Pepper price today February 11, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 11.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on February 11, 2025 as follows: The domestic pepper market continued to increase sharply compared to the previous trading session and the previous week, increasing from 1,000 - 2,000 VND/kg depending on the locality; domestic pepper price has reached 160,000 VND/kg. Currently, the average pepper purchase price in key areas is 158,700 VND/kg.
Specifically, today's pepper price in Gia Lai province continued to increase by 1,500 VND/kg compared to the previous trading session, currently the pepper price is purchased at 157,500 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau, Binh Phuoc and Dak Nong provinces have all increased by VND1,000/kg. Accordingly, the current pepper purchase price in Ba Ria - Vung Tau is VND158,000/kg; in Binh Phuoc it is VND158,000/kg and in Dak Lak the pepper purchase price is VND160,000/kg.
Pepper prices in Dak Nong continued to increase by 1,000 VND/kg and currently the purchase price here reaches 160,000 VND/kg.
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| Domestic pepper price updated on February 11, 2025 |
According to records, farmers in the Central Highlands provinces have begun harvesting pepper with optimism as prices show many positive signs, increasing compared to the same period last year. Experts say that with increasing global demand, pepper prices may continue to increase sharply from the beginning of 2025, opening up development opportunities for the pepper production and export industry.
According to Ptexim, from a market perspective, 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).
However, by 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.
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| Farmers in Dak Nong province take care of their pepper gardens. |
According to statistics, domestic pepper prices continuously increased right after Tet, with a sharp increase of 8,500 - 10,800 VND/kg compared to last week.
The Vietnam Pepper and Spices Association (VPSA) forecasts that global pepper output in 2025 will continue to decrease compared to 2024, as pepper is no longer the main crop. This is especially true in the context of increased competition from other crops, along with the increasing cost of maintaining pepper production.
In addition, climate change is becoming increasingly severe, affecting pepper growing areas in many countries such as Indonesia, India, Malaysia, Sri Lanka and Brazil, leading to a significant decrease in output.
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| Pepper gardens full of fruit are grown in Dak Nong province. |
World pepper price today
Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on February 11, 2025 as follows: the pepper market is vibrant and increasing; in which black pepper prices in Indonesia decreased slightly, but white pepper prices increased sharply, increasing by 258 USD/ton; pepper prices in Brazil increased by 200 USD/ton.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,265 USD/ton (down 11 USD/ton); in contrast, the price of Muntok white pepper increased, currently being purchased at 10,028 USD/ton (up 258 USD/ton).
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.
Pepper prices in Brazil continued to increase by 200 USD/ton compared to the previous trading session, remaining at a fairly high level, currently purchasing at 6,700 USD/ton.
The export market for Vietnamese pepper continues to be stable and slightly increasing. Specifically, the export price of Vietnamese black pepper is currently at 6,500 USD/ton for 500 g/l; 550 g/l is at 6,650 USD/ton; and the price of white pepper is at 9,550 USD/ton.
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| Update world pepper prices today February 11, 2025 |
Experts say that currently, some speculators, including farmers and distributors, have invested in buying large quantities of black pepper for long-term storage, with the belief that prices will increase in the next 2-3 years.
Source: https://congthuong.vn/gia-tieu-hom-nay-1122025-trong-nuoc-the-gioi-deu-tang-cao-373105.html
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