Domestic pepper prices today - the market continues to decline.
Today's pepper price was updated at 4:30 a.m. on May 29, 2025 as follows: The domestic market fluctuated downward, down from 1,000 - 2,000 VND/kg compared to yesterday's trading session. Currently, the average pepper purchase price in key areas is 146,000 VND/kg.
Specifically, today's pepper price in Gia Lai province decreased compared to yesterday, down 1,500 VND/kg, currently the pepper purchase price in this locality is at 145,500 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau also decreased by 1,000 VND/kg, currently the pepper purchase price in this locality is at 146,000 VND/kg.
Pepper price in Binh Phuoc decreased by 1,000 VND/kg compared to the previous trading session. Currently, pepper price in this locality is purchased by traders at 146,000 VND/kg.
Pepper prices in Dak Lak continued to decrease compared to the previous trading session, down 1,500 VND/kg, currently pepper is purchased at 146,500 VND/kg.
Pepper prices in Dak Nong have the biggest decrease, with 2,000 VND/kg compared to yesterday. Currently, traders are purchasing pepper in this locality at 146,000 VND/kg.
Domestic pepper prices updated on the morning of May 30, 2025 |
According to statistics, since the beginning of April 2025, pepper prices have started to decline due to concerns about the new US tariff policy. Uncertainties related to import taxes have directly affected market sentiment, making trading and order signing activities more cautious. As of May 20, black pepper prices in Brazil have decreased by 200 USD/ton, Vietnam by 400-500 USD/ton and Malaysia by the deepest decrease of 700 USD/ton.
According to a recent report by Ptexim, pepper prices fell 4.6% last week. The main reason is the instability in US tax policy, which has reduced importer confidence.
The report also pointed out that inventories in bonded warehouses in the US and EU are decreasing quite rapidly. In the context of the unclear tariff level with the US, many importers are cautious, temporarily stopping signing new orders and waiting for the results of tariff negotiations in the next few weeks.
Farmers in Gia Lai province harvest pepper. |
If tariffs are negotiated and applied harmonized across countries, import demand in many countries is likely to surge as companies need to replenish inventories.
Meanwhile, freight rates to the EU and the US have increased sharply, by around 20–30% over the past week. The main reason is that Chinese companies have increased exports to the US during the delay in the imposition of reciprocal tariffs on some goods. This has caused a surge in demand for containers and shipping vessels from the Chinese market, leading to a sharp increase in freight rates.
Previously, the Vietnam Pepper and Spice Association (VPSA) predicted that exports in the second quarter and the coming time will continue to face difficulties due to high prices, causing financial pressure on exporters and importers. At the same time, the US tax policy may be changed, so long-term orders will be limited at the present time.
Lush green pepper gardens are grown in Gia Lai |
World pepper prices today - sideways market.
Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on May 30, 2025 as follows: the pepper market moved sideways and stabilized after yesterday's sharp decline.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,427 USD/ton; similarly, Muntok white pepper is currently purchased at 10,125 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.
Vietnam's pepper export market has stabilized after yesterday's sharp decline. Currently, Vietnam's black pepper export price is at 6,500 USD/ton for 500 g/l; 550 g/l at 6,600 USD/ton and white pepper is at 9,500 USD/ton.
Update world pepper prices on the morning of May 30, 2025 |
To maintain export volume, businesses need to boost exports to the EU, India, and the Middle East as well as increase investment in deep processing and brand building.
Source: https://congthuong.vn/gia-tieu-hom-nay-3052025-trong-nuoc-bien-dong-giam-389957.html
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