Pepper price today January 31, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price January 31.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on January 31, 2025 as follows: The domestic pepper market tends to be stable, less volatile and anchored at a high level during the Lunar New Year holidays of At Ty in 2025. Currently, the highest pepper price in key markets is 148,200 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 January 31, 2025 |
According to experts, with the decline in production from major producing countries such as Vietnam and Brazil facing crop failures, Indonesia has emerged as a potential supplier. According to the International Pepper Community (IPC), in 2024, the average FOB price of black pepper increased sharply by 45% to reach 4,639 USD/ton in Brazil, up 48.4% compared to 2023. In Malaysia, the FOB price of black pepper also increased by 37%, while white pepper increased by 26%.
Global pepper supply will continue to decline in 2025, while demand from major markets such as the US and Europe will remain stable, creating momentum for prices to remain high. Meanwhile, China is currently facing low pepper inventories and may start buying again after the Lunar New Year, when Vietnam's main harvest begins.
Although expectations of a price reduction have not materialized, pepper prices in Vietnam have remained stable at VND140,000/kg over the past three months, a signal that prices have not fluctuated much, even though the market is facing a reduction in production from some major producing countries.
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| Farmers in Dak Nong province take care of pepper |
According to statistics from the International Pepper Association (IPC), in 2023, India surpassed Brazil to become the second largest pepper producing country in the world, however, most of India's pepper output is consumed domestically. In 2024, India's pepper output reached 125,000 tons and was the country with the highest increase in pepper production with about 7% (8,000 tons) compared to 2023.
However, the IPC forecasts that the situation for Indian pepper will not be optimistic in 2025 when the output could decrease by up to 38%. The reason is the impact of floods, leading to farmers limiting investment and liquidating inventories when domestic prices decrease.
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. Pepper use in the food and spice processing industries remains the main driver of the market.
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| Fruit-laden 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 January 31, 2025 as follows: the pepper market continues to be stable, with little fluctuation and is anchored at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,157 USD/ton; similarly, Muntok white pepper is currently purchased at 9,456 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.
Pepper prices in Brazil have stabilized after many previous declines. 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 January 31, 2025 |
In 2024, China will reduce pepper imports from Vietnam by 82.4% but increase imports from Indonesia by 76.8%. However, this increase in imports is still not enough to meet total consumption demand in China.
Source: https://congthuong.vn/gia-tieu-hom-nay-3112025-trong-nuoc-co-xu-huong-binh-on-371708.html
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