Agricultural product prices on February 9, 2025: Pepper continues to increase sharply, coffee slightly decreases

DNVN - The agricultural market on February 9, 2025 recorded a slight decrease in coffee prices compared to yesterday, fluctuating between 128,500 - 129,500 VND/kg. Meanwhile, pepper continued to increase strongly, with an increase of 1,000 - 2,000 VND/kg compared to the previous trading session.

Agricultural product prices on February 7, 2025: Coffee and pepper skyrocket

Coffee prices fell slightly

At the London exchange, at 5:00 a.m. on February 9, 2025, Robusta coffee prices remained stable, unchanged from the previous day. Specifically, the contract price for delivery in March 2025 reached 5,561 USD/ton, while the contract for delivery in May 2025 recorded 5,564 USD/ton. Further terms such as July 2025 and September 2025 were priced at 5,517 USD/ton and 5,445 USD/ton, respectively.

At the same time, on the New York Stock Exchange, Arabica coffee prices also did not fluctuate significantly. The recorded price for the March 2025 contract was 404.35 cents/lb, while the May 2025 contract was at 396.70 cents/lb. The prices for July 2025 and September 2025 were 386.80 cents/lb and 376.70 cents/lb, respectively.

In the Brazilian market, Arabica coffee prices ended the trading session at the following levels: the March 2025 contract reached 505.25 USD/ton, the May 2025 contract at 500.00 USD/ton. Meanwhile, prices for the July 2025 and September 2025 terms were 487.15 USD/ton and 469.50 USD/ton, respectively.

Domestic coffee prices slightly decreased

In the Central Highlands region, coffee prices today decreased slightly compared to yesterday, fluctuating between 128,500 - 129,500 VND/kg.

Currently, the highest purchase price is recorded in Dak Nong province, reaching 129,500 VND/kg, a slight decrease of 1,000 VND/kg compared to yesterday.

In Dak Lak, coffee prices also decreased to 129,500 VND/kg, 1,000 VND/kg lower than the previous trading session.

Gia Lai province recorded a similar decrease, with coffee prices currently trading at VND129,500/kg.

In Lam Dong, coffee prices dropped to 128,500 VND/kg, 1,000 VND/kg lower than yesterday.

The recent surge in coffee prices could lead to a further adjustment in retail prices in the coming period, according to Andrea Illy, president of roaster Illycaffè SpA.

Asked about the possibility of a 20-25% increase in retail prices in the coming months, Illy told Bloomberg TV that “it is possible.” He also said that these high prices are affecting major markets and affecting consumption growth in emerging economies.

Illy also warned that the spike in coffee prices could lead consumers to cut back on consumption. He attributed the volatility to a lack of information about future supplies and short-term speculation.

Pepper prices continue to increase sharply

At 5:00 a.m. on February 9, 2025, the domestic pepper market recorded excitement as prices continued to increase sharply, the increase ranged from 1,000 - 2,000 VND/kg depending on the region. Currently, the domestic pepper purchase price is approaching 160,000 VND/kg, with an average of about 157,400 VND/kg.

Specifically, in Gia Lai, pepper prices continued to increase by 2,000 VND/kg compared to yesterday, reaching 156,000 VND/kg.

In Ba Ria - Vung Tau, pepper prices also increased by VND2,000/kg, raising the purchase price to VND157,000/kg. Similarly, in Dak Lak, pepper prices increased by VND2,000/kg, reaching VND158,000/kg.

Pepper prices in some other localities

Pepper price in Binh Phuoc recorded a slight increase of 1,000 VND/kg, currently purchased at 157,000 VND/kg.

In Dak Nong alone, the increase of 2,000 VND/kg helped the purchasing price here reach 159,000 VND/kg, the highest in the country.

World pepper market developments

According to the update from the International Pepper Community (IPC) at 4:30 a.m. on February 9, 2025, the global pepper market remains high. After the previous downward adjustment, pepper prices in Indonesia have stabilized again. Pepper prices in other countries are also high and have not fluctuated significantly.

Specifically, the price of Lampung black pepper (Indonesia) is currently at 7,276 USD/ton, while the price of Muntok white pepper is at 9,770 USD/ton.

In Malaysia, pepper prices continued to remain high, with ASTA black pepper being purchased at $9,000/ton, while ASTA white pepper was priced at $11,600/ton.

Pepper prices in Brazil remain quite high, currently fluctuating at 6,500 USD/ton.

The export market for Vietnamese pepper continues to have a positive trend. Specifically, the export price of Vietnamese black pepper 500 g/l is currently at 6,500 USD/ton, 550 g/l is at 6,650 USD/ton, while white pepper is priced at 9,550 USD/ton.

Pepper harvest situation in the Central Highlands

Currently, farmers in the Central Highlands provinces have begun the pepper harvest with optimism as prices show many positive signs, higher than the same period last year. Although unfavorable weather has reduced output and pepper has not ripened evenly, high prices have helped farmers hope for a successful crop.

According to a report from Ptexim, Vietnam's total pepper export volume in 2024 will reach 250,600 tons, indicating abundant supply. However, domestic pepper output has been continuously decreasing in the past 3-4 years due to the shrinking cultivation area. The reason is that many farmers have switched to more profitable crops such as coffee and durian.

Experts say that global pepper supply may not be able to meet rising demand, leading to the possibility of pepper prices continuing to increase sharply in 2025. This is considered a great opportunity for the Vietnamese pepper industry in the coming time.

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