Domestic pepper prices: Stable
As of 11:30 today (November 8), the domestic pepper market is stable, averaging 145,800 VND/kg. Currently, the price ranges from 145,000 - 147,000 VND/kg.
The price list on the market in key areas is as follows:
Gia Lai province, Ho Chi Minh City are on the market at 145,000 VND/kg. However, this is still the lowest price in the region.
Pepper prices in Dong Nai today reached 145,000 VND/kg.
Recorded the highest price in the region are Lam Dong and Dak Lak provinces when setting the price of 147,000 VND/kg.
World pepper prices: Continue to increase
In the world market, pepper prices are mostly stable in the regions. In particular, the Indonesian exchange - one of the most vibrant markets - increased its price for the second consecutive day. Currently, these two items have increased by 0.03% and 0.02%, trading between 7,111 - 9,749 USD/ton (equivalent to 187,432 VND/kg - 256,965 VND/kg).
On the other hand, the Brazilian market is flat, currently holding at 6,100 USD/ton (about 160,784 VND/kg). In the same direction, black and white pepper remained unchanged, trading at 12,300 USD/ton and 9,200 USD/ton.
In the pepper export market of Vietnam, the price of black pepper of 500 g/l and 550 g/l is flat, anchored at 6,400 - 6,600 USD/ton. ASTA white pepper prices remain high, currently standing at 9,050 USD/ton (equivalent to 238,513 VND/kg).
Assessment and forecast
Domestic pepper purchasing prices have fluctuated from 145,000-147,000 VND/kg in the past few days, showing a stable price trend and continued high world demand. This signal helps Vietnamese pepper to set a new record when export turnover may exceed 1.5 billion USD in 2025.
On the other hand, pepper imports to Vietnam have also increased sharply in both quantity and value. According to data from the Vietnam Pepper and Spices Association (VPSA), by the end of October, Vietnam had imported 37,783 tons of pepper, with a total turnover of 236.9 million USD, compared to the same period last year, the import volume increased by 25.3% and the turnover increased by 65.6%, while compared to the same period in 2023, the import volume increased by 67.9%.
