Pepper price today May 1, 2025 in domestic market
Pepper prices today in some key growing areas remained unchanged compared to yesterday. Accordingly, the domestic pepper price level is from 154,000 VND/kg to 156,000 VND/kg.
In the Central Highlands region, pepper price today in Dak Lak remained unchanged compared to yesterday, currently at 156,000 VND/kg.
Pepper price today in Gia Lai is unchanged compared to yesterday, currently at 154,000 VND/kg.
Pepper price today in Dak Nong is unchanged compared to yesterday, currently at 156,000 VND/kg.
In the Southeast region, pepper prices today in Ba Ria - Vung Tau are currently at 155,000 VND/kg, unchanged from yesterday. Dong Nai is unchanged from yesterday at 155,000 VND/kg.
In addition, pepper price today in Binh Phuoc is unchanged compared to yesterday, currently at 155,000 VND/kg.
During the April 30 - May 1 holiday, the domestic pepper market did not record significant price fluctuations. Purchasing power has slowed down, while supply remains limited. Many businesses and pepper growers are tending to hold onto their stocks, waiting for more positive signals after the holiday.
According to Ptexim's report, pepper demand in major markets such as Europe and Asia is showing signs of recovery, notably the US and China. Exports to China in the first quarter of 2025 increased by nearly 88% compared to the same period last year, but are still lower than the level of 2023. This shows that this is a strategic hoarding action, rather than reflecting a real increase in consumer demand.
In the US, a number of long-term orders have been booked for the third and fourth quarters of this year, reflecting confidence in the possibility of continued price increases, as well as concerns about supply shortages in the coming period. However, Vietnamese businesses are still quite cautious, not rushing to commit to long-term contracts because they expect pepper prices to continue to increase in the 2025–2026 period.
Meanwhile, according to the World Bank's Commodity Market Outlook, global commodity prices are forecast to fall by 12% in 2025 and by another 5% in 2026. When adjusted for inflation, this price level is equivalent to the average of the 2015–2019 period, the lowest level in the 2020s, marking the end of a long price increase cycle from the post-COVID-19 period and the Russia–Ukraine conflict.
World Bank Chief Economist Indermit Gill said that commodity prices have been an important driver for developing countries, especially exporters, but that sharp price swings in the current low-price environment are causing serious economic instability.
In addition, the World Bank forecasts that global food prices will fall by 7% this year and by another 1% next year. However, this reduction is not enough to improve food insecurity in vulnerable countries, especially when humanitarian aid is cut and many areas are still engulfed in conflict.
Pepper price today 1/5 in the world market
In the world market, based on quotes from export enterprises and export prices in countries, the International Pepper Association (IPC) has updated pepper prices of all types traded in the international market on April 30 (local time) as follows:
Indonesia's Lampung black pepper price increased slightly compared to yesterday at 7,211 USD/ton (up 0.44%). In addition, Muntok white pepper price also increased slightly compared to yesterday at 9,767 USD/ton (up 0.44%).
Brazilian black pepper ASTA 570 price decreased sharply compared to yesterday at 6,800 USD/ton (down 1.47%).
Malaysia’s ASTA black pepper price remained unchanged from yesterday at $9,300/ton. Meanwhile, the country’s ASTA white pepper price remained stable from yesterday at $11,900/ton.
Prices of all types of pepper in Vietnam have decreased sharply compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 6,700 USD/ton (down 1.49%); 550 gr/l reached 6,800 USD/ton (down 1.47%).
Similarly, Vietnam's white pepper price dropped sharply compared to yesterday, reaching 9,700 USD/ton (down 1.03%).
Source: https://baonghean.vn/gia-tieu-hom-nay-1-5-2025-xuat-khau-giam-manh-10296307.html
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