
Pepper Prices Today (Nov 19, 2024): Market Trends and Future Outlook
Pepper prices in Vietnam and the global market continue to attract attention from importers and producers alike. Today, November 19, 2024, domestic pepper prices in Vietnam remain stable, ranging from 139,000 to 140,000 VND/kg. This stability is a promising indicator for growers and traders, with a slight upward trend forecasted for this week.
Domestic Pepper Prices in Vietnam
In Vietnam, key provinces are showing consistent price levels:
- Đắk Lắk: 139,500 VND/kg
- Chư Sê (Gia Lai): 139,000 VND/kg
- Đắk Nông: 140,000 VND/kg
- Bình Phước and Bà Rịa – Vũng Tàu: 139,000 VND/kg
Among these, Đắk Nông stands out with stable high prices in the Central Highlands, where pepper production is a significant contributor to the economy. The province aims to maintain 34,000 hectares of pepper by 2025, with an annual output of 73,000 tons. By 2030, this area will slightly reduce to 33,600 hectares, while ensuring productivity remains robust.
Đắk Nông also leads the region in certified sustainable farming, with 322.8 hectares of VietGAP, 601.7 hectares of organic certification, and over 2,200 hectares meeting other international standards. Efforts are underway to enhance pepper quality and integrate production with value-added processes like storage and export.
Global Pepper Prices Today
Globally, pepper prices show mixed trends, as reported by the International Pepper Community (IPC):
- Indonesia: Black pepper (Lampung) is $6,470/ton, and white pepper (Muntok) is $9,055/ton.
- Brazil: Black pepper (ASTA 570) at $6,000/ton.
- Malaysia: Black pepper (ASTA) at $8,400/ton; white pepper (ASTA) at $10,500/ton.
- Vietnam: Black pepper at $6,200/ton (500 g/l), $6,500/ton (550 g/l); white pepper at $9,400/ton.

Factors Influencing Pepper Prices
Pepper prices are currently influenced by several factors:
- Domestic Trends: In Vietnam, the upcoming harvest season, with an expected output of 170,000 tons, will play a critical role in shaping both local and global markets. This production accounts for 35-40% of the global supply.
- Weather Conditions: While Vietnam faces challenges with unpredictable weather affecting yields, other countries like Indonesia are enjoying favorable conditions, ensuring stable output.
- Global Supply Dynamics: Following Indonesia’s harvest, the global pepper supply will remain limited until Vietnam’s next harvest in early 2025. This gap is expected to provide temporary support for pepper prices.
- Market Demand: China’s growing demand for pepper in 2025 is projected to boost Vietnam’s exports. Additionally, reduced global inventories and stable domestic production could strengthen prices further.
- Currency Fluctuations: The strength of the USD and shifting investments towards commodities like coffee have created temporary pressure on pepper markets. However, the reduced supply could balance these effects, keeping prices steady or slightly rising.
Outlook for the Pepper Market
While short-term prices may remain stable with slight increases, the mid-to-long-term outlook depends significantly on production levels in Vietnam and global market demand. The Industrial and Trade Information Center (VITIC) predicts that reduced yields in the upcoming harvest could push domestic prices beyond 160,000 VND/kg in the next season.
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