Pepper price today February 28, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 28.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on February 28, 2025 as follows: Domestic pepper prices are stable, sideways and anchored at a fairly high level after many previous declines. Currently, the average pepper purchase price in key areas is 157,800 VND/kg.
Specifically, today's pepper price in Gia Lai province remained stable compared to the previous trading session, currently the pepper purchasing price in this locality is at 157,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc provinces have fluctuated little, remaining stable. Currently, traders are purchasing pepper in these two localities at 157,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong provinces remained stable compared to the previous day's slight decrease. Currently, the pepper purchase price in these two localities is at 159,000 VND/kg.
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| Domestic pepper price updated on February 28, 2025 |
According to the Vietnam Pepper and Spice Association (VPSA), with the current pepper export price increasing by 68% compared to the same period last year, VPSA predicts that pepper exports in 2025 will achieve impressive results, possibly surpassing the record mark of 1.5 billion USD.
Vietnam’s pepper industry is shifting from expanding pepper growing areas to focusing on improving quality, promoting deep processing, and diversifying products and markets. The goal is to penetrate deeper into the global pepper supply chain.
In particular, many farmers in the Central Highlands provinces are shifting production to organic models, ensuring safe products that meet the strict standards of demanding export markets, thereby creating a strong competitive advantage for Vietnamese agricultural products.
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| Farmers in Dak Nong province harvest pepper |
Pepper harvesting has now begun in key pepper growing areas across the country, however, due to adverse weather conditions, progress is slower than in previous years. It is forecasted that the 2025 crop season may be longer, with the main harvest taking place in late March or early April 2025.
According to Ptexim, the demand for pepper is still quite slow in major markets such as the EU, the US and China. The continuous decline in pepper export volume since the second half of last year shows that the supply from the old crop is running out, while the new harvest is taking place later than usual due to unfavorable weather conditions.
According to data from the US International Trade Commission (USITC), pepper imports in this country's market have recovered and increased to a new record level in 2024 after two consecutive years of decline due to the impact of high inflation and interest rates.
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| Lush green pepper gardens 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 February 28, 2025 as follows: the pepper market remains stable and remains at a high level after previous increases and decreases.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,318 USD/ton; Muntok white pepper is currently purchased at 10,074 USD/ton.
The Malaysian pepper market tends to be stable and sideways, currently the price of Malaysian ASTA black pepper is purchased at 9,500 USD/ton and the price of ASTA white pepper is at 12,000 USD/ton.
Pepper prices in Brazil, after a slight increase in the previous session, also tend to stabilize, with the current purchase price reaching 6,850 USD/ton.
After a strong increase, the Vietnamese pepper export market tends to stabilize and stay at a high level. Specifically, the export price of Vietnamese black pepper is currently at 6,900 USD/ton for the 500 g/l type; 550 g/l is at 7,100 USD/ton; the price of white pepper is at 9,900 USD/ton.
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| Update world pepper prices today February 28, 2025 |
Pepper prices remain high, helping farmers avoid selling in large quantities, with many choosing to stockpile and wait for prices to rise. Meanwhile, the US market has recovered pepper imports after two years of decline, with Vietnam accounting for more than 77% of pepper imports into the country in 2024.
Source: https://congthuong.vn/gia-tieu-hom-nay-2822025-trong-nuoc-cao-nhat-159000-dongkg-375993.html
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