Pepper price today 5/24/2025: domestic price plummets

Domestic pepper prices today - the market plummeted, decreased deeply.

Today's pepper price was updated at 4:30 a.m. on May 24, 2025 as follows: The domestic market suddenly plummeted, down 4,000 - 5,000 VND/kg compared to yesterday's trading session. Currently, the average pepper purchase price in key areas is 146,400 VND/kg.

Specifically, today's pepper price in Gia Lai province suddenly decreased sharply compared to yesterday, a decrease of 4,000 VND/kg, currently the pepper purchase price in this locality is at 146,000 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau turned to decrease sharply, down 5,000 VND/kg compared to yesterday, currently pepper purchasing price in this locality is at 146,000 VND/kg.

Pepper prices in Binh Phuoc also decreased by 4,000 VND/kg, currently traders are purchasing pepper in this locality at 147,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong have the highest fluctuation, down 5,500 VND/kg compared to yesterday, thereby pulling the pepper market in these two localities to 146,500 VND/kg.

Domestic pepper prices updated on the morning of May 24, 2025

Recorded on the morning of May 24, the domestic pepper market suddenly turned sharply down after a series of days of slight fluctuations and sideways movement, currently pepper prices fluctuate from 146,000 - 147,000 VND/kg.

The Import-Export Department (Ministry of Industry and Trade) said that world pepper prices are currently maintained at a high level due to tight supply after the harvest season and expectations of increased demand from the Middle Eastern and European markets in the second quarter of 2025. However, the current main price trend is still sideways, with a narrow range of fluctuations.

In the domestic market, pepper prices in mid-May decreased across key growing areas compared to the same period in April 2025.

Farmers in Dak Nong province harvest pepper

According to the Vietnam Pepper and Spice Association (VPSA), the domestic market has not yet shown signs of recovery due to weak consumption and a wait-and-see mentality, or even a decrease. Therefore, many farmers are still not interested in expanding their cultivation area because current prices are not attractive enough to offset investment risks. In addition, the trend of switching to growing durian, avocado and other crops with higher economic value is becoming more popular. Limited land is also a major barrier to expanding pepper growing areas.

Currently, among the 10 largest pepper export markets of Vietnam in the first 4 months of 2025, the UK market has the strongest growth rate. According to statistics from the Customs Department, Vietnam's pepper exports to the UK market reached 2.33 thousand tons, worth 17.05 million USD, up 22.7% in volume and 97.9% in value over the same period in 2024.

Pepper gardens grown in Dak Nong

World pepper prices today - market fluctuates.

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on May 24, 2025 as follows: pepper market fluctuates between countries; in which, pepper prices in Indonesia continue to increase slightly, while the Malaysian market turns to decrease after a previous period of flat growth.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,432 USD/ton; similarly, Muntok white pepper is currently purchased at 10,134 USD/ton.

The Malaysian pepper market remains stable, currently the price of Malaysian ASTA black pepper is purchased at 9,150 USD/ton and the price of ASTA white pepper is at 11,850 USD/ton.

Pepper prices in Brazil remained stable, with little change compared to the previous trading session. The current purchase price is 6,650 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 24, 2025

The average export price of pepper to the UK market in the first four months of the year reached 7,308 USD/ton, up 61.23% over the same period last year. This price is also significantly higher than the general export price of Vietnamese pepper.

Tuan My

Source: https://congthuong.vn/gia-tieu-hom-nay-2452025-trong-nuoc-lao-doc-giam-sau-389038.html