Pepper price today June 23, 2025: Lowest level in the past year
Today's domestic pepper price on June 23 is at 123,000 - 125,000 VND/kg. Last week, domestic pepper prices dropped sharply from 12,000 to 14,000 VND/kg. Marking the lowest level since the end of May 2024.
Domestic pepper prices
Pepper prices in key growing areas today remained unchanged compared to yesterday. Accordingly, the domestic pepper price level is from 123,000 VND/kg to 125,000 VND/kg.
In the Central Highlands region, pepper price today in Dak Lak is unchanged compared to yesterday, currently at 125,000 VND/kg.
Pepper price today in Gia Lai is unchanged compared to yesterday, currently at 123,000 VND/kg.
Pepper price today in Dak Nong is unchanged compared to yesterday, currently at 125,000 VND/kg.
In the Southeast region, pepper prices in Ba Ria - Vung Tau today are at 123,000 VND/kg, unchanged from yesterday. Dong Nai is unchanged from yesterday at 123,000 VND/kg.
In addition, pepper price today in Binh Phuoc is unchanged compared to yesterday, currently at 123,000 VND/kg.
At the end of last week, pepper prices in key domestic regions dropped sharply from 12,000 to 14,000 VND/kg, marking the lowest level since the end of May 2024. In Dak Lak and Dak Nong provinces, prices decreased by 13,000 and 12,000 VND/kg, respectively. Gia Lai province's price decreased by 14,000 VND/kg. The Southeast region including Ba Ria - Vung Tau, Dong Nai and Binh Phuoc all decreased by 14,000 VND/kg compared to last week.
Pepper prices fell sharply last week amid rising geopolitical tensions, especially the conflict between Israel and Iran. This development has raised investors’ concerns about the risk of disruption to the global supply chain and put pressure on the commodity market.
The instability has caused the US dollar to appreciate, while financial speculative capital has shifted to higher-yielding investment channels such as gold and oil. This has made agricultural products such as pepper less attractive, causing prices to fall sharply.
In addition, trade tensions, especially the US imposition of reciprocal tariffs and instability in the Middle East, have also caused container shipping costs to increase sharply. This has put additional pressure on Vietnamese import-export enterprises in the context of volatile global markets.
At a press conference on June 19, Mr. Tran Thanh Hai, Deputy Director of the Import-Export Department, said that many businesses in China and other countries are speeding up exports to the US to take advantage of the time before the new tax takes effect. In this situation, he advised Vietnamese businesses to proactively monitor and adjust their business plans.
Mr. Hai also noted that businesses need to carefully review the terms of transportation and logistics contracts to limit risks, especially in the event of incidents such as late arrival of ships or maritime security issues. Consideration should also be given to using alternative transportation routes, such as intermodal rail to Europe, to diversify transportation options.
Pepper price today June 23 in the world market
In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Association (IPC) updated the prices of all types of pepper traded in the international market on June 22 (local time) as follows:
Indonesia’s Lampung black pepper price remained unchanged from yesterday at USD 7,461 per ton. Meanwhile, Muntok white pepper price also remained unchanged from yesterday at USD 10,079 per ton.
Brazil ASTA black pepper prices remained unchanged from yesterday at $6,050/mt.
Malaysia’s ASTA black pepper price remained unchanged from yesterday at $9,000 per tonne. Meanwhile, the country’s ASTA white pepper price remained unchanged from yesterday at $11,750 per tonne.
Prices of all types of Vietnamese pepper remained unchanged compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 6,000 USD/ton; 550 gr/l reached 6,100 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at USD 9,000/ton.
In the international market, the export price of pepper from major producing countries also decreased significantly last week. The price of Indonesian black pepper decreased by 39 USD/ton. Brazilian pepper ASTA 570 decreased by 125 USD/ton, and Malaysian black pepper ASTA decreased by 100 USD/ton.
Vietnam recorded the sharpest decline with the export price of black pepper falling by 300 USD/ton. The price of white pepper is also not out of the downward trend. Indonesian Muntok white pepper fell by 53 USD/ton. Malaysia's fell by 100 USD/ton. Vietnam's white pepper alone fell to 9,000 USD/ton, down 300 USD/ton and is currently the lowest price on the global market.
