The domestic pepper market today fluctuated slightly, prices increased by 500 VND/kg in Gia Lai and Dak Nong provinces. This year, China sharply reduced purchases, but Vietnamese pepper still increased exports to other markets, and maintained a relative export level in the context of continuous supply threats.
Pepper prices today in the country (April 24)
According to the survey, pepper prices today fluctuated up in some key growing areas compared to yesterday’s price, around 96,500 – 98,000 VND/kg.
Specifically: In Dak Nong and Dak Lak provinces, pepper prices remained at 97,000-98,000 VND/kg.
In Gia Lai and Dong Nai, pepper prices are 97,500 VND/kg and 96,500 VND/kg.
In Binh Phuoc and Ba Ria – Vung Tau, pepper prices today are both at 98,000 VND/kg.
Thus, today’s pepper price increased slightly in Gia Lai and Dak Nong after several consecutive days of strong increases in the domestic market, currently having the lowest price of 96,500 VND/kg.
Source of price information: Policy Institute
The domestic pepper market today fluctuated slightly, prices increased by 500 VND/kg in Gia Lai and Dak Nong provinces.
Online pepper prices today (April 24)
On the world market, Lampung black pepper prices and white pepper prices fluctuate slightly.
Lampung black pepper price in Indonesia was at 4,572 USD/ton, down slightly.
Brazilian black pepper price ASTA 570 is at 4,450 USD/ton, a slight increase.
Kuching black pepper price in Malaysia ASTA stable at 4,900 USD/ton.
Muntok white pepper price continues to hover around 6,038 USD/ton, down slightly.
Malaysian ASTA white pepper price is at 7,300 USD/ton, unchanged.
Source of price information: Policy Institute
On the world market, Brazil’s offered black pepper price increased by 37.6% in the first quarter of the year, while Indonesia and Vietnam increased by 13% and nearly 8%, respectively.
Similarly, the price of black pepper in Vietnam’s domestic market in the first quarter also increased by 16 – 18.6% to 92,500 – 96,000 VND/kg, the highest level in the past 7 years. Then the price was adjusted down to 89,000 – 92,000 VND/kg in the first half of April, but still about 40% higher than the same period last year.
The Vietnam Pepper and Spice Association (VPSA) forecasts that this year’s output is expected to decrease by 10% to about 170,000 tons compared to last year, the lowest level in the last 5 years.
Meanwhile, severe drought, especially in key pepper production areas in the Central Highlands region, may affect the upcoming crop.
According to the latest report from Nedspice Group, the pepper harvest in Vietnam is about to end with total output expected to decrease by 15% compared to last year.
While the global El Niño phenomenon is expected to pass soon, Vietnam’s Central Highlands region has been suffering from drought in recent months. This is likely to affect the 2025 crop output.
In addition, Nedspice also lowered Brazil’s pepper production forecast for 2024 to 85,000 – 90,000 tons compared to last year’s figure of 110,000 tons. Mainly due to harsh weather, drought caused by El Niño in pepper growing areas in the states of Espírito Santo and Bahia negatively impacts the harvest that will take place from April to June.
According to forecasts of Mane Kancor Spice Company, pepper output in Vietnam this year is expected to be about 157,000 tons this year. Of these, 80% of the harvest has ended and the rest is expected to be completed by mid-April. The area for new pepper planting is very small while current plantations are old and need additional care.
Pepper output in Vietnam may not increase rapidly because farmers choose other alternative crops. The supply-demand gap is expected to widen in the coming years. Farmers are lacking interest in pepper farms because of years of low prices, which has affected crop yields.
In Indonesia, the country’s output is expected to be 33,000 tons, an increase of about 10% compared to last year’s crop, but overall still lower than that of the 2013-2022 period.
However, pepper production in India and Sri Lanka is forecast to be relatively good in 2024.
