Pepper price today June 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 144,000 VND/kg to 146,000 VND/kg.
In the Central Highlands region, pepper price today in Dak Lak remained unchanged compared to yesterday, currently at 146,000 VND/kg.
Pepper price today in Gia Lai is unchanged compared to yesterday, currently at 144,500 VND/kg.
Pepper price today in Dak Nong is unchanged compared to yesterday, currently at 144,000 VND/kg.
In the Southeast region, pepper prices today in Ba Ria - Vung Tau are currently at 145,000 VND/kg, unchanged from yesterday. Dong Nai is unchanged from yesterday at 145,000 VND/kg.
In addition, pepper price today in Binh Phuoc is unchanged compared to yesterday, currently at 145,000 VND/kg.
Overall, last week, domestic pepper prices decreased from 500 to 2,500 VND/kg compared to the previous week. Specifically, Dak Nong was the locality with the sharpest price decrease this week, down to 2,500 VND/kg. Next was pepper prices in Gia Lai province, down 1,500 VND/kg compared to the previous week. Dak Lak only slightly decreased by 500 VND/kg. In the Southeast, pepper prices in Ba Ria - Vung Tau, Binh Phuoc and Dong Nai decreased from 1,000 to 2,000 VND/kg.
Domestic pepper prices continued to decline last week, largely due to cautious sentiment over uncertainties from US tariff policies. This has made trading and new contract signing activities more reserved.
Pepper price today June 2 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 June 1 (local time) as follows:
Indonesia's Lampung black pepper price remained unchanged from yesterday at $7,427/ton. Meanwhile, Muntok white pepper price also remained unchanged from yesterday at $10,125/ton.
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $6,650/mt.
Malaysia's ASTA black pepper price remained unchanged from yesterday at $9,150/ton. Meanwhile, the country's ASTA white pepper price remained unchanged from yesterday at $11,850/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 6,500 USD/ton; 550 gr/l reached 6,600 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at $9,500/ton.
Last week, pepper export prices in Vietnam and Indonesia decreased compared to the previous week, while other countries remained stable. Data from the International Pepper Community (IPC) showed that Indonesia's black pepper export price last week decreased slightly by 5 USD/ton. In Vietnam, the export price of 500 g/l and 550 g/l black pepper both decreased by 200 USD/ton compared to the previous week.
At the same time of survey, the price of Indonesian Muntok white pepper decreased by 9 USD/ton compared to last week. The export price of Vietnamese white pepper decreased by 200 USD/ton and is currently quoted at 9,500 USD/ton.
In India, although pepper production is forecast to drop sharply to about 76,000 tons compared to 126,000 tons last year, pepper prices have not increased as the usual supply and demand rule. The reason is that domestic demand is only about 60,000 tons and inventories from last year are still about 50,000 tons, creating great pressure on the market.
In addition, cheap pepper imports from Vietnam and Sri Lanka continue to flood into India thanks to regional free trade agreements. In the first 11 months of FY2024–25, India imported 24,000 tonnes of pepper from Sri Lanka, a sharp increase over the previous year. Imports from Vietnam also reached over 11,000 tonnes, despite being subject to a high duty of 51%. Total pepper imports into India in FY2024 have reached 37,000 tonnes, up from 35,000 tonnes last year.
Currently, domestic pepper prices in India are hovering around Rs 700 per kg, Rs 25 lower than last month. Meanwhile, imported pepper prices are only around Rs 25 lower per kg, making domestic pepper less competitive and farmers not getting the expected profits.
The new pepper season in Sri Lanka is expected to start from June, adding further downward pressure on prices in the Indian market. Although Indian Malabar Gold pepper remains high in quality in the international market, the influx of cheap pepper from other countries will continue to limit price increases in the near term.
Source: https://baonghean.vn/gia-tieu-hom-nay-2-6-2025-giam-manh-ca-tuan-10298700.html
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