Pepper price today 2/1/2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price on 2/1.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on February 1, 2025 as follows: The domestic pepper market remains stable, with little fluctuation and anchored at a fairly high level. This is a series of days with little price fluctuation during the Lunar New Year holiday of At Ty in 2025. Currently, the highest pepper price in key markets is 148,200 VND/kg.
Specifically, pepper prices today in Gia Lai province remained stable and were purchased at 147,500 VND.
Pepper prices in Ba Ria - Vung Tau province continue to remain stable, but are still low compared to the whole country, the current purchase price is 147,000 VND/kg; similarly, pepper prices in Binh Phuoc remain stable compared to the previous trading session, currently the pepper purchase price is 147,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong are currently at a fairly high level, with the current purchase price of pepper in these two localities at 148,200 VND/kg.
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| Domestic pepper price updated on February 1, 2025 |
The Vietnam Pepper and Spice Association forecasts that global pepper output in 2025 will continue to decrease compared to 2024, marking the fourth consecutive year of decline since 2022. This reflects the fact that pepper is no longer the main crop of many farmers. In addition, climate change with extreme weather events has reduced productivity and increased the cost of maintaining pepper production.
However, according to experts, pepper prices in Vietnam are still stable at around 140,000 - 150,000 VND/kg in the last months of 2024 and early 2025. This is a signal that prices will not fluctuate strongly, even though the market is facing a decrease in output from some major producing countries.
Global pepper supply will continue to decline in 2025, while demand from major markets such as the US and Europe will remain stable, creating momentum for prices to remain high. Meanwhile, China is currently facing low pepper inventories and may start buying again after the Lunar New Year, when Vietnam's main harvest begins.
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| Farmers in Gia Lai province harvest pepper. |
In 2024, China will reduce pepper imports from Vietnam by 82.4% but increase imports from Indonesia by 76.8%. However, this increase in imports is still not enough to meet total consumption demand in China. Pepper inventories in this market are low, while expectations of a price decrease have not come true as prices have remained stable at VND140,000/kg for the past 3 months. It is forecasted that China will probably wait until Vietnam's main harvest (after Tet) to start buying again.
Brazil’s pepper output is forecast to recover in 2025, while Indonesia may see a drop in output due to investment difficulties and unfavorable weather conditions. India, a major consumer, is also forecast to see a drop in output due to the impact of floods, leading farmers to limit investment and liquidate inventories as domestic prices fall.
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| Green, fruit-laden pepper fields in Gia Lai province |
World pepper price today
Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on February 1, 2025 as follows: After many days of sideways movement, the pepper market has begun to become active, with pepper prices in Indonesia increasing again, from 8 - 216 USD/ton; other countries continue to be stable, with little fluctuation and are anchored at high levels.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,165 USD/ton (up 8 USD/ton); similarly, Muntok white pepper is currently purchased at 9,672 USD/ton (up 216 USD/ton) compared to the previous trading session.
The Malaysian pepper market continues to remain stable and at a high level. Currently, the price of Malaysian ASTA black pepper is purchased at 9,000 USD/ton and the price of ASTA white pepper is at 11,600 USD/ton.
Similarly, pepper prices in Brazil remain stable, currently the pepper purchase price in Brazil is at 6,150 USD/ton.
The export market for Vietnamese pepper continues to be stable. Specifically, the export price of Vietnamese black pepper is currently at 6,350 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l; the price of white pepper is at 9,550 USD/ton.
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| Update world pepper prices today February 1, 2025 |
According to Thebusinessresearchcompany, the global black pepper market has grown rapidly in recent years. The market is expected to increase from US$3.86 billion in 2024 to US$4.12 billion in 2025, at a compound annual growth rate (CAGR) of 6.7%.
Source: https://congthuong.vn/gia-tieu-hom-nay-122025-trong-nuoc-on-dinh-the-gioi-tang-371782.html
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