On the morning of September 19th, pepper prices in Gia Lai and Dong Nai remain at 147,000 VND/kg, which is the lowest level among key provinces. In Ho Chi Minh City, traders are buying pepper at 149,000 VND/kg, while in Lam Dong, the price is 151,000 VND/kg. Pepper prices in Dak Lak reach 150,000 VND/kg, remaining in the top price group.
The domestic pepper price is currently between 147,000 and 151,000 VND/kg, reflecting the market’s stability after many ups and downs. Experts predict that in the short term, prices will continue to fluctuate within the range of 148,000–155,000 VND/kg before experiencing larger fluctuations toward the end of the year.
In the international market, according to updates from the International Pepper Community (IPC), pepper prices in Indonesia have recorded a downward adjustment. Specifically, Lampung black pepper decreased by 0.41% to 7,061 USD/ton, and Muntok white pepper also decreased by 0.41% to 10,006 USD/ton.
Pepper prices have decreased following global trends.
Meanwhile, prices in the Brazilian market have been maintained, with ASTA 570 black pepper at 6,600 USD/ton. In Malaysia, pepper prices are stable, with ASTA black pepper at 9,700 USD/ton and ASTA white pepper at 12,900 USD/ton.
Weather factors and import demand for the year-end holidays heavily impact the global pepper market, according to analysts. If supply in Brazil and Indonesia faces difficulties or demand increases sharply, pepper prices in Vietnam could easily exceed 160,000 VND/kg. However, in the opposite scenario, pressure from transportation costs and farmers’ sell-offs could cause prices to decline slightly, but a deep drop is considered unlikely.
According to the assessment of the Import-Export Department (Ministry of Industry and Trade), domestic pepper prices could remain high if supply is limited and will be supported by increased imports from other countries for the year-end holiday season.
However, to maintain export growth, businesses need to focus on improving quality and meeting the increasingly strict quarantine and traceability requirements of high-end markets. Vietnamese pepper is enjoying a double advantage. Domestic pepper prices are rising, exports are maintaining their pace, and international demand remains stable. This is a positive sign after many years of strong fluctuations in the pepper market.