Maintain stability and anchor at high level

In the domestic market

In Dak Lak province, pepper price today is purchased at 145,000 VND/kg.

In Dak Nong province, pepper price today is purchased at 145,000 VND/kg.

In Gia Lai province, pepper price today is at 144,000 VND/kg.

Meanwhile in Dong Nai, pepper price today is at 144,000 VND/kg.

In Ba Ria - Vung Tau province, pepper price today is at 145,000 VND/kg.

In Binh Phuoc province, pepper price today is purchased at 144,000 VND/kg.

Province/district (survey area)	Purchase price (Unit: VND/kg)	Change from yesterday (Unit: VND/kg)
Dak Lak	145,000	-
Gia Lai	144,000	-
Dak Nong	145,000	-
Ba Ria - Vung Tau	145,000	-
Binh Phuoc	144,000	-
Dong Nai	144,000	-

According to statistics from the General Department of Customs, as of December 15, Vietnam had exported nearly 242,000 tons of pepper, earning 1.26 billion USD. Although the export volume was 23,900 tons lower than in 2023, the export value far exceeded the 910.5 million USD mark, marking a record high since 2017.

Domestically, pepper prices recorded a sharp increase from VND80,000/kg at the beginning of the year to a peak of VND180,000/kg in mid-June, then cooled down but remained at a high level. This helped pepper growers achieve large profits last year.

However, the 2025 pepper crop is expected to be delayed by 1-2 months due to the impact of prolonged drought, making supply even more scarce. Realizing this situation, import markets have proactively increased imports early and currently most have enough goods until the first quarter of 2025.

The year-end market became quiet as consumption demand decreased, causing pepper prices to have no further growth momentum.

In the world market

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 6,835 USD/ton, down 0.31%; the price of Brazilian black pepper ASTA 570 at 6,275 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,400 USD/ton.

Muntok white pepper price is 8,945 USD/ton, down 0.3%; Malaysian ASTA white pepper price is at 10,600 USD/ton.

Vietnam black pepper price is traded at 6,400 USD/ton for 500 g/l; 550 g/l at 6,700 USD/ton; white pepper price is at 9,600 USD/ton. IPC reduces pepper price in Indonesia again.

Domestic pepper prices have recently undergone many fluctuations, creating many difficulties for farmers and businesses. These changes mainly come from the imbalance between supply and demand in the domestic and international markets, along with factors such as unfavorable weather, economic policies and consumer consumption trends.

Although the end of the year is usually the peak consumption season, global pepper demand has fallen sharply. Major markets have stocked up enough to last until the end of the first quarter of 2025, while pepper prices in rival countries such as Indonesia and Brazil are much more competitive than those in Vietnam.

Vietnam’s pepper output is expected to decline in 2025, with the harvest expected to start 1-2 months later due to the impact of prolonged drought. Similarly, other producing countries are also facing major production challenges, further tightening global supplies.

Source: https://baodaknong.vn/gia-tieu-hom-nay-26-12-2024-duy-tri-on-dinh-va-neo-o-muc-cao-237932.html