Pepper price today February 12, 2025 in the domestic market increased in key localities, trading from 156,500 - 160,000 VND/kg.
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| Pepper price today February 12, 2025: Price increases every day, highest in many years, people are excited about the harvest. (Source: The Kitchen) |
Pepper price today February 12, 2025 in the domestic market increased in key localities, trading from 156,500 - 160,000 VND/kg.
Specifically, pepper price today in Gia Lai is at 157,500 VND/kg.
Pepper prices today in the provinces of Dong Nai (156,500 VND/kg); Dak Lak (160,000 VND/kg); Dak Nong (160,000 VND/kg); Ba Ria - Vung Tau (158,000 VND/kg) and Binh Phuoc (158,000 VND/kg).
Thus, pepper prices today increased in key growing areas, increasing by 1,000 - 2,000 VND/kg. The highest pepper price reached 160,000 VND/kg.
In the Central Highlands provinces, when the coffee crop just ended right after the Tet holiday, people immediately started harvesting pepper.
Mr. Luu Nhu Binh - Director of Doan Ket Cooperative (Dak Song district, Dak Nong province) told TNO : In the past few days, farmers have been very excited because pepper prices are increasing day by day. Currently, the price is at 160,000 VND/kg, the highest in many years. In particular, this is the stage of preparing to enter the pepper harvest season, but the price has increased, which is very good news, people are excited about the new harvest.
Before Tet, pepper prices remained high at 145,000 - 147,000 VND/kg. In the first week after Tet, pepper prices increased day by day and by the end of last week, many places reached 160,000 VND/kg, nearly double the same period last year.
Pepper prices have increased sharply due to high demand while our supply and inventory are limited. Meanwhile, the harvest season is delayed by about a month due to weather changes.
According to data from the Indian Ministry of Commerce, the country's pepper exports in the 11 months of 2024 reached 18,196 tons, up 30% over the same period in 2023.
However, the country also imported 43,879 tons of pepper of all kinds during the same period, up 37.8%. The main sources of pepper supply were Sri Lanka and Vietnam, with volumes reaching 21,894 tons and 9,911 tons, up 2.5% and 75.4% over the same period in 2023.
Despite playing a vital role in global trade, India's black pepper exports have been declining over the past several decades, Thehindubusinessline reported.
According to a study from Kerala Agricultural University, duty-free import of black pepper from Vietnam via Sri Lanka under the South Asian Free Trade Agreement (SAFTA) has made imported black pepper cheaper than domestic prices.
As a result, exporters specializing in value-added products have become increasingly dependent on imported pepper. This, coupled with the increase in global pepper production, has led to a fall in prices in the Indian market, negatively impacting smallholder farmers.
At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 7,265 USD/ton, down 0.15%; the price of Brazilian black pepper ASTA 570 at 6,700 USD/ton, up 200 USD/ton (2.99%); the price of Kuching black pepper (Malaysia) ASTA at 9,000 USD/ton.
Muntok white pepper price is 10,028 USD/ton, up 2.57%; Malaysian ASTA white pepper price is at 11,600 USD/ton.
Vietnam black pepper price is traded at 6,500 USD/ton for 500 g/l; 550 g/l at 6,650 USD/ton; white pepper price at 9,550 USD/ton.
Source: https://baoquocte.vn/gia-tieu-hom-nay-1222025-gia-tang-tung-ngay-cao-nhat-trong-nhieu-nam-ba-con-phan-khoi-vao-vu-thu-harch-303931.html
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