Pepper price today May 2, 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.
According to a report from Mane Kancor Spices Company, 2025 will be the fourth consecutive year of decline in global pepper production due to the impact of climate change. This situation is affecting many major producing countries such as Indonesia, India, Sri Lanka, Brazil and Vietnam.
In India, despite increased supplies in March, domestic demand far outstripped supply. Crop damage in Karnataka has led to a drop in pepper production. Farmers and speculators are holding onto their stocks, with no selling pressure, which could see domestic black pepper prices rise sharply in the coming months.
The situation in Indonesia is not much better. Pepper supply to the market is still very limited. Unusual weather, reduced productivity and increased labor costs mean this year’s crop could be much lower than previous years.
Many farmers have abandoned pepper cultivation in favor of other crops such as coffee and durian because of higher profits. Indonesia now exports mainly to China, Vietnam, the United States and Europe.
In Vietnam, productivity has fallen slightly, but rising pepper prices have benefited farmers. With good income from other crops, especially coffee and durian, pepper growers are in no rush to sell.
Pepper prices are forecast to remain high this year. The US remains Vietnam’s largest pepper export market, followed by Germany, India, China and the UAE.
Sri Lanka is expected to start a new harvest in May, but production in 2025 is estimated to be down by up to 30%. This will further exacerbate the global supply shortage.
In 2024, Sri Lanka's pepper exports reached a record of more than 25,900 tons, up nearly 85% over the previous year, helping the country rise to 6th place in the world. The largest consumer market is India, accounting for 92% of Sri Lanka's total exports.
In Brazil, although demand remains stable, exporters are having difficulty sourcing raw materials due to rising prices and limited supply. Pepper production in 2025 is forecast to be lower than last year, while new shipments are expected to only start arriving on the market from August. Therefore, pepper prices in Brazil are expected to remain stable thanks to high demand from Europe and the US combined with reduced production.
Pepper price today 2/5 in the world market
In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Community (IPC) has updated the prices of pepper of all types traded in the international market on May 1 (local time) as follows:
Indonesia's Lampung black pepper price remained unchanged from yesterday at $7,211 per tonne. Meanwhile, Muntok white pepper price remained unchanged from yesterday at $9,767 per tonne.
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $6,800/mt.
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 remained unchanged compared to yesterday. Of which, the price of 500 gr/l black pepper in Vietnam reached 6,700 USD/ton; 550 gr/l reached 6,800 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at $9,700/ton.
Source: https://baonghean.vn/gia-tieu-hom-nay-2-5-2025-tiep-tuc-neo-cao-10296368.html
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