Domestic pepper prices: Maintained stability, except for Gia Lai province
As of 11:30 today (May 3), domestic pepper prices have remained largely unchanged, except for maintaining a slight decrease in Gia Lai province. Currently, domestic pepper purchasing prices range from 154,000 - 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 that often has the lowest pepper prices in the group continuing to decrease by 500 VND/kg, setting the mark of 154,000 VND/kg.
World pepper prices: Sharp increase in 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 178,024 VND/kg), while the 550g/l type is 6,900 USD/ton (equivalent to 180,642 VND/kg). ASTA Vietnam white sugar is still at 9,800 USD/ton - equivalent to 256,564 VND/kg.
In particular, the Indonesian market continues to record significant fluctuations. Indonesian black pepper alone increased by 1.12% to 7,340 USD/ton. In the same direction, white pepper increased in price to 9,941 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 212,762 VND/kg), Ungarbled is listed at 65,200 rupees/kg (equivalent to 206,430 VND/kg), while gram/liter has the lowest price of 64,200 rupees/kg (exchanged for 203,264 VND/kg).
The world pepper market this week continues to have mixed reactions. Both domestic and international Indian pepper prices tend to be stable this week. Meanwhile, domestic and international Indonesian pepper prices increased.
Assessment and forecast
According to Nedspice's forecast, in 2025, Vietnam's pepper output is expected to decrease by about 2% compared to the previous year. Meanwhile, pepper output in India has decreased more strongly due to bad weather in major producing states. In Brazil, initial estimates show that the total pepper output in 2025 will be around 85,000 - 90,000 tons.
The Ministry of Agriculture and Environment believes that in the 2024-2025 crop year, Vietnam's pepper output will decrease slightly compared to last year, mainly due to reduced pepper cultivation area and negative impacts of climate change.
With prices anchored at the current high threshold, farmers have a stable source of income and the motivation to care for and develop crops.
