Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on January 13, 2025 as follows: Domestic pepper price returned to around 147,000 VND/kg after many consecutive declines. Currently, the pepper market in key localities has a price of around 147,100 VND/kg.
Specifically, today's pepper price in Gia Lai province recorded a stable level compared to the previous trading session, currently being purchased at 147,000 VND/kg; similarly, pepper price in Binh Phuoc province is also purchased at 147,000 VND/kg.
Similarly, the pepper market in Ba Ria - Vung Tau and Dak Lak, after many sessions of decline, has also begun to stabilize and is purchased at 147,000 VND/kg.
Particularly, the pepper market in Dak Nong is purchased at a higher price than other localities, currently the pepper price in this locality is at 147,500 VND/kg.
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| Domestic pepper price updated on January 13, 2025 |
Experts assess that pepper inventories among farmers are currently low, next year's crop is late, and farmers have more autonomy in selling their products (good income allows them to not sell immediately but to store and wait for prices to rise). These reasons, combined with expectations that China will buy heavily again, are factors that could help pepper prices increase in the 2025 harvest.
According to the Vietnam Industry and Trade Information Center (VITIC), after Vietnam, Brazil is the second largest producer and exporter of black pepper in the world, accounting for 17-18% of global supply. However, Brazil's pepper exports in the 2024 crop year decreased sharply, marking a decline for three consecutive years, due to low output due to the impact of El Nino. In the whole year of 2024, Brazil's pepper exports reached only 61,665 tons, a sharp decrease of 23.6% (equivalent to 19,037 tons) compared to 2023.
Currently, the pepper market is quite quiet, with low transactions. Meanwhile, farmers, agents and exporters are limiting sales and holding on to their stocks, hoping that prices will increase sharply after Tet.
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| Pepper harvest of farmers in Dak Nong province |
According to a December 2024 report by India-based Bioingredia Natural, Vietnam’s pepper supply in 2024 is affected by a smaller crop and reduced cultivation area due to adverse weather conditions. Vietnam’s crop output is estimated at 160,000 tons to 175,000 tons. The upcoming harvest may be delayed by about 2 months due to unpredictable weather conditions.
However, according to experts, as the new year begins, demand has started to increase from major markets, including the US, EU, Middle East and China, leading to a 1.53% price increase last month. Buyers are anticipating a price drop in the first quarter of 2025 to make purchasing decisions.
In Vietnam, after a period of price increase, in recent days the domestic pepper market has reversed and decreased sharply, especially in the Central Highlands, with Dak Lak decreasing by 6,000 VND/kg; currently the current pepper price is around 147,000 VND/kg.
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| Lush green pepper gardens 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 January 13, 2025 as follows: The world pepper market has stabilized after many previous sessions of increase and decrease.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,841 USD/ton compared to the previous trading session, similarly, the price of Muntok white pepper was purchased at 8,953 USD/ton.
After many strong increases, the Malaysian pepper market has stabilized and is anchored at a high level. Currently, the price of Malaysian ASTA black pepper is purchased at 8,700 USD/ton and the price of ASTA white pepper is at 11,100 USD/ton.
Similarly, the Brazilian pepper market continues to hold at a high level, currently at 6,350 USD/ton.
Vietnam's pepper export market is stable and increasing slightly. Specifically, the export price of Vietnam's 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 January 13, 2025 |
In Malaysia, pepper continued to grow thanks to strong international demand and government support. Malaysia's pepper exports in the first 10 months of the year reached 4,787 tons, worth nearly US$30 million, up 30.3% in value.
In Brazil, pepper exports fell sharply by 41% in December, reaching only 4,374 tons. Vietnam imported 3,750 tons of pepper in December, down 14.4% compared to the previous month, mainly from Indonesia (81.9%).
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