Pepper price today February 12, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 12.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on February 12, 2025 as follows: The domestic pepper market is bustling, continuing to increase sharply compared to the previous trading session and the previous week, increasing from 3,000 - 4,500 VND/kg depending on the locality; the highest domestic pepper price is 164,000 VND/kg. Currently, the average pepper purchase price in key areas is 162,400 VND/kg.
Specifically, pepper price today in Gia Lai province continues to increase sharply by about 4,500 VND/kg, currently pepper is purchased at 162,500 VND/kg.
Similarly, pepper prices in Dak Lak and Binh Phuoc provinces increased by 4,000 VND/kg compared to the previous trading session, currently pepper prices in these two localities are 164,000 VND/kg and 162,000 VND/kg, respectively.
Pepper price in Ba Ria - Vung Tau increased by 3,000 VND/kg, currently the purchase price is 161,000 VND/kg.
Pepper price in Dak Nong also increased by 3,000 VND/kg compared to the previous trading session, currently the purchasing price in this locality is 163,000 VND/kg.
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| Domestic pepper price updated on February 12, 2025 |
Many experts believe that in 2025, the pepper export market will have many advantages, and the decrease in output in some places will help pepper prices continue to remain high.
According to the Vietnam Pepper and Spices Association (VPSA), in 2025, global pepper output is forecast to continue to decrease while stable consumption demand is the driving force for Vietnam's pepper exports this year.
However, depending on the purchasing pace of important markets such as the United States and China, the price range may increase sharply or only about 10-15% compared to present. Therefore, businesses need to closely monitor market developments and purchasing movements from partners to have appropriate purchasing, storage, and cash flow plans, both increasing output and export turnover and ensuring business efficiency.
According to the General Department of Customs (Ministry of Finance), in the first half of January 2025, Vietnam exported 7,313 tons of pepper with a total turnover of 48.3 million USD, down 3% in volume but up 61.86% in value over the same period in 2024.
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| Farmers in Gia Lai province harvest pepper. |
According to the Ministry of Agriculture and Rural Development, in 2024, the pepper growing area of the whole country will be about 113,000 hectares, with an estimated output of 190,000 tons. It is expected that the pepper growing area may decrease to about 110,000 hectares in the coming time. The main reasons for the decrease are the effects of weather, pests and diseases, and the sharp increase in prices of some other agricultural products such as durian and coffee in recent times.
However, the Vietnamese pepper industry is shifting from increasing acreage to improving quality, promoting deep processing, diversifying products, and diversifying markets to penetrate deeply into the global pepper supply chain.
Currently, farmers in the Central Highlands provinces have begun the pepper harvest 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.
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| Lush green pepper gardens are grown 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 12, 2025 as follows: the pepper market remains stable, sideways and anchored at a high level; however, pepper prices in Indonesia continue to decrease slightly.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,251 USD/ton (down 14 USD/ton); Muntok white pepper is currently purchased at 10,010 USD/ton (down 18 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.
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 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 12, 2025 |
In early 2025, pepper exports also recorded positive signals. The estimated volume and value of pepper exports in January 2025 reached 13,000 tons and 87 million USD, down 25.6% in volume but up 23.8% in value compared to the same period in 2024. The average export price of pepper in January 2025 is estimated at 6,663 USD/ton, up 66.4% compared to the same period in 2024.
Source: https://congthuong.vn/gia-tieu-hom-nay-1222025-trong-nuoc-tiep-tuc-tang-manh-373348.html
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