Pepper price today April 24, 2025: Stable development

Pepper price today April 24, 2025 in domestic market

Pepper prices today in some key growing areas are stable compared to yesterday. Accordingly, the domestic pepper price level is from 154,000 VND/kg to 155,000 VND/kg.

In the Central Highlands region, pepper price today in Dak Lak is unchanged compared to yesterday, currently at 155,000 VND/kg.

Pepper price today in Gia Lai is unchanged compared to yesterday, currently at 154,000 VND/kg.

Pepper price today in Dak Nong is unchanged compared to yesterday, currently at 155,000 VND/kg.

In the Southeast region, pepper prices in Ba Ria - Vung Tau today are at 154,000 VND/kg, unchanged from yesterday. Dong Nai is unchanged from yesterday at 154,000 VND/kg.

In addition, pepper price today in Binh Phuoc is unchanged compared to yesterday, currently at 154,000 VND/kg.

According to data from the Vietnam Pepper and Spices Association (VPSA), in the first quarter of this year, Vietnam's pepper exports to China reached 2,034 tons, a sharp increase of 87.8% over the same period last year.

However, compared to 2023, this figure is still 92.2% lower. China has risen to the fourth position among Vietnam's largest pepper export markets, with its market share increasing from 1.9% to 4.3%.

The sharp increase in pepper exports to China shows that the country is running out of pepper reserves. However, exports are still limited due to China's tightening control of goods across the border. If traveling by sea, the high cost makes many Chinese importers not ready to implement orders.

Domestically, pepper production is being heavily affected by the weather. Prolonged drought in the first months of 2025 has negatively impacted major pepper growing areas in the Central Highlands and the Southeast.

While some recent rains have helped improve the situation, they are not enough to fully restore pepper gardens. Late rains can also disrupt the development of flower buds, leading to the risk of reducing yields for the following season.

While output shows signs of decreasing, domestic pepper prices remain high, providing peace of mind to growers. Vietnam is currently entering the peak harvest period, expected to last until the end of April.

Unlike previous years, when prices often fell due to a sharp increase in supply, this year pepper prices remained around 150,000 VND/kg. The main reason is that farmers have the mentality of holding on to their goods and are not under pressure to sell early like before.

In early April, pepper prices had a dip, but then quickly recovered and increased sharply. By mid-April, domestic pepper prices had approached the 160,000 VND/kg mark.

Although the high price is a positive signal for pepper growers, it creates many difficulties for export enterprises. VPSA forecasts that in the second quarter, export activities may face many challenges because high prices reduce purchasing power and affect the financial capacity of import partners.

Pepper price today April 24 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 April 23 (local time) as follows:

Indonesia's Lampung black pepper price increased sharply compared to yesterday to 7,056 USD/ton (up 0.68%). In addition, Muntok white pepper price decreased slightly compared to yesterday to 9,614 USD/ton (down 0.28%).

Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 6,900/mt.

Malaysia’s ASTA black pepper price remained unchanged from yesterday at $9,600/ton. Meanwhile, the country’s ASTA white pepper price also remained unchanged from yesterday at $12,100/ton.

Prices of all types of Vietnamese pepper remained unchanged compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 6,800 USD/ton; 550 gr/l reached 6,900 USD/ton.

Similarly, Vietnam's white pepper price remained unchanged from yesterday at USD 9,800/ton.