Pepper price today October 28: "Nailed" at the peak of 145,000 VND, increased inventory still "powerless" to pull down prices

Latest pepper prices stable in domestic market: Pepper prices "stuck" at old peak

Domestic pepper prices remained stable at VND143,000-145,000/kg on October 28, 2025, despite increased inventories. International markets saw slight fluctuations, while the new trade agreement between Vietnam and the US opened up export opportunities for products such as pepper.

In Vietnam’s major pepper growing provinces, purchasing prices remained unchanged from the previous day. Specifically, Gia Lai recorded the lowest level at VND143,000/kg. Ho Chi Minh City and Dong Nai both listed VND144,000/kg. Dak Lak and Lam Dong peaked at VND145,000/kg, reflecting the strength of major production areas. This stability occurred despite increased inventories, indicating that domestic and export demand still supported prices.

On October 26, Vietnam and the US announced a Joint Statement on the framework of the Reciprocal Trade Agreement at the ASEAN Summit 2025 in Kuala Lumpur. Prime Minister Pham Minh Chinh and President Donald Trump witnessed the event. According to the agreement, the US maintains a 20% reciprocal tax on Vietnamese goods, but considers exempting some products in Annex III of Executive Order 14356, for partners with similar orientations. Coffee, pepper and seafood groups have the potential to enjoy early incentives thanks to meeting origin and quality standards. This move is expected to increase the competitiveness of Vietnamese goods in the US, the leading export market.

Analysts say commodity prices may fluctuate in the short term, but the medium- and long-term outlook is positive thanks to steady demand from the US and Europe. Climate change continues to affect global production, supporting long-term prices.

World pepper prices: Indian pepper prices under pressure from Brazil

In the global market, the price of Indonesian Lampung black pepper increased slightly by 0.1% to USD 7,211/ton, while Muntok white pepper increased by 0.09% to USD 10,061/ton. In Malaysia, ASTA black pepper remained unchanged at USD 9,375/ton and ASTA white pepper at USD 12,400/ton. The Brazilian market maintained the purchase price of ASTA 570 black pepper at USD 6,100/ton. The price of Vietnamese pepper was completely stable, with 500g/l black pepper at USD 6,400/ton, 550g/l at USD 6,600/ton, and white pepper at USD 9,050/ton.

In India, according to The Hindu Businessline, the black pepper market in North India has been quiet after Deepawali despite the price increase. Consumers in the North are still on holiday, but the market is expected to pick up from this week. Prices have increased by about 1 rupee per kg per day, reaching 693 rupees per kg for ungraded pepper and 713 rupees per kg for graded pepper at the Kochi market. Spice manufacturers have increased purchases to meet demand.

Kishore Shamji, president of the Indian Pepper and Spice Trade Association, said the expectation of a reduction in import duty from the US has created a sense of optimism and hope for a recovery in exports. However, Brazilian pepper imported at around Rs 750 per kg at traders’ outlets is causing concern, affecting domestic consumption in Tamil Nadu, Wayanad and Coorg. Brazilian pepper is priced at $6,000 per tonne, lower than the $8,000 per tonne in India.

India’s agriculture ministry has revised pepper production for the 2026 crop year down to 85,000 tonnes from a survey-based forecast of 110,000 tonnes. Farmers fear the upcoming northeast monsoon, with damaging winds, could impact the next crop’s yield.

Source: https://baolamdong.vn/gia-tieu-hom-nay-28-10-dong-dinh-dinh-145-000-dong-ton-kho-tang-van-bat-luc-keo-gia-398386.html