Pepper price today March 4, 2025 in the domestic market is stable in key localities, trading from 156,000 - 159,000 VND/kg.
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| Pepper price today March 4, 2025: Pressure from new crop, downward trend still dominates, placing expectations on the Chinese market. (Source: Incredibleman) |
Pepper price today March 4, 2025 in the domestic market is stable in key localities, trading from 156,000 - 159,000 VND/kg.
Specifically, pepper price today in Gia Lai is at 157,000 VND/kg.
Pepper prices today in the provinces of Dong Nai (156,000 VND/kg); Dak Lak (159,000 VND/kg); Dak Nong (159,000 VND/kg); Ba Ria - Vung Tau (157,000 VND/kg) and Binh Phuoc (158,000 VND/kg).
Thus, pepper prices today remained stable in key growing areas. The highest pepper price was at 159,000 VND/kg.
Commenting on the market this week, experts said the downward trend still prevails as supplies from the new harvest in Vietnam begin to hit the market.
Domestically, local pepper prices are hitting a record high in nearly 10 years, making farmers excited at the beginning of the harvest season.
In Dak Nong, after the Tet holiday, farmers are entering the pepper harvest season. Compared to last year, this year's pepper price has many positive signs, people are excited and expect a bumper crop.
Dak Nong is currently the leading province in the region and the country in terms of pepper growing area. According to the plan, in addition to maintaining pepper area and output, Dak Nong province will form and develop high-tech pepper production areas in the province's key pepper production areas.
In recent years, pepper cultivation in Dak Nong province has had many positive changes, gradually shifting towards organic and ecologically diverse gardens. In particular, Dak Nong pepper now has geographical indications, people and businesses pay attention to increasing the value of pepper. In the long term, Dak Nong people need to promote the application of standard farming methods, limit pesticides, ensure food safety...
Since the beginning of the year, domestic pepper prices have increased by 10,000 - 12,000 VND/kg, and in February alone, the price of this item increased by 10,000 - 11,000 VND/kg. At the same time, with prices fluctuating between 157,000 - 159,000 VND/kg, domestic pepper prices are 65 - 70% higher (62,000 - 64,000 VND/kg) than the same period last year.
Experts say pepper prices may increase in the short term, especially if China, one of the largest customers of Vietnamese pepper, increases imports again. However, pepper prices may stagnate as supplies from the new harvest are gradually replenished.
In the world market, at the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Indonesian Lampung black pepper at 7,235 USD/ton. The price of ASTA 570 black pepper in Brazil stood at the lowest level of 6,850 USD/ton, while the price of Malaysian Kuching black pepper was the highest at 9,500 USD/ton.
Vietnam's black pepper prices remained at $6,900/ton for 500 g/l and $7,100/ton for 550 g/l.
At the same time of survey, the price of Indonesian Muntok white pepper was traded at 9,959 USD/ton, Vietnamese white pepper was at a higher level of 9,900 USD/ton and Malaysian ASTA white pepper reached 12,000 USD/ton.
Source: https://baoquocte.vn/gia-tieu-hom-nay-432025-ap-luc-hang-vu-moi-da-giam-van-chiem-uu-the-dat-ky-vong-vao-thi-truong-trung-quoc-306229.html
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