Prices have increased nearly 3 times since bottoming out, farmers are excited, with high expectations for a bumper 2025 crop.

Pepper price today January 2, 2025 in the domestic market increased slightly in some key localities, trading from 146,500 - 147,000 VND/kg.

Pepper price today January 2, 2025: Price increased nearly 3 times from the bottom, farmers are excited, with high expectations for a bumper crop in 2025. (Source: Times of India)

Pepper price today January 2, 2025 in the domestic market increased slightly in some key localities, trading from 146,500 - 147,000 VND/kg.

Specifically, pepper price today in Gia Lai is at 146,500 VND/kg.

Pepper prices today in the provinces of Dong Nai (146,500 VND/kg); Dak Lak (147,000 VND/kg); Dak Nong (147,000 VND/kg); Ba Ria - Vung Tau (147,000 VND/kg) and Binh Phuoc (147,000 VND/kg).

Thus, pepper prices today increased slightly in Gia Lai and Dong Nai provinces, increasing by 500 VND/kg, while remaining unchanged in other key growing areas. The highest pepper price is still at 147,000 VND/kg.

According to records, domestic pepper prices on January 1, 2024, ranged from 80,000 - 81,500 VND/kg. After 1 year, the market increased by an average of 65,000 VND/kg. In 2023, domestic pepper prices increased by an average of 22,000 VND/kg.

Pepper processing and exporting enterprises said that Vietnam's pepper inventory is currently very low. The 2025 harvest is expected to be 1-2 months later than usual and output will decrease due to the impact of drought. Expectations of increased purchases from the Chinese market are reasons for the market's expected growth momentum in 2025.

According to Lao Dong , the pepper harvest is almost a month away, but many farmers are happy that prices have increased sharply. According to records, over the past month, pepper prices have fluctuated between 144,000 and 145,000 VND/kg. This price has increased nearly 3 times compared to 2018 (when pepper prices hit rock bottom).

With the above prices, farmers have the right to hope for a bumper and successful harvest. Ms. Nguyen Thi Tuyet - Nhan Co commune, Dak R'lap district (Dak Nong) - said that her family has nearly 2 hectares of pepper in the business period. In about 1 month, the pepper garden will be ready for harvest.

Mr. Nguyen Hai Duong, in Nam Binh commune, Dak Song district (Dak Nong), was also happy when pepper prices increased sharply. He confided that his family has more than 1 hectare of pepper. This has been his family's "rice bowl" for many years. Therefore, Mr. Duong closely monitors any fluctuations in prices or weather developments.

After many ups and downs, pepper farmers in Dak Nong can smile with hope.

In the world market, at the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 6,855 USD/ton; the price of Brazilian black pepper ASTA 570 at 6,325 USD/ton, up 0.79%; the price of Kuching black pepper (Malaysia) ASTA at 8,500 USD/ton.

Muntok white pepper price is 8,970 USD/ton; Malaysian ASTA white pepper price is at 10,700 USD/ton.

Vietnam black pepper price is traded at 6,400 USD/ton for 500 g/l; 550 g/l at 6,700 USD/ton; white pepper price at 9,600 USD/ton. IPC increases pepper price in Brazil on the last day of the year.

Source: https://baoquocte.vn/gia-tieu-hom-nay-212025-gia-tang-gan-3-lan-tu-thoi-diem-cham-day-nong-dan-phan-khoi-nhieu-ky-vong-vao-vu-mua-2025-boi-thu-299401.html