Wednesday, May 14, 2025

Pepper Market on May 14, 2025

 

Pepper Market on May 14, 2025: Experts are optimistic about the upward trend of pepper prices

Pepper prices today  (May 14) in the domestic market remained unchanged for the third consecutive day at 151,000 - 152,000 VND/kg. Experts say increased demand in the markets will push up domestic and export pepper prices.

Update pepper price

In the domestic market

According to a survey,  pepper prices  today continue to remain stable at 151,000 - 152,000 VND/kg in key provinces and cities. This is the third consecutive day of flat prices in the market.

In the Central Highlands provinces such as Dak Lak, Dak Nong and Gia Lai, the common purchase price is at 151,000 VND/kg.

Pepper prices   in the Southeast region are higher, with the purchase price in Binh Phuoc reaching VND151,500/kg. Meanwhile, in the two provinces of Ba Ria - Vung Tau and Dong Nai, the highest price was recorded at VND152,000/kg.

Province/district

(survey area)

Purchase price on May 14

(Unit: VND/kg)

Change from previous day (Unit: VND/kg)

Dak Lak

151,000

Gia Lai

151,000

Dak Nong

151,000

Ba Ria – Vung Tau

152,000

Binh Phuoc

151,500

Dong Nai

152,000

In the world market

In the world market, pepper prices were generally unchanged in the latest trading session. According to data from the International Pepper Community (IPC), Indonesian and Malaysian black pepper prices are quoted at USD 7,323/ton and USD 9,200/ton; Brazilian black pepper ASTA 570 price reached USD 6,800/ton.

Vietnam's black pepper prices still fluctuate between 6,700 - 6,800 USD/ton for 500 g/l and 550 g/l.

Type name

World black pepper price list

May 14 (Unit: USD/ton)

% change from previous day

Lampung Black Pepper (Indonesia)

7,323

Brazilian Black Pepper ASTA 570

6,800

Kuching Black Pepper (Malaysia) ASTA

9,200

Vietnamese black pepper (500 g/l)

6,700

Vietnamese black pepper (500 g/l)

6,800

At the same time of survey, the price of Indonesian Muntok white pepper reached 9,918 USD/ton. Meanwhile, the price of Vietnamese white pepper and Malaysian ASTA white pepper stood at 9,700 USD/ton and 11,900 USD/ton, respectively.

Type name

World white pepper price list

May 14 (Unit: USD/ton)

% change from previous day

Muntok Indonesian White Pepper

9,918

ASTA Malaysian White Pepper

11,900

Vietnam white pepper

9,700

Update pepper information

Informing  the Industry and Trade Newspaper , Mr. Hoang Phuoc Binh - former Permanent Vice President of Chu Se Pepper Association, said that the Chinese market imports but not much.

They only import enough for immediate consumption. The reason is due to many factors related to China's economic problems, import and  export  procedures  and their policy of buying in moderation to control pepper prices.

Although pepper prices this year are still higher than last year, replanting this crop is not taking place strongly in the provinces because there is no new land or farmers are growing crops with higher economic value, so the area will be difficult to increase in 2025.

From now until the end of the year, supply and demand will remain the most important factor. The global market is still in short supply, which will support pepper prices to increase again in the medium and long term.


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