Pepper prices fell sharply

Coffee prices today, March 26, 2025, recorded mixed developments between the domestic and international markets. In the Central Highlands, coffee prices decreased slightly from 100 to 200 VND per kg, bringing the transaction price down to 132,800 to 133,800 VND/kg.

Dak Nong is the locality with the highest price, reaching 133,800 VND/kg, while Lam Dong has the lowest, at 132,900 VND/kg.

The reason for this slight decrease is the harsh weather conditions in the Central Highlands. The dry season has just begun but many ponds have dried up, causing hundreds of hectares of coffee to lack irrigation water. Crops have begun to turn yellow and the soil has cracked.

Farmers are counting on early rains to save their crops and improve yields. The region is forecast to continue experiencing intense heat and low rainfall from March 21 to 31, which will impact yields in the coming crop.

In contrast to domestic prices, coffee prices in the world market recorded a sharp increase.

Robusta coffee on the London floor increased by 90 USD/ton for the May 2025 delivery period, reaching 5,591 USD/ton.

Other terms such as July, September and November also increased from 87 to 91 USD/ton, showing that demand in the global market is recovering well.

Arabica coffee prices on the New York floor were not far behind, with increases of 5.15 to 6.15 cents/pound for terms from May to December 2025.

May arabica prices are currently at 398.55 cents per pound, the highest in two weeks. The recovery is largely due to concerns that adverse weather in Brazil, the world's largest arabica producer, could affect production.

Meanwhile, pepper prices in the domestic market today recorded a sharp downward trend. The common decrease was 3,000 VND/kg, bringing pepper prices in most key areas to 156,000 - 157,000 VND/kg.

In Dak Nong alone, the decrease was deeper, up to 3,500 VND/kg, causing the pepper purchase price here to fall to 157,000 VND/kg. This price decrease occurred in the context of the harvest season at its peak, with supply increasing slightly.

However, in the world market, pepper prices remain quite stable. According to the International Pepper Community (IPC), the price of Indonesian Lampung black pepper is at 7,241 USD/ton, while Muntok white pepper is at 10,069 USD/ton.

The prices of Vietnamese black pepper 500 g/l and 550 g/l are 7,100 and 7,300 USD/ton respectively. Vietnamese white pepper remains at 10,100 USD/ton. These figures reflect the stability of export prices despite fluctuations in domestic prices.

Currently, domestic pepper prices have increased by more than 65% compared to the same period last year, mainly due to a sharp decrease in supply. Although the harvest is in full swing in Dak Lak and Dak Nong, many farmers are still holding onto their products, waiting for higher prices, causing the amount of pepper released to the market to be very small.

The hoarding mentality causes the market to lack short-term supply, creating certain pressure on purchasing and processing businesses.

Source: https://baoquangnam.vn/gia-nong-san-hom-nay-26-3-gia-ho-tieu-giam-manh-3151435.html