Pepper price today February 16, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 16.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on February 16, 2025 as follows: Domestic pepper price remains stable, sideways, the highest price is 160,000 VND/kg; the average pepper purchase price in key areas is 158,400 VND/kg.
Specifically, today's pepper price in Gia Lai province remained stable compared to the previous trading session, currently the pepper price is purchased at 157,000 VND/kg. Similarly, pepper price in Binh Phuoc is also purchased at 157,000 VND/kg.
Pepper prices in Ba Ria - Vung Tau province are higher, the purchasing price in this locality is 158,000 VND/kg.
Meanwhile, pepper prices in Dak Nong and Dak Lak provinces are at a high level and have the highest purchase price in the country, currently the purchase price in these two localities is 160,000 VND/kg.
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| Domestic pepper price updated on February 16, 2025 |
Experts say pepper prices may continue to rise in the short term, especially if China, one of the largest customers of Vietnamese pepper, increases imports again. However, pepper prices may stagnate as supplies from the new harvest are gradually replenished.
Currently, local farmers are focusing on harvesting pepper. However, pepper productivity in some areas is forecast to decrease due to weather effects.
Many pepper farmers said that in the past, most farmers often consigned all their products to agents or companies after harvest, leading to a situation of being forced to sell at a lower price. However, in recent years, they have changed their methods by drying and preserving pepper at home, helping them avoid being forced to sell at a higher price at a favorable time.
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| Farmers in Dak Nong province take care of pepper gardens |
According to data from the Central Statistics Agency of Indonesia (BPS), Indonesia's pepper exports in December 2024 reached 4,673 tons, down 27.5% compared to the previous month but up 2.8 times compared to the same period in 2023.
In 2024, Indonesia exported 55,475 tons of pepper of all kinds with a turnover of 311.3 million USD, a sharp increase of 132.9% in volume and 171.8% in turnover compared to 2023. This result helped Indonesia continue to consolidate its third position in the world in pepper exports, after Brazil and Vietnam. Last year, Indonesia's pepper exports to most markets generally grew exponentially.
According to statistics, Vietnam has returned to the leading position in importing pepper from Indonesia in 2024, with a volume of 18,015 tons, worth 99.2 million USD, an increase of more than 5.2 times (425.9%) in volume and 6.7 times (578%) in turnover compared to 2023.
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| Lush green pepper gardens are grown in Dak Nong |
World pepper price today
Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on February 16, 2025 as follows: the market remains stable and anchored at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,294 USD/ton; Muntok white pepper is currently purchased at 10,068 USD/ton.
The Malaysian pepper market continues to remain stable and is anchored 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 remained stable compared to the previous increase, currently purchasing at 6,800 USD/ton.
The export market for Vietnamese pepper continues to be stable and slightly decreasing. 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; the price of white pepper is at 9,550 USD/ton.
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| Update world pepper prices today February 16, 2025 |
In the international market, pepper prices are being greatly affected by reduced supply in major producing countries such as Vietnam, Brazil and Indonesia. However, global consumption demand remains stable, especially in major markets such as the US and EU. This will continue to support pepper prices to remain high in the coming time.
Source: https://congthuong.vn/gia-tieu-hom-nay-1622025-trong-nuoc-di-ngang-373976.html
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