Domestic pepper prices: All remained unchanged
As of 12:00 today (February 27), domestic pepper prices remained unchanged compared to the previous trading session. 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 did not record any fluctuations when garden owners in this area sold to the market at 159,000 VND/kg.
World pepper prices: Strong fluctuations, intertwined increases and decreases
According to the International Pepper Community, on trading floors, black and white pepper prices on the Indonesian market both decreased, trading floors were red. Black pepper prices decreased by 0.44%, listed at 7,318 USD/ton (equivalent to 188,146 VND/kg). Similarly, the price of white pepper is currently listed at 10,074 USD/ton (equivalent to 259,003 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper was trading at 6,850 USD/ton, up an additional 0.73% after a series of unchanged days.
In the Malaysian market, ASTA black and white pepper prices remained unchanged, anchored at 9,500 USD/ton and 12,000 USD/ton, respectively.
Notably, in Vietnam, the price of black pepper for export has increased simultaneously. The 500 g/l type is traded at 6,900 USD/ton (equivalent to 177,399 VND/kg), increasing by 5.8%; the 550 g/l type is increasing sharply by 6.34%, currently at 7,100 USD/ton (equivalent to 182,541 VND/kg). Similarly, the price of white pepper for export is at 9,900 USD/ton (equivalent to 254,529 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), global pepper output in 2025 will continue to decrease, while consumption demand will remain stable. This is the factor that drives strong growth of Vietnamese pepper exports. With the current export price having increased by 68% over the same period last year, VPSA predicts that pepper exports in 2025 will achieve impressive achievements, possibly surpassing the record of 1.5 billion USD.
The Vietnamese pepper industry is shifting from expanding pepper growing areas to focusing on improving quality, promoting deep processing, as well as diversifying products and markets.
The goal is to penetrate deeper into the global pepper supply chain, many farming families have decided to invest in taking care of existing pepper gardens and replanting old, poor-yielding areas to create new breakthroughs.
