Domestic pepper prices: Sharp decrease across the board
As of 11:30 today (February 28), domestic pepper prices have decreased sharply compared to the previous trading session, an average decrease of VND 1,000/kg. Currently, the purchase price ranges from 156,000 - 158,000 VND/kg. The average pepper purchase price nationwide is 156,800 VND/kg.
Ba Ria - Vung Tau, Binh Phuoc and Gia Lai are the 3 provinces that have all decreased in price by VND 1,000/kg, currently anchored at VND 156,000/kg.
In the same direction, Dak Lak and Dak Nong provinces recorded great fluctuations when garden owners in this area sold to the market at 158,000 VND/kg, down sharply by 1,000 VND/kg.
World pepper prices: Developments in the same direction
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 0.27%, listed at 7,298 USD/ton (equivalent to 187,888 VND/kg). Similarly, white pepper prices also decreased by 0.27%, currently listed at 10,047 USD/ton (equivalent to 258,661 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper was traded at 6,850 USD/ton, unchanged from yesterday's closing price (February 27).
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, black pepper prices for export remained unchanged after a period of mixed increases and decreases. The 500 g/l type is traded at 6,900 USD/ton (equivalent to 177,641 VND/kg); the 550 g/l type increased sharply by 6.34%, currently at 7,100 USD/ton (equivalent to 182,790 VND/kg). Similarly, the price of white pepper for export is at 9,900 USD/ton (equivalent to 254,876 VND/kg).
In the Indian market, pepper prices remained unchanged at the end of the week in most pepper cultivations. Garbled pepper costs 67,200 rupees/kg, (equivalent to 204.040 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 194.931 VND/kg).
Assessment and forecast
The pepper industry is shifting from expanding the area to focusing on improving quality, promoting deep processing and expanding the market. In particular, the organic production model in the Central Highlands is increasingly applied by farmers to meet strict export standards, improving the competitiveness of Vietnamese products.
Currently, key pepper growing areas have begun to harvest, but the progress is slower than every year due to the impact of the weather. The 2025 crop is expected to be longer, with the peak harvest in late March or early April. Meanwhile, consumption demand in the US, EU and China is still quite slow, due to the supply from the old harvest almost exhausted and the new crop arriving later than expected.
