The market is quiet during the Lunar New Year holiday
In the domestic market
Survey shows that pepper prices today remain stable at 147,000 - 148,200 VND/kg in key provinces and cities.
In the Central Highlands region, pepper prices in Dak Lak and Dak Nong provinces are being purchased at the highest level of 148,200 VND/kg. Following is pepper prices in Gia Lai province at 147,500 VND/kg.
In the Southeast region, pepper prices in Ba Ria - Vung Tau, Dong Nai and Binh Phuoc were purchased at 147,000 VND/kg.
|
Province/district (survey area) |
Purchase price on January 29 (Unit: VND/kg) |
Change from previous day (Unit: VND/kg) |
|
Dak Lak |
148,000 |
– |
|
Gia Lai |
147,500 |
– |
|
Dak Nong |
148,200 |
– |
|
Ba Ria – Vung Tau |
147,000 |
– |
|
Binh Phuoc |
147,000 |
– |
|
Dong Nai |
147,000 |
– |
In the world market
Similar to the domestic market in Vietnam, pepper prices at other suppliers have also remained mostly flat in recent trading sessions.
In the most recent trading session, the International Pepper Community (IPC) listed Lampung black pepper (Indonesia) at 7,157 USD/ton; ASTA 570 Brazilian black pepper at 6,150 USD/ton and Kuching Malaysian black pepper at 9,000 USD/ton.
Vietnam black pepper prices continued to move sideways at around 6,350 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l.
|
Type name |
World black pepper price list |
|
|
January 29 (Unit: USD/ton) |
% change from previous day |
|
|
Lampung Black Pepper (Indonesia) |
7,157 |
– |
|
Brazilian Black Pepper ASTA 570 |
6.150 |
– |
|
Kuching Black Pepper (Malaysia) ASTA |
9,000 |
– |
|
Vietnamese black pepper (500 g/l) |
6,350 |
– |
|
Vietnamese black pepper (500 g/l) |
6,650 |
– |
At the same time of survey, the price of Indonesian Muntok white pepper reached 9,456 USD/ton. Meanwhile, the export price of Vietnamese white pepper reached 9,550 USD/ton and Malaysian ASTA white pepper reached 11,600 USD/ton.
|
Type name |
World white pepper price list |
|
|
January 29 (Unit: USD/ton) |
% change from previous day |
|
|
Muntok Indonesian White Pepper |
9,456 |
– |
|
ASTA Malaysian White Pepper |
11,600 |
– |
|
Vietnam white pepper |
9,550 |
– |
Update pepper information
According to IPC, the average FOB price of black pepper from major producing countries in 2024 increased by about 45% compared to the previous year. Meanwhile, the average FOB price of white pepper recorded a lower increase of about 34%.
Brazil's FOB black pepper export price recorded a sharp increase compared to producing countries with an increase of 48.4%, from an average of 3,125 USD/ton in 2023 to 4,639 USD/ton in 2024.
In 2024, Malaysia also recorded an increase of 37% for FOB black pepper prices and 26% for white pepper, averaging USD 6,718/ton and USD 8,881/ton, respectively.
The FOB price of black pepper exported from India recorded an increase of 11%, the lowest increase among producing countries, from an average of 6,713 USD/ton in 2023 to 7,460 USD/ton in 2024. This is also the country with the highest pepper price in the world in 2024.
In line with the world's upward trend, Indonesia's FOB black pepper export price also recorded an increase of 53%, from an average of 3,824 USD/ton in 2023 to 5,855 USD/ton in 2024. Meanwhile, the FOB price of Indonesian white pepper increased by 26%, from an average of 6,212 USD/ton in 2023 to 7,852 USD/ton in 2024.
Also according to IPC data, the price of 500 g/l black pepper in Vietnam in 2024 will average 5,447 USD/ton, up 58.6% compared to 2023. In addition, the price of white pepper will increase by 61.3% and reach an average of 8,061 USD/ton.
According to the Vietnam Pepper and Spice Association (VPSA), global pepper prices in 2025 are expected to remain high due to a decrease in supply, while demand in major markets such as the US and Europe remains stable. The demand for pepper in the food and spice processing industries remains the main driver of the market.
According to VietnamBiz.vn
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