Domestic pepper prices: Returning to the high-priced race
As of 1:30 p.m. today (March 9), domestic pepper prices remained stable, currently the purchase price fluctuated between 159,000 - 162,000 VND/kg. The average pepper purchase price nationwide increased to 160,000 VND/kg.
If last week (from September 24 to.2), pepper prices in key provinces and cities decreased from VND 2,000/kg to VND 3,000/kg, this week garden owners all sold pepper on the market at a higher price of VND 1,000 - 3,000/kg.
Pepper prices in Dak Nong province are being purchased at the highest level of 162,000 VND/kg, an increase of 3,000 VND/kg last week.
Following closely behind was Dak Lak province at 161,000 VND/kg, an increase of 2,000 VND/kg compared to last week.
Similarly, pepper prices in other localities such as Gia Lai, Ba Ria - Vung Tau and Dong Nai increased by VND 2,000/kg, to VND 159,000/kg. Meanwhile, Binh Phuoc province purchased at 159,000 VND/kg, an increase of 1,000 VND/kg.
World pepper prices: Unexpectedly increased sharply
At the end of last week, the International Pepper Company (IPC) listed the price of Indonesian black pepper at 7,376 USD/ton, up 141 USD/ton compared to last week.
Notably, the price of Indonesian white pepper last week increased sharply by 283 USD/ton, to 10,242 USD/ton.
Vietnam's black pepper prices last week increased slightly by 100 USD/ton, to 7,000 USD/ton for the 500 g/l type and 7,200 USD/ton for the 550 g/l type.
In the same direction, Malaysia also recorded fluctuations, increasing by 100 USD/ton for black pepper, selling on the market at 9,800 USD/ton. Meanwhile, the price of ASTA 570 black pepper in Brazil last week moved in the opposite direction, unchanged at 6,850 USD/ton.
In the Indian market, pepper prices remained unchanged at the end of the week for most pepper cultivars. Garbled pepper costs 67,200 rupees/kg (equivalent to 204,584 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 195,451 VND/kg).
Assessment and forecast
The Vietnamese pepper market in the first 2 months of 2025 is witnessing many fluctuations as farmers are still limiting sales, expecting prices to continue to increase. Although harvesting activities are taking place strongly in key growing areas, most of the output is still retained instead of being released to the market, reducing trading volume.
According to the Vietnam Pepper and Spices Association, the US is still the largest customer of Vietnamese pepper with 5,890 tons, accounting for 21.5% of the market share, although the import volume decreased sharply by 32.7% compared to the previous year. Meanwhile, China had a significant breakthrough, increasing by 86.6% to 1,523 tons, reflecting a recovery in demand after a period of tightening import control. Other markets such as Germany and India showed signs of decline, while the UAE grew by 21.9%, reaching 1,480 tons.
The pepper import market to Vietnam in February 2025 reached 2,929 tons, up 61.2% over the previous month, bringing the total import turnover to 15.9 million USD.
