Pepper price today, February 11, 2025, in the domestic market remained stable in key localities, trading from 155,500 - 159,000 VND/kg.
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| Pepper price today February 11, 2025: Forecast of price movements in 2025, Vietnamese pepper expects to be exported to the Chinese market. (Source: Shutterstock) |
Pepper price today, February 11, 2025, in the domestic market remained stable in key localities, trading from 155,500 - 159,000 VND/kg.
Specifically, pepper price today in Gia Lai is at 156,000 VND/kg.
Pepper prices today in the provinces of Dong Nai (155,500 VND/kg); Dak Lak (158,000 VND/kg); Dak Nong (159,000 VND/kg); Ba Ria - Vung Tau (157,000 VND/kg) and Binh Phuoc (157,000 VND/kg).
Thus, after a series of strong price increases after Tet, pepper prices today are stable in key growing areas. The highest pepper price is at 159,000 VND/kg.
It is forecasted that pepper exports will be favorable in 2025, and reduced output in some places will help pepper prices continue to remain high.
However, depending on the purchasing pace of important markets such as the US and China, the price range may increase sharply or only about 10-15% compared to present.
Last year, the US market bought heavily. This year, the situation is different as the buying expectation is placed on the Chinese market. In 2024, China reduced pepper imports from Vietnam by 82.4% while increasing imports from Indonesia by 76.8%.
However, according to assessments, this increased amount of imported pepper is still not enough to meet the total consumption demand in China. Pepper inventories in this market are at a low level. These are the reasons why experts believe that China will increase purchases again.
In a recent report, Ptexim forecasts that Vietnam's pepper output in 2025 will decrease by about 5-10% compared to 2024. The main reason is due to the shrinking area, when farmers switch to more profitable crops such as coffee and durian.
From a market perspective, according to Ptexim, on average from 2019 to 2024, China imported 40,736 tons of pepper from Vietnam (including two years of lockdown due to Covid-19 in 2021 and 2022).
In 2024, China will import only 10,549 tons, down 82.4% from 2023 and down 74% from the average import volume over the past six years.
Therefore, Ptexim believes that if the Chinese market increases imports again, pepper prices will increase sharply. In case the Chinese market maintains a slow import level, pepper prices will still increase, but at a slower rate.
In 2025, Brazil's pepper output is forecast to recover, while Indonesia's output may decrease due to investment difficulties and unfavorable weather conditions.
India, a major consumer, is also forecasting a drop in pepper output due to the impact of floods, leading to farmers limiting investment and liquidating inventories as domestic prices fall.
With the above information, pepper prices in 2025 are forecast to continue to stay high. Even when Vietnam begins its harvest season, prices have increased by an average of VND9,000 - 11,000/kg since Tet.
In the most recent trading session, the International Pepper Community (IPC) listed the price of Indonesian Lampung black pepper at 7,276 USD/ton; Brazilian ASTA 570 black pepper at 6,500 USD/ton; and Malaysian Kuching black pepper at 9,000 USD/ton.
Vietnamese black pepper prices also remained stable at 6,500 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l.
At the same time of survey, the price of Malaysian ASTA white pepper was stable at 11,600 USD/ton. Followed by Indonesian Muntok white pepper at 9,770 USD/ton.
Meanwhile, Vietnam's white pepper price remains at its lowest level of 9,550 USD/ton.
Source: https://baoquocte.vn/gia-tieu-hom-nay-1122025-du-bao-dien-bien-gia-nam-2025-tieu-viet-dat-ky-vong-xuat-khau-vao-thi-truong-trung-quoc-303781.html
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