Domestic pepper price
Pepper prices today in key growing areas continued to increase sharply compared to yesterday. Thereby, the domestic pepper price level is from 138,000 VND/kg to 142,000 VND/kg.
In the Central Highlands region, pepper price today in Dak Lak increased sharply by 4,000 VND/kg compared to yesterday, currently at 142,000 VND/kg.
Pepper price today in Gia Lai increased by 2,000 VND/kg compared to yesterday, currently at 138,000 VND/kg.
Pepper price today in Dak Nong increased by 4,000 VND/kg compared to yesterday, currently at 142,000 VND/kg.
In the Southeast region, pepper price today in Ba Ria - Vung Tau is currently at 140,000 VND/kg, an increase of 4,000 VND/kg compared to yesterday. Dong Nai increased by 4,000 VND/kg compared to yesterday at 140,000 VND/kg.
In addition, pepper price today in Binh Phuoc increased by 4,000 VND/kg compared to yesterday, currently at 140,000 VND/kg.
Pepper price today 2/7 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 all types of pepper traded in the international market on July 1 (local time) as follows:
Indonesian Lampung black pepper prices increased slightly compared to yesterday at USD 7,547/ton (up 0.24%). In addition, Muntok white pepper prices remained unchanged compared to yesterday at USD 10,195/ton (up 0.25%).
Brazilian ASTA black pepper price increased sharply compared to yesterday at 6,050 USD/ton (up 1.65%).
Malaysia's ASTA black pepper price remained unchanged from yesterday at $9,000/ton. Meanwhile, the country's ASTA white pepper price remained unchanged from yesterday at $11,750/ton.
Prices of all types of pepper in Vietnam remained unchanged compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 6,240 USD/ton; 550 gr/l reached 6,370 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at $8,950/ton.
Pepper prices expected to recover strongly in the second half of 2025
In the short term, domestic pepper prices are forecast to remain low. Many farmers and speculators are still holding onto their stocks and are not in a hurry to sell, expecting prices to recover more strongly in the third and fourth quarters of this year. This hoarding mentality has reduced supply to the market, helping to limit the sharp decline.
According to the latest report from Ptexim, demand from major markets such as the US, EU, the Middle East and especially China is increasing strongly. This development has positively supported pepper prices. In addition, the temporary easing of geopolitical tensions after the ceasefire agreement between Iran and Israel has also helped the Middle East market recover strongly.
The deal is expected to open up access to a pepper market worth around $180 million. Demand in the Middle East is forecast to increase by up to 35% in the third and fourth quarters of 2025, becoming an important driving force for global pepper prices.
Regarding supply, the Brazilian Spice Association has recommended a temporary suspension of exports during low prices. This move has caused many orders to shift to Vietnam, making our country a key supply point in the global pepper export chain.
Synthesizing supply and demand factors, experts believe that pepper prices will likely recover more clearly in the second half of 2025. Current low inventory levels are creating a good foundation for prices to recover in a sustainable direction.
Source: https://baonghean.vn/gia-tieu-hom-nay-2-7-2025-tiep-tuc-tang-manh-10301397.html
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