Domestic pepper prices: Week turns upside down sharply
Today (December 28), domestic pepper prices traded in the range of 149,500 - 151,000 VND/kg, averaging a decrease of 2,000 - 2,500 VND/kg compared to the previous week depending on the region.
At the end of last week, Ho Chi Minh City and Dong Nai simultaneously increased sharply to 2,500 VND/kg, trading at the 150,000 VND/kg mark. In the same direction, growers in Gia Lai increased by 2,500 VND/kg, anchored at the 149,500 VND/kg mark.
Dak Lak and Lam Dong regions both increased by 2,000 VND/kg, commonly at 151,000 VND/kg.
Since September 1 when domestic pepper prices reached the 152,000 VND/kg mark, this is the first time in 4 months that the price mark above 150,000 VND/kg has reappeared in the market.
World pepper prices: Price reduction
According to the International Pepper Corporation (IPC), the world pepper price has mostly slipped.
Indonesian black pepper prices fell sharply by 149 USD/ton compared to the previous week, reaching 6,812 USD/ton. Indonesian white pepper prices reversed to decrease by 418 USD/ton last week, reaching 9,179 USD/ton.
Brazilian black pepper ASTA 570 was offered for sale at 6,000 USD/ton, down 75 USD/ton compared to the previous week. Meanwhile, the price of black and white ASTA Malaysia pepper remained unchanged, selling at 9,000 USD/ton and 12,000 USD/ton respectively.
In Vietnam, black pepper export prices simultaneously stood still before the week's closing, at 6,500-6,700 USD/ton for 500 g/l and 550 g/l types.
Perspectives and forecasts
The "stockpiling" psychology of domestic farmers becomes even more solid as coffee prices reverse and recover. Traders are forced to raise purchasing prices to stockpile enough goods for January 2026 export contracts.
In the international market, Indonesian and Brazilian exchanges have finished the harvest season with unprecedented output, making Vietnam the only reserve in the world from now until the new season begins.
