Pepper price today February 6, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 6.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on February 6, 2025 as follows: The domestic pepper market is bustling, increasing sharply compared to the previous trading session, the increase is from 1,000 - 1,300 VND/kg depending on the locality; domestic pepper prices have exceeded 150,000 VND/kg. Currently, the average pepper purchase price in key areas is 150,500 VND/kg. Particularly, pepper prices in Dak Nong province have exceeded 151,500 VND/kg.
Specifically, today's pepper price in Gia Lai province continued to increase by 1,000 VND/kg compared to the previous trading session, currently pepper is purchased at 150,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc provinces increased by VND1,000/kg and the current pepper purchase price in these two localities is VND150,000/kg.
The pepper purchase price in Dak Lak also increased by 1,000 VND, currently the pepper purchase price in this locality reaches 151,000 VND/kg.
Pepper price in Dak Nong province alone increased by 1,300 VND/kg compared to the previous trading session. Currently, pepper purchase price in this locality is the highest in the country, currently at 151,500 VND/kg.
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| Domestic pepper price updated on February 6, 2025 |
Experts predict that the global pepper supply will not be enough to meet the increasing demand, causing prices to increase sharply from 2025, opening up development opportunities for the industry. At the same time, this year's harvest is slower than previous years due to unfavorable weather.
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 Dak Nong province take care of pepper gardens |
According to the Vietnam Pepper and Spices Association (VPSA), global pepper output in 2025 is forecast to continue to decrease compared to 2024, marking the fourth consecutive year of decline since 2022.
This reflects the fact that pepper is no longer the main crop of many farmers, especially in the context of the significant increase in economic value of other crops such as durian, coffee and oil palm. In addition, climate change with extreme weather events has reduced productivity and increased the cost of maintaining pepper production.
Meanwhile, contrary to the strong increasing trend from the US and EU, Vietnam's pepper exports to the Chinese market in 2024 fell to the lowest level in the past 9 years.
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.
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| Green, fruit-laden pepper fields 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 6, 2025 as follows: the pepper market is bustling, pepper prices in many countries have increased again compared to the previous trading session. In particular, pepper prices in Indonesia increased simultaneously for both black and white pepper, the increase was from 64 - 86 USD/ton; similarly, Vietnam's black pepper 500 g/l after a period of stability also increased by 150 USD/ton; other countries maintained at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,283 USD/ton (up 64 USD/ton); similarly, Muntok white pepper is currently purchased at 9,780 USD/ton (up 86 USD/ton) compared to the previous trading session.
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, after the previous increase, have tended to move sideways but are still at a fairly high level, currently the purchase price is at 6,300 USD/ton.
Vietnam's pepper export market continues to be stable and increasing strongly. Specifically, the export price of Vietnam's black pepper is currently at 6,500 USD/ton (up 150 USD/ton) for the 500 g/l type; others remain stable such as: 550 g/l type at 6,650 USD/ton; white pepper price is at 9,550 USD/ton.
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| Update world pepper prices today February 6, 2025 |
Currently, Vietnam and Brazil will maintain their positions as the two largest pepper exporting countries in the world 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-622025-trong-nuoc-the-gioi-tang-cao-372458.html
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