domestic pepper prices continued to plummet compared to the previous trading session, with an average decrease of 400 VND/kg, increasingly moving away from the 160,000 VND/kg mark. Currently, the purchase price ranges from 157,000 - 159,000 VND/kg. The average pepper purchase price nationwide remains at 157,800 VND/kg.
Ba Ria - Vung Tau, Binh Phuoc and Gia Lai are the 3 provinces that are all standing still after a deep decrease, currently anchored at 157,000 VND/kg.
On the contrary, Dak Lak and Dak Nong provinces both recorded fluctuations when garden owners in this area sold to the market at 159,000 VND/kg, down 1,000 VND/kg.
World pepper prices: Maintain stability
According to the International Pepper Community, on the trading floors, the price of black and white pepper in the Indonesian market remained unchanged compared to the previous trading session. Black pepper prices remained at 7,356 USD/ton (equivalent to 189,344 VND/kg). Similarly, the price of white pepper is currently listed at 10,125 USD/ton (equivalent to 260,618 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper traded in the middle of the week was at 6,800 USD/ton.
In the Malaysian market, ASTA black and white pepper prices remained unchanged, anchored at 9,500 USD/ton and 12,000 USD/ton, respectively.
In Vietnam, the export price of black pepper is unchanged, with 500 g/l traded at 6,500 USD/ton (equivalent to 166,855 VND/kg); 550 g/l is at 6,650 USD/ton (equivalent to 171,171 VND/kg). Similarly, the price of white pepper for export is at 9,550 USD/ton (equivalent to 245,817 VND/kg).
In the Indian market, pepper prices are "unstable" in most types of pepper. Garbled pepper costs 67,200 rupees/kg, (equivalent to 204.537 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 195.406 VND/kg).
Assessment and forecast
According to the Vietnam Pepper and Spices Association (VPSA), the average dry pepper yield is about 2.2 tons/ha. Each hectare of pepper can bring in a revenue of up to 330 million VND, bringing in a profit exceeding 200 million VND/ha, an impressive figure for pepper growers.
Experts say that global pepper output will continue to decline in 2025, while consumption demand will remain stable. This opens up a golden opportunity for Vietnamese pepper exports this year, creating a strong driving force to promote the industry's development.
The Vietnamese pepper industry is currently changing strongly to improve product quality. At the same time, businesses are promoting deep processing, developing diverse products, expanding markets, to increase their position and penetrate deeper into the global pepper supply chain.
