Pepper price today February 5, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 5.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on February 5, 2025 as follows: The domestic pepper market is bustling and increasing after the Lunar New Year holiday; the increase is about 2,000 VND/kg on the first working day after the holiday. Currently, the average pepper purchase price in key areas is 149,400 VND/kg. Particularly, the pepper price in Dak Nong province has exceeded 150,000 VND/kg.
Specifically, today's pepper price in Gia Lai province remains stable compared to the previous trading session and is at a fairly high level, currently the pepper purchase price is at 149,000 VND/kg;
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc provinces remain stable, currently the pepper purchase price in these two localities is 149,000 VND/kg. Pepper purchase price in Dak Lak is also purchased at 150,000 VND/kg.
Pepper price in Dak Nong province increased by 200 VND/kg compared to the previous trading session, currently the pepper purchasing price in this locality has reached 150,200 VND/kg.
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| Domestic pepper price updated on February 5, 2025 |
According to experts, in the coming years, the global pepper supply shortage will not be able to meet the increasing consumption demand. This is expected to cause pepper prices to increase sharply from 2024, opening up new development opportunities for the pepper industry in Vietnam.
Currently, instead of massively expanding pepper growing areas, Vietnamese pepper farmers focus on improving product quality, applying sustainable farming methods and combining intercropping to reduce costs, while better adapting to the impacts of climate change.
With the positive development of the industry, businesses in the pepper sector recorded impressive growth of 32-68% in 2024, some companies even achieved export revenue growth of up to 150% compared to 2023.
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| Farmers in Gia Lai province harvest pepper. |
According to data from the Vietnam Pepper and Spices Association (VPSA), in contrast to the strong increasing trend from the US and EU, Vietnam's pepper exports to the Chinese market in 2024 dropped to the lowest level in the past 9 years, reaching only 10,549 tons, worth 32.15 million USD, down 82.4% in volume and 76.6% in value compared to 2023.
According to statistics, 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.
Global pepper prices in 2025 are expected to remain high due to reduced supply, while demand in major markets such as the United States and Europe remains stable. Pepper use in the food and spice processing industries remains the main driver of the market.
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| Lush green pepper gardens are grown in Gia Lai |
World pepper price today
Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on February 5, 2025 as follows: the pepper market is bustling, prices in many countries have increased again after the previous trading session. In particular, pepper prices in Brazil, after a period of stability and sideways movement, have increased sharply, increasing by 150 USD/ton; other countries remain at high levels.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,219 USD/ton; similarly, Muntok white pepper is currently purchased at 9,694 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.
After a period of stability and sideways movement, pepper prices in Brazil have rebounded, increasing by 150 USD/ton, and the current purchase price is 6,300 USD/ton.
The export market for Vietnamese pepper continues to be stable and slightly decreasing. 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 5, 2025 |
According to data from the China Customs Administration, in 2024, the country's official pepper imports will reach 10,346 tons, up 12.6% compared to 2023. Of which, imports from Indonesia increased sharply by 41.8%, reaching 5,742 tons and accounting for 55.5% of the market share. Meanwhile, official imports from Vietnam will reach 3,376 tons, up slightly by 0.5% compared to 2023.
Source: https://congthuong.vn/gia-tieu-hom-nay-522025-trong-nuoc-duy-tri-da-tang-372186.html
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