Pepper price today February 3, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price on February 3.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on February 3, 2025 as follows: The domestic pepper market maintained a stable trend, with little fluctuation and anchored at a fairly high level. This is a series of days with little price fluctuation during the Lunar New Year holiday of At Ty in 2025. Currently, the average pepper price in key markets is 147,600 VND/kg.
Specifically, pepper prices today in Gia Lai province remained stable and were purchased at 147,500 VND.
Pepper prices in Ba Ria - Vung Tau province continue to remain stable, but are still low compared to the whole country, the current purchase price is 147,000 VND/kg; similarly, pepper prices in Binh Phuoc remain stable compared to the previous trading session, currently the pepper purchase price is 147,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong are currently at a fairly high level, with the current purchase price of pepper in these two localities at 148,200 VND/kg.
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| Domestic pepper price updated on February 3, 2025 |
By the end of 2024, businesses in the pepper industry recorded strong growth rates of 32-68%, with some companies even seeing a spike in export revenue of 150% compared to 2023. Farmers also had a bumper year, earning 60,000-100,000 VND when selling 1 kg of pepper.
According to records, after the Lunar New Year holiday, local farmers started harvesting the early-ripening pepper crop in some areas. Most of the pepper acreage will be harvested immediately after that. This year's harvest is estimated to be slower than previous years due to unfavorable weather conditions.
Currently, the pepper growing area in our country is about 113,000 hectares, with an estimated output of 190,000 tons. In 2024, businesses exported nearly 250,000 tons of pepper, worth 1.31 billion USD - a record in the past 8 years. Vietnam continues to hold the world's largest warehouse with output accounting for 40% and exports accounting for 60% globally.
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| Farmers in Dak Nong province harvest pepper |
Although world pepper prices have not fluctuated much, experts believe that the decline in output from Vietnam and Brazil could cause pepper prices to increase in the first quarter of 2025. Indonesia is emerging as a potential supplier thanks to its stable output, but it is unlikely to be able to fully meet global demand.
In addition, China, which is currently facing low pepper inventories, is expected to start buying aggressively right after the Lunar New Year. This could create a new wave of price increases, especially when Vietnam begins its main harvest.
According to the assessment, the price of "black gold" in Vietnam will remain high, because the supply is decreasing, while the demand in major markets such as the US and Europe remains stable, China may increase imports from March to April because the inventory is gradually running out.
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| Pepper gardens laden with fruit are about to be harvested 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 3, 2025 as follows: the pepper market remains stable and is anchored at a fairly high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,165 USD/ton; similarly, Muntok white pepper is currently purchased at 9,672 USD/ton.
The Malaysian pepper market continues to remain stable and 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, pepper prices in Brazil remain stable, currently the pepper purchase price in Brazil is at 6,150 USD/ton.
The export market for Vietnamese pepper continues to be stable. Specifically, the export price of Vietnamese 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 February 3, 2025 |
Global pepper output in 2025 is forecast to continue to decrease compared to 2024 because it is no longer a key crop, especially in the context of competition from other crops while the cost of maintaining pepper production increases.
In addition, climate change is increasingly severe, affecting pepper growing areas in many countries such as Indonesia, India, Malaysia, Sri Lanka, Brazil... leading to a significant decrease in output.
Source: https://congthuong.vn/gia-tieu-hom-nay-322025-trong-nuoc-duy-tri-on-dinh-371905.html
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