Today's pepper prices (February 1, 2025): online pepper prices, pepper prices in Dak Lak, Dak Nong, Binh Phuoc, and Gia Lai.
Domestic pepper prices today
Today's pepper prices, updated at 4:30 AM on February 1st, 2025, are as follows: The domestic pepper market remains stable, with little fluctuation and pegged at a relatively high level. This is a series of days with little price fluctuation during the Lunar New Year holiday of the Year of the Snake 2025. Currently, the highest pepper price in key markets is 148,200 VND/kg.
Specifically, today's pepper prices in Gia Lai province remain stable and are being purchased at 147,500 VND.
Pepper prices in Ba Ria - Vung Tau province remain stable, but are still low compared to the national average, currently at 147,000 VND/kg; similarly, pepper prices in Binh Phuoc province remain stable compared to the previous trading session, currently at 147,000 VND/kg.
Specifically, pepper prices in Dak Lak and Dak Nong provinces remain quite high, with the current purchase price for pepper in both localities at 148,200 VND/kg.
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| Domestic pepper prices updated on February 1, 2025. |
The Vietnam Pepper and Spice Association forecasts that global pepper production in 2025 will continue to decline compared to 2024, marking the fourth consecutive year of decrease since 2022. This reflects the fact that pepper is no longer a primary crop for many farmers. Furthermore, climate change, with its extreme weather events, has reduced yields and increased the costs of maintaining pepper production.
However, according to experts, the price of pepper in Vietnam is expected to remain stable at around 140,000 - 150,000 VND/kg in the last months of 2024 and the beginning of 2025. This is a sign that prices are not expected to fluctuate significantly, despite the market facing reduced production from some major producing countries.
Global pepper supply is expected to continue to decline in 2025, while demand from major markets such as the US and Europe remains stable, driving prices to stay high. Meanwhile, China is currently facing low pepper inventories and may begin repurchasing after the Lunar New Year, when Vietnam's main harvest begins.
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| Farmers in Gia Lai province harvest pepper. |
In 2024, China reduced its pepper imports from Vietnam by 82.4% but increased imports from Indonesia by 76.8%. However, this increase in imports was still insufficient to meet China's total consumption needs. Pepper inventories in this market are low, while expectations of a price drop have not materialized as prices have remained stable at VND 140,000/kg for the past three months. It is predicted that China may wait until Vietnam's main harvest season (after the Lunar New Year) to resume purchases.
Forecasts indicate that Brazil's pepper production will recover in 2025, while Indonesia's output may decrease due to investment difficulties and unfavorable weather conditions. India, a major consumer, is also projected to see a decline in production due to the impact of floods, leading farmers to limit investment and liquidate inventory as domestic prices fall.
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| Lush, fruit-laden pepper plantations in Gia Lai province. |
Today's world pepper prices
According to the International Pepper Association (IPC) at 4:30 AM on February 1, 2025, the world pepper price update is as follows: after several days of stagnation, the pepper market has started to become more active, with prices in Indonesia rising again, increasing from 8 to 216 USD/ton; other countries continue to be stable, with little fluctuation and remaining at high levels.
Specifically, IPC listed the price of Indonesian Lampung black pepper at US$7,165/ton (up US$8/ton); similarly, the price of Muntok white pepper is currently being purchased at US$9,672/ton (up US$216/ton) compared to the previous trading session.
The Malaysian pepper market continues to remain stable and at high levels, with Malaysian ASTA black pepper currently being purchased at US$9,000/ton and ASTA white pepper at US$11,600/ton.
Similarly, pepper prices in Brazil remain stable, with the current purchase price at $6,150 per ton.
The Vietnamese pepper export market remains stable. Specifically, the export price of Vietnamese black pepper is currently at US$6,350/ton for the 500 g/l variety and US$6,650/ton for the 550 g/l variety; the price of white pepper is at US$9,550/ton.
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| World pepper price update today, February 1, 2025 |
According to Thebusinessresearchcompany, the global black pepper market has grown significantly in recent years. It is projected to increase from $3.86 billion in 2024 to $4.12 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%.
Source: https://congthuong.vn/gia-tieu-hom-nay-122025-trong-nuoc-on-dinh-the-gioi-tang-371782.html
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