Domestic pepper prices today - market slightly down.
Today's pepper price was updated at 4:30 a.m. on May 31, 2025 as follows: The domestic market continued to fluctuate slightly, down from 500 - 1,000 VND/kg; only pepper price in Dak Nong was stable and unchanged compared to yesterday's trading session. Currently, the average pepper purchase price in key areas is 145,500 VND/kg.
Specifically, pepper prices today in Gia Lai province continued to decrease slightly, down 500 VND/kg compared to yesterday, currently the pepper purchasing price in this locality is at 145,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau also decreased by 1,000 VND/kg, currently the pepper purchase price is at 145,000 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 145,000 VND/kg.
Pepper prices in Dak Lak continued to decrease compared to yesterday's trading session, down 500 VND/kg, currently pepper is purchased at 146,000 VND/kg.
Pepper prices in Dak Nong are stable and unchanged compared to yesterday's decrease. Currently, traders are purchasing pepper in this locality at a price of 146,000 VND/kg.
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| Domestic pepper prices updated on the morning of May 31, 2025 |
According to experts, after the US announced its reciprocal tax policy, Vietnamese pepper is facing increasing competitive pressure from products from Brazil and Indonesia due to lower tax rates from these two countries.
Experts predict that in the short term, pepper purchasing prices will fluctuate depending on the export speed and the stockpiling trend of processing enterprises as well as international traders.
Previously, the Vietnam Pepper and Spice Association (VPSA) predicted that exports in the second quarter of 2025 and the coming time will continue to face difficulties due to high prices, causing financial pressure on exporters and importers. In order 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.
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| Farmers in Dak Nong province take care of pepper |
According to the Customs Department, Vietnam's pepper exports in the first 15 days of May reached 10,596 tons, worth 74.6 million USD, down sharply by 20.3% in volume and 25.1% in value compared to the same period last year.
Accumulated from the beginning of the year to May 15, Vietnam exported 84,243 tons of pepper of all kinds, earning nearly 583 million USD. Although output decreased by about 12.6% compared to the same period last year, the value increased by 41.6% thanks to the export price soaring by 62%, reaching an average of 6,920 USD/ton.
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| Pepper gardens grown in Dak Nong province |
World pepper prices today - sideways market.
Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on May 31, 2025 as follows: the pepper market continued to move sideways and stabilize after yesterday's trading session.
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 is stable and increased slightly compared to the previous trading session. Currently, the export price of Vietnamese black pepper is at 6,500 USD/ton for 500 g/l; 550 g/l is at 6,600 USD/ton and the price of white pepper is at 9,500 USD/ton.
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| Update world pepper prices on the morning of May 31, 2025 |
Vietnam continues to be the leading pepper supplier to the US, with output in 2024 reaching nearly 72,500 tons, accounting for 31% of total export turnover and setting an all-time high record in this market. However, this trade relationship is being affected by the new US tax policy.
Source: https://congthuong.vn/gia-tieu-hom-nay-3152025-trong-nuoc-giam-nhe-390133.html
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