Domestic pepper prices: Continue to decrease slightly
As of 12:30 today (September 27), domestic pepper prices are trading in the range of 154,500 - 156,000 VND/kg, down 100 VND/kg compared to the closing price of the previous session.
Summary last week, domestic pepper prices, although there were days of alternating fluctuations, did not fluctuate much compared to last week.
At the end of last week, pepper prices in Gia Lai decreased by VND 500/kg, down to VND 154,500/kg.
Meanwhile, pepper prices in other provinces and cities are generally stable, with Dak Lak and Dak Nong both holding 156,000 VND/kg; Ba Ria - Vung Tau, Binh Phuoc and Dong Nai are simultaneously trading at 155,000 VND/kg.
World pepper prices: intertwined increases and decreases
At the end of the week, world pepper prices fluctuated in different directions compared to last week. According to the International Pepper Association, the price of Indonesian black pepper is being offered for sale at 7,126 USD/ton, up 1% (70 USD/ton) compared to last week.
In contrast, Malaysia ASTA black pepper prices last week decreased sharply by 300 USD/ton, to only 9,300 USD/ton
In Brazil, ASTA Brazilian black pepper prices remained stable at 6,900 USD/ton. In Vietnam, the export price of black pepper fluctuates between 6,800 - 6,900 USD/ton for the 500 g/l type and the 550 g/l type.
The International Pepper Association said that the pepper market this week will continue to have mixed reactions, as the US market fluctuates due to rising tariffs and transportation costs.
In the Indian market, pepper prices continued to remain unchanged in most pepper prices. Garbled pepper costs 67,200 rupees/kg, (equivalent to 211,580 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 202,134 VND/kg).
Assessment and forecast
According to the Vietnam Pepper and Spices Association (VPSA), reports give a general trend, global pepper output is expected to continue to decrease in 2025.
The downward trend in prices is believed to be due to factors such as lower economic profits than other crops, unfavorable weather conditions and high production costs. The International Pepper Association forecasts a 6.1% decrease in global pepper output and global consumption demand is expected to continue to increase, so pepper prices will remain high throughout 2025.
Although in the first quarter of 2025, black pepper prices of most countries analyzed tended to grow strongly compared to the same period in 2024. This price increase may be related to factors such as reduced output and increased market demand.
