Domestic pepper prices: Lower prices in most areas
As of 11:30 today (7.), domestic pepper prices have tended to decrease after many consecutive adjustments. Currently, the purchase price ranges from 153,000 - 155,000 VND/kg in key growing areas.
Localities such as Gia Lai, Ba Ria - Vung Tau and Binh Phuoc continue to list at 153,000 VND/kg. However, the decrease in these 3 provinces and cities ranges from 500 - 1,000 VND/kg.
Dak Lak and Dak Nong still maintain the highest price of 155,000 VND/kg, reflecting the stability of supply and demand in this area.
World pepper prices: Indonesia market suddenly stands still
In the world market, Vietnamese pepper prices remained unchanged compared to the previous session but remained high. Black grain type 500g/l is traded at 6,700 USD/ton (equivalent to 175,138 VND/kg), type 550g/l is at 6,800 USD/ton (equivalent to 177,752 VND/kg). ASTA Vietnam white sugar is anchored at 9,700 USD/ton, equivalent to 253,558 VND/kg.
Meanwhile, the Indonesian market suddenly became unstable after a series of price increases. Indonesian black pepper reached 7,372 USD/ton (about 192,705 VND/kg), white pepper remained at 9,985 USD/ton (equivalent to 261,008 VND/kg).
Other markets such as Brazil, Malaysia and India continue to record a stable trend. In Malaysia, ASTA white pepper remains at a high level of 11,900 USD/ton (about 311,066 VND/kg). In India, Garbled pepper is still trading at 67,200 rupees/kg (equivalent to 214,429 VND/kg), while Ungarbled pepper is at 208,047 VND/kg.
Assessment and forecast
extending the series of adjustments, domestic pepper prices continue to have a downward trend. This reflects the market sentiment of waiting for clearer signals from domestic and foreign consumption demand, as well as policy moves from major export markets.
According to data from the Customs Department, in April, Vietnam's pepper exports reached 26,428 tons, worth 184.1 million USD, a sharp increase of 31.7% in volume and 31.1% in value compared to the previous month, while compared to the same period last year, they increased by 0.7% in volume and 58.3% in value.
In the first 4 months of the year, our country's pepper exports reached 73,647 tons, worth 508.36 million USD, down 11.3% in volume but still increased sharply by 44.4% in value compared to the same period in 2024.
Despite the short-term adjustment, experts believe that in the medium and long term, pepper prices are still likely to remain high thanks to stable demand from major markets such as the US, EU and the Middle East, at a time when supply has not had a breakthrough.
