Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on January 18, 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 a slight increase, have also leveled off compared to the previous trading session. Currently, pepper prices are purchased at 145,500 VND/kg.
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| Domestic pepper price updated on January 18, 2025 |
Domestic pepper prices continue to be stable, with a sideways trend after many previous sessions of fluctuations. According to experts, the amount of pepper in stock among people is currently very low, mainly concentrated in business warehouses. This makes it difficult for pepper prices to have a major breakthrough before Tet.
The Vietnam Pepper and Spice Association (VPSA) said that in the context of pepper prices remaining high, farmers are being encouraged to invest in crop care to improve productivity and product quality. However, new planting areas need time to supply the market, making it impossible for the Vietnamese pepper industry to fully recover in the short term.
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 export market share.
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| Farmers in Dak Nong province harvest pepper |
According to VPSA, the impact of climate change in 2024 will partly affect pepper production of farmers in key pepper growing areas. However, some areas of the provinces recorded favorable weather conditions.
In Dak Nong, the capital of Vietnam Pepper, the output was recorded to be equivalent to the previous year. Production in some areas in the remaining key provinces such as Gia Lai, Binh Phuoc, Dong Nai and Ba Ria - Vung Tau also had a positive trend when pepper prices increased, so farmers boldly invested in caring for and restoring existing pepper gardens.
Meanwhile, in Dak Lak province, the province with the second largest pepper area and output, it is estimated that the area and output will decrease as people switch to growing durian trees and there are not many new plantings. It is expected that farmers will not start harvesting pepper until after the Lunar New Year 2025 and this will last until the end of April 2025.
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| Lush green 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 January 18, 2025 as follows: The world pepper market maintained a high price, with little fluctuation compared to the previous trading session.
Specifically, IPC listed the price of Indonesian Lampung black pepper after many sessions of increase and decrease, has stabilized and remained unchanged, currently the price is at 7,113 USD/ton, similar to the price of Muntok white pepper purchased at 9,193 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.
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 has decreased relatively. 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 18, 2025 |
According to VPSA, global pepper prices in 2025 are expected to remain high due to reduced supply, while demand in major markets such as the US and Europe remains stable. Demand for pepper in the food and spice processing industries remains the main driver of the market.
Vietnam and Brazil will maintain their positions as the world's two largest pepper exporters in 2024. However, Indonesia has emerged as a significant supplier, especially when Vietnam and Brazil suffered crop failures last year.
Source: https://congthuong.vn/gia-tieu-hom-nay-1812025-trong-nuoc-di-ngang-370139.html
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