According to the latest report, the price of pepper today ranges from VND145,000 to VND146,000 per kilogram. The impact of climate change in 2024 has affected pepper production, but some regions have reported favorable weather conditions. In Dak Lak province, the price of pepper today increased by 500 VND to VND145,500 per kilogram.

This morning, pepper prices slightly increased in Dak Lak, while remaining unchanged in other provinces compared to the same time yesterday. According to the International Pepper Community (IPC), pepper prices for black pepper from Lampung (Indonesia) are at USD7,142 per ton; black pepper from Brazil (ASTA 570) is at USD6,350 per ton; and black pepper from Kuching (Malaysia, ASTA) is at USD8,700 per ton. White pepper from Muntok is at USD 9,231 per ton, and white pepper from Malaysia (ASTA) is at USD11,100 per ton.

In Vietnam, the price for black pepper (500 g/l) is at USD 6,350 per ton, and for black pepper (550 g/l), it is USD6,650 per ton. White pepper is trading at USD9,550 per ton.

The Vietnam Pepper and Spice Association noted that the impact of climate change in 2024 affected the production of pepper. However, some areas experienced favorable weather conditions. In Dak Nong, the pepper capital of Vietnam, production is expected to be on par with last year. In key provinces such as Gia Lai, Binh Phuoc, Dong Nai, and Ba Ria-Vung Tau, there is a positive trend as the increase in pepper prices encourages farmers to invest more in care and restoration of existing pepper gardens.

However, in Dak Lak, the second-largest pepper-growing province, production is expected to decrease due to farmers shifting to durian cultivation, and there is little new planting. Pepper harvests in Dak Lak are expected to begin after the Lunar New Year and continue until the end of April 2025.

In the last three months of 2024, domestic prices remained stable at around VND140,000 to VND150,000 per kilogram. Compared to the beginning of the year, domestic black pepper prices increased by 75.6%, and white pepper increased by 68.8%. Similarly, export prices increased by 30.7% for black pepper and 28.6% for white pepper.

The Association expects global pepper prices in 2025 to remain high due to a decline in supply, while demand from large markets such as the U.S. and Europe remains stable. The demand for pepper in the food and spice processing industries is expected to continue driving the market.

According to Vietnam Pepper and Spice Association, in December 2024, Vietnam exported 15,265 tonnes of pepper of all kinds with a total export turnover of 100.6 million USD, down 4.3% in volume and 5.5% in turnover compared to the previous month. Average export price of black pepper in December reached 6,476 USD/tonne, white pepper reached 8,198 USD/tonne, down 0.6% for black pepper and 1.1% for white pepper compared to November 2024. The United States remained Vietnam's largest pepper export market in December, accounting for 29.5%, reaching 4,509 tonnes, down 11.4% compared to November. Meanwhile, Olam continued to be the largest exporter, reaching 2,551 tonnes, accounting for 16.7% and up 22.1% compared to the previous month.
In general, in 2024, Vietnam exported 250,600 tonnes of pepper of all kinds, of which black pepper reached 220,269 tonnes and white pepper reached 30,331 tonnes. Total export turnover reached 1.38 billion USD, of which black pepper reached 1.177 billion USD and white pepper reached 200.6 million USD. Compared to 2023, export volume decreased by 5.1%, but the export turnover increased by 45.4%.
Average export price of black pepper in 2024 reached 5,154 USD/tonne, up 49.7% and white pepper reached 6,884 USD/tonne, up 38.9% compared to last year. Olam Vietnam is the largest pepper exporter in 2024, reaching 27,800 tonnes, accounting for 11.1% and compared to 2023, exports increased by 36.9%. Next are the enterprises: Phuc Sinh reached 22,293 tonnes, accounting for 8.9%, up 41.1%; Nedspice Vietnam reached 20,420 tonnes, accounting for 8.1%, up 6.4%; Haprosimex JSC reached 17,899 tonnes, accounting for 7.1%, up 63.8%; Pearl reached 16,210 tonnes, accounting for 6.5%, down 2.0% compared to 2023. In addition, there are also a number of other enterprises with a sudden increase in export volume such as Simexco Dak Lak reaching 13,352 tonnes, up 150.3%; Lien Thanh reaching 12,224 tons, up 32.4%; Intimex Group reaching 5,171 tonnes, up 42.8%; Sinh Loc Phat reaching 4,119 tonnes, up 50.7%; Hanfimex reaching 3,426 tonnes, up 68.2%.
The United States is Vietnam's largest pepper export market in 2024, reaching 72,311 tonnes, accounting for 28.9% and increasing by 33.2% compared to 2023, which is also the highest record export volume ever, up 21% compared to the previous record year of 2021, reaching 59,778 tonnes. Next are the markets: UAE reaching 16,391 tonnes, up 35.1%, accounting for 6.5%; Germany reaching 14,580 tonnes, up 58.2%, accounting for 5.8%, the Netherlands reaching 10,745 tonnes, up 35.2%, accounting for 4.3%; India reaching 10,617 tonnes, down 17.1%, accounting for 4.2%. China's imports ranked 6th with 10,549 tonnes, down 82.4% and accounting for 4.2% of the market share.

Following are domestic pepper prices on January 17, in the main pepper growing and consumption regions:

Province/District	Purchase price (VND/kg)	Vs. January 16
DAC LAC
— Ea H'leo	145,500	+500
GIA LAI
— Chu Se	145,000	-
DAK NONG
— Gia Nghia	146,000	-
BA RIA - VUNG TAU
Average price	146,000	-
BINH PHUOC
Average price	145,000	-
DoNG NAI
Average price	145,000	-

T.Huong
Source: Vitic