Agricultural product prices on January 13, 2025: Coffee stable, pepper returns to 147,000 VND

DNVN - On January 13, 2025, domestic coffee prices continued to stabilize at an average of VND 118,900/kg. Pepper prices, after a series of consecutive days of price declines, have increased again to around VND 147,000/kg.

Coffee prices fluctuate slightly

On the London floor, at 5:00 a.m. on January 13, 2025, Robusta prices were recorded at the following terms: March 2025 at 4,966 USD/ton, May 2025 at 4,879 USD/ton, July 2025 at 4,794 USD/ton, and September 2025 at 4,710 USD/ton.

On the New York floor, the price of Arabica coffee futures for March 2025 was at 323.85 cents/lb, May 2025 was 319.80 cents/lb, July 2025 was 313.60 cents/lb, and September 2025 was 306.35 cents/lb.

For Brazilian Arabica coffee, the price for March 2025 is set at $404.05/ton, for May 2025 at $400.00/ton, for July 2025 at $390.40/ton, and for September 2025 at $378.50/ton.

Domestically, coffee prices were stable at an average of VND118,900/kg. The highest price was recorded in the main growing areas of the Central Highlands at VND119,000/kg. In Dak Lak and Dak Nong , the price reached VND119,000/kg; in Gia Lai, the price was VND118,800/kg; while Lam Dong had a lower price of VND118,300/kg.

Pepper market returns to stability

On the morning of January 13, 2025, domestic pepper prices increased slightly to 147,000 VND/kg after a long period of price reduction. Localities such as Gia Lai and Binh Phuoc both recorded purchasing prices at 147,000 VND/kg. In Ba Ria - Vung Tau and Dak Lak, prices have also stabilized around this level. In Dak Nong, pepper prices were slightly higher, reaching 147,500 VND/kg.

According to the International Pepper Community (IPC), the price of Indonesian Lampung black pepper is currently at $6,841 per tonne, while the price of Muntok white pepper is at $8,953 per tonne. In Malaysia, the price of ASTA black pepper is stable at $8,700 per tonne and ASTA white pepper is at $11,100 per tonne. In Brazil, pepper prices are stable at $6,350 per tonne.

Vietnam maintained stable pepper export prices with black pepper 500 g/l reaching 6,350 USD/ton, 550 g/l reaching 6,650 USD/ton, and white pepper exported at 9,550 USD/ton.

Pepper price outlook 2025

Experts say that pepper inventories among farmers have decreased, and farmers tend to hold onto their products instead of selling them immediately in anticipation of a sharp increase in prices. In addition, import demand from China is expected to increase after the Lunar New Year, creating momentum for pepper prices in 2025.

According to VITIC, Brazil is currently the world's second largest producer and exporter of black pepper, supplying about 17-18% of global supply. However, in 2024, Brazil's pepper exports will only reach 61,665 tons, down 23.6% compared to 2023, due to the impact of the El Nino phenomenon.

The pepper market is quite quiet, with low transaction volume as people, agents, and export businesses hold onto their goods waiting for prices to increase in the coming time.

Lan Le (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-nong-san-ngay-13-1-2025-ca-phe-on-dinh-ho-tieu-tro-lai-moc-147-000-dong/20250113093726649