DAILY: Domestic pepper prices increased by VND1,000/kg on May 16, 2025
Friday, May 16,2025
AsemconnectVietnam - According to Kinhtedothi, domestic pepper prices ranged from VND151,000 to 152,000 per kilogram on May 16, 2025.
The market showed mixed movements: Đắk Lắk and Đắk Nông saw an increase of VND1,000/kg, while Southeastern provinces dropped to a uniform rate of VND151,000/kg. The International Pepper Community(IPC) also reported higher prices for Indonesian pepper.
• In Đắk Lắk, pepper was purchased at VND152,000/kg, up VND1,000/kg.
• In Đắk Nông, the price also rose to VND152,000/kg, up VND1,000/kg.
• In Gia Lai, pepper remained at VND151,000/kg.
• In Đồng Nai, it was VND151,000/kg.
• In Bà Rịa - Vũng Tàu, the price fell to VND151,000/kg, down VND1,000/kg.
• In Bình Phước, pepper was bought at VND151,000/kg, down VND500/kg.
This morning's domestic prices showed mixed movements compared to the same time yesterday. While Đắk Lắk and Đắk Nông increased by VND1,000/kg, the Southeastern provinces settled uniformly at VND151,000/kg.
International Market (According to IPC):
• Black pepper:
o Indonesia (Lampung): USD7,252/ton, up 0.19%
o Brazil ASTA 570: USD6,800/ton
o Malaysia (Kuching ASTA): USD9,200/ton
o Vietnam:
500 g/l: USD6,700/ton
550 g/l: USD6,800/ton
• White pepper:
o Muntok (Indonesia): USD9,983/ton, up 0.2%
o Malaysia ASTA: USD11,900/ton
o Vietnam: USD9,700/ton
Market Outlook:
According to Mr. Hoàng Phước Bính, former Standing Vice Chairman of the Chư Sê Pepper Association, China continues to import Vietnamese pepper, but not in large volumes yet.
Currently, pepper prices in China are VND20,000 – 30,000/kg higher than in Vietnam, which suggests that China's import demand will likely rise in the near future. Growing demand from various markets is expected to push up both domestic and export pepper prices.
Meanwhile, the Import-Export Department (Ministry of Industry and Trade) predicts that based on current supply-demand dynamics, pepper prices may increase slightly from mid-May to early June 2025, as exporters complete Q2 delivery contracts.
Some European and Middle Eastern markets are ramping up imports to meet demand for holidays and tourism seasons. Additionally, global prices may recover slightly if adverse weather affects Brazil’s supply.
Although the expected price increase during this period is modest, global supply shortages remain the key factor supporting a medium- and long-term price uptrend.
T.Huong
Source: Vitic
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