Pepper price forecast for December 24th: Prices remain high.
The forecast for pepper prices on December 24th remains high at 149,500 VND/kg, reflecting a balance between supply and demand in the market.
Domestic pepper prices
The pepper market on December 23rd continued to see a slight increase due to year-end demand.
In the domestic market, pepper prices increased by 500 VND/kg in most key growing regions. The highest price was recorded in Dak Nong at 149,500 VND/kg. Demand for the upcoming Lunar New Year is believed to be the main factor supporting this increase.
| Local | Price (VND/kg) | Changes compared to yesterday |
|---|---|---|
| Dak Lak | 149,000 | +500 |
| Boeing Nong | 149,500 | +500 |
| Gia Lai (Chu Se) | 147,500 | +500 |
| Ba Ria - Vung Tau | 148,000 | +500 |
| Binh Phuoc | 148,500 | +500 |
World pepper prices
On the international market, the International Pepper Association (IPC) reported that Indonesian pepper prices fell sharply in the most recent trading session. Specifically:
- Lampung (Indonesia) black pepper prices fall.2.23%down to6,809 USD/ton.
- Prices of Muntok white pepper (Indonesia) have dropped significantly.4.59%, still9,176 USD/ton.
The decline is attributed to weak demand from major importing markets. Meanwhile, pepper prices in other countries have remained relatively stable.
- Brazil:The price of ASTA 570 black pepper is $6,075 per ton.
- Malaysia:The price of ASTA black pepper reached $9,000 per ton and ASTA white pepper was at $12,000 per ton.
- Vietnam:Export prices remained stable, with black pepper grades 500 g/l and 550 g/l at $6,500/ton and $6,700/ton respectively; white pepper was around $9,250/ton.
Pepper price forecast for December 24, 2025
In today's trading session, pepper prices are likely to remain stable compared to the previous day, generally fluctuating between 147,500 and 149,500 VND/kg. The 149,500 VND/kg mark continues to be recorded in key growing regions such as Dak Lak and the Central Highlands.
The sideways movement of pepper prices reflects the supply-demand balance in the market. Trading activity is cautious as domestic supply remains stable, while purchasing power from export businesses has not increased significantly due to the end-of-year period.
On the international market, stable global pepper prices also contribute to maintaining the momentum of the domestic market. In the short term, pepper prices are forecast to continue fluctuating within a narrow range around the current high level, awaiting further signals from exports and market developments in early 2026.
Experts believe that the hoarding mentality of Vietnamese farmers waiting for better prices, along with increased consumer demand in the domestic market and China, will continue to support domestic pepper prices in the coming period.