Pepper price today January 17, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price January 17.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on January 17, 2025 as follows: The domestic pepper market fluctuated little and increased slightly compared to the previous trading session. Currently, pepper purchasing prices in key markets fluctuated between 145,000 - 146,000 VND/kg; the average pepper price was 145,500 VND/kg.
Specifically, pepper prices today in Gia Lai and Binh Phuoc provinces fluctuated little compared to the previous trading session. Currently, pepper prices in these two localities are purchased at 145,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau and Dak Nong provinces continue to remain stable and at a fairly high level. Currently, the purchase price in these two provinces is at 146,000 VND/kg.
Pepper prices in Dak Lak, after many sessions of stable prices, have started to increase slightly, an increase of 500 VND/kg, currently the pepper price is purchased at 145,500 VND/kg.
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| Domestic pepper price updated on January 17, 2025 |
According to the Vietnam Pepper and Spice Association (VPSA), Vietnam currently has about 200 pepper processing enterprises, of which 15 enterprises account for 70% of export volume, with 14 deep processing factories. Along with that, 5 foreign-invested enterprises account for nearly 30% of the export market share. Vietnam's pepper processing technology has now met international standards, creating diverse products such as black pepper, white pepper, ground pepper and small packages.
Currently, VPSA encourages farmers to improve pepper quality right from the planting stage, while businesses need to invest in deep and clean processing. At the same time, expand products and markets to penetrate the global pepper supply chain.
After a period of high prices, the domestic pepper market is currently falling sharply, with prices fluctuating around 145,000 - 146,000 VND/kg, down 5,000 - 6,000 VND/kg depending on the region.
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| Farmers taking care of pepper in Dak Nong province |
According to traders, Vietnam's pepper export prices remained stable in mid-January 2025. Thus, compared to the end of December 2024, Vietnam's current white pepper export price has increased by 1,300 USD/ton, an increase of 16%; while black pepper price has only increased by 174 USD/ton, equivalent to an increase of 2.7%. Compared to mid-2024, Vietnam's current white pepper export price has increased by 2,660 USD/ton, equivalent to an increase of 38%; while black pepper price has increased by 1,490 USD/ton, equivalent to an increase of 29%.
According to experts, the amount of pepper in stock among people is currently very low, mainly concentrated in business warehouses. This may stabilize pepper prices in the short term but it is difficult to exceed the 150,000 VND/kg mark before Tet.
The Vietnam Pepper and Spices Association (VPSA) encourages farmers and businesses to invest in product quality, deep processing and expanding export markets to increase the value of pepper.
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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 January 17, 2025 as follows: the world pepper market fluctuated little and was stable compared to the previous trading session.
Specifically, IPC listed the price of Indonesian Lampung black pepper after many sessions of increase, has stabilized and remained unchanged, currently the price is at 7,142 USD/ton, similar to the price of Muntok white pepper purchased at 9,231 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 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 fairly 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 17, 2025 |
According to statistics, Olam Vietnam is the largest pepper exporting enterprise in 2024, reaching 27,800 tons, accounting for 11.1% and compared to 2023, exports increased by 36.9%. Next are the enterprises: Phuc Sinh 22,293 tons, accounting for 8.9%, up 41.1%; Nedspice Vietnam 20,420 tons, accounting for 8.1%, up 6.4%; Haprosimex JSC 17,899 tons, accounting for 7.1%, up 63.8%; Tran Chau 16,210 tons, accounting for 6.5%, down 2.0% compared to 2023.
In addition, there are also a number of other enterprises with a sudden increase in export volume such as Simexco Dak Lak: 13,352 tons, up 150.3%; Lien Thanh 12,224 tons, up 32.4%; Intimex Group 5,171 tons, up 42.8%; Sinh Loc Phat 4,119 tons, up 50.7%; Hanfimex 3,426 tons, up 68.2%. Leading white pepper exporting enterprises include: Nedspice Vietnam 5,307 tons, Olam Vietnam 4,635 tons, Phuc Sinh 2,400 tons, Lien Thanh 1,827 tons and Tran Chau 1,266 tons.
Source: https://congthuong.vn/gia-tieu-hom-nay-1712025-trong-nuoc-tang-nhe-369957.html
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