Domestic pepper prices were stable and maintained at a high level compared to the previous session. Currently, the average buying price in localities is 145,800 VND/kg. Vietnam continues to maintain its position as a global pepper supply center, while boosting exports thanks to favorable trade conditions.
Domestic pepper prices
In the domestic market, pepper prices today did not change much compared to yesterday. Specifically, the purchasing price of pepper in Gia Lai province is at 145,000 VND/kg; Similarly, the price of pepper in Binh Phuoc province was purchased at 146,000 VND/kg; Ba Ria - Vung Tau pepper price was purchased at 146,000 VND/kg; Dak Lak pepper price was stable at 146,000 VND/kg and pepper price in Dak Nong was increased by 200 VND/kg to 146,200 VND/kg.
Although pressure from investment capital flows is shifting towards the coffee industry, the pepper market still maintains stability thanks to positive demand from the US.
The US continues to be Vietnam's largest pepper export market, with purchasing power increasing sharply in the last months of the year. Falling inflation and loose monetary policy in the US have boosted import demand, while importers are taking advantage of the economic instability following the presidential election.
Thanks to that, domestic pepper prices remained stable around the threshold of 145,000 - 146,200 VND/kg. According to experts, this trend will continue, especially in the context that supply from other large producing countries such as Brazil is limited due to high prices and sharp increases in transportation costs.
Vietnam is not only the world's largest pepper exporter but also the leading consumption market for producing countries in Southeast Asia. In 2024, pepper imports from Indonesia to Vietnam have increased by more than 347%, reaching 13,409 tons, accounting for 30.2% of Indonesia's total pepper exports.
Despite pressure from increased production and transportation costs, the pepper market still maintains stability thanks to strong demand from major markets, especially the US. Vietnam continues to maintain its position as a global pepper supply center, while boosting exports thanks to favorable trade conditions.
World pepper prices
The world pepper market fluctuates slightly, with increases and decreases between countries. Particularly, the Vietnamese pepper market is stable at a high level.
Specifically, IPC listed the price of Indonesia's Lampung black pepper increased by 58 USD/ton compared to the previous trading session, reaching 6,845 USD/ton; However, on the contrary, the price of Muntok white pepper decreased by 18 USD/ton and was at 9,050 USD/ton.
Similarly, the price of Brazilian black pepper ASTA 570 is currently at 6,350 USD/ton (up 50 USD/ton) compared to the previous trading session; Pepper prices in Malaysia continued to be stable compared to the previous trading session; Malaysia's ASTA black pepper price is at 8,200 USD/ton, ASTA white pepper price is at 10,400 USD/ton.
The export price of Vietnamese black pepper maintains a stable level of 6,300 USD/ton with the 500 g/l type, the 550 g/l type remains at 6,600 USD/ton; White pepper price is at 9,400 USD/ton and increased slightly.
Last week, the price of Lampung Indonesian black pepper was listed at 6,787 USD/ton, an increase of 1.3% (84 USD/ton) compared to last week. Similarly, the price of Brazilian black pepper ASTA 570 last week increased slightly by 25 USD/ton, to 6,300 USD/ton. Vietnam's export price of black pepper 500 g/l and 550 g/l fluctuates between 6,300 - 6,600 USD/ton, 100 USD/ton higher than last week. As for Kuching Malaysia black pepper price, it remained stable at 8,200 USD/ton.
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