DAILY: Vietnamese pepper prices decreased on February 14, 2025
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AsemconnectVietnam - According to Kinhtedothi, pepper prices in Vietnam's Central Highlands fell by 2,000-2,500 VND /kg on Friday to 158,500 - 160,000 VND per kg compared to yesterday.
This marks the second consecutive day of price drops, bringing domestic pepper prices below 160,000 VND/kg. The Đắk Lắk - Đắk Nông region still records the highest prices.
Domestic Pepper Prices Today
Đắk Lắk - Đắk Nông: 160,000 VND/kg (-2,000 VND).
Gia Lai: 159,000 VND/kg (-2,500 VND).
Bà Rịa - Vũng Tàu: 159,000 VND/kg (-2,000 VND).
Bình Phước: 159,000 VND/kg (-2,000 VND).
Đồng Nai: 158,500 VND/kg.
This is the second consecutive decline, pushing domestic pepper prices below the 160,000 VND/kg threshold.
Reasons for the Price Decline
According to Lê Anh Sơn, Director of Bình Minh Agricultural Cooperative (Đắk Nông), pepper prices in this region are higher than in other provinces due to advanced cultivation techniques, proper harvesting and storage methods, and improved product quality.
In the past, farmers often entrusted their harvested pepper to dealers, leading to price suppression. However, they now store their pepper at home and sell when prices are favorable, helping maintain better pricing stability.
Currently, Đắk Nông has 33,985 hectares of pepper plantations, with an output of 70,685 tons, making it the largest pepper-growing province in the Central Highlands and the second-largest producer in Vietnam, after Đắk Lắk.
Global Pepper Prices
In the latest trading session, global pepper prices showed a slight increase:
Black pepper Lampung (Indonesia): $7,258/ton (+0.1%).
Black pepper Brazil ASTA 570: $6,800/ton (+1.47%).
Black pepper Kuching (Malaysia) ASTA: $9,000/ton.
White pepper Muntok: $10,019/ton (+0.09%).
White pepper Malaysia ASTA: $11,600/ton.
Vietnamese black pepper:
500 g/l: $6,500/ton.
550 g/l: $6,650/ton.
Vietnamese white pepper: $9,550/ton.
While global pepper prices show signs of rising, the domestic market continues to decline.
Vietnam’s pepper industry is set for an eventful year in 2025 as global production continues to decline while demand from key markets fluctuates, creating both challenges and opportunities for exporters.
According to Hoang Thi Lien, Chairwoman of the Vietnam Pepper and Spice Association, global pepper output is expected to fall for the fourth consecutive year in 2025. The decline reflects a shift away from pepper cultivation, as farmers opt for more profitable crops such as durian, coffee, and oil palm. Additionally, climate change and extreme weather conditions have negatively impacted yields, increasing production costs.
China, a major importer of Vietnamese pepper, has significantly reduced its purchases, instead increasing imports from Indonesia by 76.8%. As a result, Vietnam’s pepper exports to China dropped by 82% in 2024. However, despite this shift, Lien noted that China still has substantial demand for pepper, suggesting that it will continue to rely on Vietnamese supply during the 2025 harvest season.
According to Lien, demand from the US and European food and spice processing industries remains a key driver of Vietnam’s pepper exports. With global supply tightening, these markets present significant opportunities for Vietnamese producers.
T.Huong
Source: Vitic
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