Domestic pepper prices: Maintain stability at high prices
As of 11:30 today (September 28), domestic pepper prices at the beginning of the week remained stable in the range of 154,500 - 156,000 VND/kg in key provinces and cities.
Of which, Dak Lak and Dak Nong continue to be the two localities with the highest prices in the country, currently trading at 156,000 VND/kg.
Other provinces such as Binh Phuoc and Ba Ria - Vung Tau are listed at 155,000 VND/kg.
Gia Lai - the locality with the lowest pepper prices in the group is 154,500 VND/kg.
World pepper prices: Unchanged, except for the Indonesian market
In the world market, Vietnamese pepper prices remained unchanged compared to the previous session but remained high. Black grape variety 500g/l is stable at 6,800 USD/ton (equivalent to 178,160 VND/kg), while the 550g/l type is 6,900 USD/ton (equivalent to 180,780 VND/kg). ASTA Vietnam white sugar is still at 9,800 USD/ton - equivalent to 256,760 VND/kg.
The Indonesian market continues to record significant fluctuations. In particular, Indonesian black pepper increased by 0.34% to 7,126 USD/ton. In the same direction, white pepper increased by 0.32% to 9,643 USD/ton.
Meanwhile, black and white pepper in the Malaysian market were recorded at 9,300 USD/ton and 11,900 USD/ton, respectively.
In the Indian market, pepper prices continue to remain unchanged in most pepper cultivations. Garbled pepper costs 67,200 rupees/kg, (equivalent to 212,373 VND/kg), Ungarbled is listed at 65,200 rupees/kg (equivalent to 206,052 VND/kg), while gram/liter has the lowest price of 64,200 rupees/kg (exchanged for 202,892 VND/kg).
Assessment and forecast
According to the Vietnam Pepper and Spices Association (VPSA), prolonged exposure to sunlight in the first months of 2025 has significantly affected pepper production in the Central Highlands and Southeast provinces.
Some rains appeared in some areas to help relieve drought in pepper gardens, however, for areas that have not been harvested, this is a good condition for pepper plants. For harvested gardens, this rain affects the differentiation of flower buds, leading to a decrease in pepper crop yield next year.
Vietnam's pepper harvest is in its peak and is expected to be harvested until the end of April 2025. Unlike previous years, when pepper was harvested, abundant supply led to a decrease in prices.
However, domestic pepper prices have always been above and below 150,000 VND/kg since the beginning of the year. Due to the low sales of farmers, some farmers harvesting both durian and coffee at good prices, there is no financial pressure to sell.
