Pepper price today May 18, 2025: market anchored at high level

Domestic pepper prices today - the market is stable at a high level.

Today's pepper price was updated at 4:30 a.m. on May 18, 2025 as follows: The domestic market is stable, sideways and anchored at a high level compared to yesterday's trading session. Currently, the average pepper purchase price in key areas is 151,800 VND/kg.

Specifically, today's pepper price in Gia Lai province remained stable, unchanged compared to the previous trading session. Currently, the pepper purchase price in this locality is at 151,000 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc have a stable trend compared to yesterday, currently the pepper price purchased by traders in the two localities is 151,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong have remained stable compared to the previous slight increase. Currently, traders are purchasing pepper in these two localities at 153,000 VND/kg.

Domestic pepper prices updated on the morning of May 18, 2025

Experts say global pepper prices remain high due to limited post-harvest supplies and expectations of increased demand from the Middle East and Europe in the second quarter. However, the overall trend remains relatively stable or has slight fluctuations. Although prices have increased this year compared to the same period in 2024, new planting areas have not been expanded due to lack of land and farmers have switched to other crops.

Experts say that after the US announced its reciprocal tax policy, Vietnamese pepper is facing increasing competitive pressure from products from Brazil and Indonesia due to lower tax rates from these two countries. The current increase only ranges from 500 to 1,000 VND/kg and depends largely on exchange rates and logistics costs.

Farmers in Dak Nong province harvest pepper

Currently, Vietnamese pepper is under competitive pressure from Brazil and Indonesia, especially after the US applied a reciprocal tax policy. While Vietnam's pepper tax in this market remained at 10% in the second quarter, expected to increase to 25-30% in the third quarter, rival countries are enjoying lower tax rates, causing great disadvantages for export enterprises.

Faced with unpredictable market developments, the Government has assigned the Ministry of Agriculture and Environment to coordinate with the Ministry of Finance and relevant agencies to study solutions to support the temporary purchase and storage of agricultural products that are prone to falling prices such as rice, coffee, and pepper, in order to stabilize farmers' income during the peak harvest season.

At the same time, ministries, branches and localities are required to closely follow global trade developments, proactively and flexibly manage, and promptly provide information to businesses to effectively deal with challenges from international trade instability.

Pepper gardens grown in Dak Nong

World pepper prices today - market little fluctuation.

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on May 18, 2025 as follows: the pepper market continues to be stable. Little fluctuation compared to many previous ups and downs.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,301 USD/ton; similarly, Muntok white pepper is currently purchased at 10,051 USD/ton.

The Malaysian pepper market remains stable, currently the price of Malaysian ASTA black pepper is purchased at 9,200 USD/ton and the price of ASTA white pepper is at 11,900 USD/ton.

Pepper prices in Brazil remained stable, with little change compared to the previous trading session. The current purchase price is 6,800 USD/ton.

The Vietnamese pepper market continues to move sideways and stabilize. Currently, the export price of Vietnamese black pepper is at 6,700 USD/ton for 500 g/l; 550 g/l is at 6,800 USD/ton and the price of white pepper is at 9,700 USD/ton.

Update world pepper prices on the morning of May 18, 2025

In the first four months of 2025, Vietnam exported 73,650 tons of pepper, earning 508.36 million USD. Although output decreased by 11.3% compared to the same period last year, the value increased by 44.4%, reflecting the trend of significantly higher export prices.

Tuan My

Source: https://congthuong.vn/gia-tieu-hom-nay-1852025-thi-truong-neo-muc-cao-388062.html