Pepper price today June 24, 2025: Forecast to continue to decrease this week
Today's domestic pepper price, June 24, is at 123,000 - 125,000 VND/kg. Domestic pepper price has not changed compared to yesterday. In the short term, pepper price this week may continue to decrease slightly or move sideways around 100 - 300 VND/kg.
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.
In the short term, the pepper market is forecast to continue trading in a narrow range with a slight downward trend or sideways, fluctuating around 100 - 300 VND/kg. Many businesses are focusing on monitoring the technical support price zone around 123,000 VND/kg to assess the opportunity to buy again if a positive signal appears.
Market information shows that new orders from the US in June remain very low, while Europe is not in a hurry to sign new contracts but is mainly focusing on clearing inventory. The 90-day suspension of the US's reciprocal tariffs is gradually coming to an end, leading businesses to expect that Washington will introduce a reasonable tax rate to create new momentum for Vietnam's pepper exports.
Although China continues to import Vietnamese pepper, the consumption level is not enough to offset the decline from traditional markets such as the US and EU. In that context, many Vietnamese enterprises are forced to flexibly restructure the market and adjust their distribution strategies.
The Vietnam Industry and Trade Information Center (VITIC) under the Ministry of Industry and Trade forecasts that pepper prices may recover by the end of the third quarter of 2025. However, in the short term, the downward trend will still be the main scenario.
Pepper price today June 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 June 23 (local time) as follows:
Indonesia’s Lampung black pepper price remained unchanged from yesterday at $7,452 per tonne. Meanwhile, Muntok white pepper price also remained unchanged from yesterday at $10,066 per tonne.
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.
The sharp decline in prices last week mainly reflected the unstable sentiment and the lack of market support. Although there are no clear signs of recovery in the short term, experts still expect the medium-term outlook to be more positive if the global supply-demand balance continues to narrow.
The International Pepper Community (IPC) also commented that the global pepper market is on a downward trend. The rise of the US dollar, combined with escalating geopolitical tensions in the Middle East, has made international investors more cautious about this commodity. In addition, high logistics costs continue to put short-term pressure on pepper prices.
In a notable development, late last week, Brazilian pepper exporters unanimously decided to suspend new offers through the Brazilian Spice Association (BSA), temporarily holding all inventories. This is a strategic move to limit supply to the market and slow the decline in global black pepper prices.
In the medium to long term, supplies from Brazil and Indonesia will continue to have a major influence on market trends. Indonesia is expected to start harvesting in July and August. Meanwhile, Brazil will enter a new harvest phase in key producing states such as Espirito Santo and Para in the second half of the year.
