Pepper price today February 8, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 8.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on February 8, 2025 as follows: The domestic pepper market continued to be vibrant, increasing sharply compared to the previous trading session, increasing from 3,000 - 4,000 VND/kg depending on the locality; domestic pepper prices have climbed to 157,000 VND/kg. Currently, the average pepper purchase price in key areas is 155,600 VND/kg.
Specifically, today's pepper price in Gia Lai province continued to increase by 3,000 VND/kg compared to the previous trading session, currently the pepper price is purchased at 154,000 VND/kg.
Similarly, pepper price in Ba Ria - Vung Tau province increased by 3,000 VND/kg, the current purchase price is 155,000 VND/kg; pepper price in Dak Lak province also increased by 3,000 VND/kg compared to the previous trading session and the purchase price is at 156,000 VND/kg.
Pepper prices in Binh Phuoc and Dak Nong both increased by 4,000 VND/kg and currently the pepper purchasing prices in these two localities are 156,000 VND/kg and 157,000 VND/kg respectively.
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| Domestic pepper price updated on February 8, 2025 |
According to records, farmers in the Central Highlands provinces have begun harvesting pepper with optimism as prices show many positive signs compared to the same period last year. Although erratic weather has reduced output and pepper has not ripened evenly, the positive prices have helped farmers hope for a favorable crop.
This year, the unstable weather has led to a decrease in pepper output and uneven ripening. To ensure quality, most farmers in Dak Nong province have just started harvesting after the Tet holiday. Although productivity has decreased somewhat, pepper prices are showing many positive changes, bringing joy and great expectations to farmers, opening up prospects for a successful crop.
Experts predict that the global pepper supply will not be enough to meet the increasing demand, causing prices to increase sharply from the beginning of 2025, opening up development opportunities for the "black gold" production and trading industry.
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| Farmers in Dak Nong province take care of their pepper gardens. |
According to the Vietnam Pepper and Spice Association (VPSA), instead of massively expanding pepper growing areas, Vietnamese pepper farmers are now focusing on improving product quality, applying sustainable farming methods and combining intercropping to reduce costs, while better adapting to the impacts of climate change.
According to statistics, in January 2025, Vietnam exported 13,085 tons of pepper of all kinds, of which black pepper reached 10,502 tons and white pepper reached 2,583 tons. Total export turnover reached 87.7 million USD, compared to December 2024, the export volume decreased by 14.3% and compared to the same period in 2024, the export decreased by 26.4%.
In addition, in January 2025, Vietnam imported 1,817 tons, of which black pepper reached 753 tons, white pepper reached 1,064 tons, the total import turnover reached 10.9 million USD, compared to December 2024, the import volume decreased by 51.5%. Indonesia is the main pepper supplier to Vietnam, accounting for 73.6% reaching 1,338 tons, however, compared to the previous month, it decreased by 56.4%.
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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 8, 2025 as follows: the pepper market remains high; pepper prices in Indonesia, after many sessions of increase, have turned slightly down, a decrease of 7 - 10 USD/ton. Pepper prices in other countries are stable and anchored at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,276 USD/ton (down 7 USD/ton); similarly, Muntok white pepper is currently purchased at 9,770 USD/ton (down 10 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 are currently quite high, currently purchasing at 6,500 USD/ton.
The export market for Vietnamese pepper continues to be stable and slightly increasing. Specifically, the export price of Vietnamese black pepper is currently at 6,500 USD/ton for 500 g/l; 550 g/l is at 6,650 USD/ton; and the price of white pepper is at 9,550 USD/ton.
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| Update world pepper prices today February 8, 2025 |
In 2024, many businesses in the pepper industry recorded growth rates of 32-68%, with some companies achieving export revenue growth of up to 150% compared to 2023. However, pepper exports to China decreased sharply, reaching only 10,549 tons, down 82.4% in volume and 76.6% in value compared to 2023.
Source: https://congthuong.vn/gia-tieu-hom-nay-822025-trong-nuoc-tiep-tuc-da-tang-manh-372792.html
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