Today’s Pepper Prices: Up 60% from Last Year, Reaching a Peak of 85,500 VND/kg

The latest pepper prices remain unchanged from yesterday, but a year-on-year comparison reveals a significant surge of over 60%. This update provides a timely insight into the current market trends and dynamics within the pepper industry.

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Last week, after five consecutive days of increases following the Lunar New Year holiday, the price of peppercorns remained unchanged on the last day of the week. Overall, pepper prices in the domestic market increased by VND 2,500–3,500/kg compared to the previous week. The Southeast region witnessed the most significant increase and currently has the highest prices in the country.

1Pepper Prices in Vietnam on February 14, 2022

Province/District (Survey Area) Purchase Price (VND/kg) Change from Yesterday (VND/kg) Change from February 12 (VND/kg)
Dak Lak 84,000 0 +1,500
Gia Lai 82,500 0 +1,000
Dak Nong 84,000 0 +1,500
Ba Ria – Vung Tau 85,500 0 +1,000
Binh Phuoc 85,000 0 +1,000
Dong Nai 83,000 0 +1,000

Last week, the World Pepper Association increased the export price of Vietnamese black and white pepper by $50/ton. The organization also reported that in the first week after the Lunar New Year, prices increased in most countries, except for white pepper from Indonesia, which decreased.

Pepper Prices in Vietnam on February 14, 2022

2Global Pepper Prices

According to Cambodia’s Ministry of Agriculture, Forestry, and Fisheries, the country exported 28,074 tons of pepper in 2021, a surge of 452% compared to 2020. Vietnam was Cambodia’s largest pepper export market last year, importing approximately 27,111 tons, accounting for 96.5% of the total exports.

Other significant markets included Germany with 607 tons, Thailand with 180 tons, France with 45 tons, and India with 42 tons.

Global Pepper Prices

The above pepper prices as of February 14 are what we would like to share with you.

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