Pepper price today February 10, 2025, domestic price remains high

Pepper price today February 10, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 10.

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on February 10, 2025 as follows: The pepper market remains high; domestic pepper prices have approached 160,000 VND/kg. Currently, the average pepper purchase price in key areas is 157,400 VND/kg.

Specifically, pepper prices today in Gia Lai province continue to remain stable and anchored at a high level, currently pepper prices are purchased at 156,000 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc provinces, after the previous increase, have stabilized, remained stable and remained at a fairly high level. Currently, the purchase price in these two localities is 157,000 VND/kg; pepper prices in Dak Lak province are purchased at 158,000 VND/kg.

Pepper in Dak Nong alone is purchased at the highest price in the country at 159,000 VND/kg.

Domestic pepper price updated on February 10, 2025

According to statistics, domestic pepper prices have continuously increased right after Tet, this week the increase has increased sharply from 8,500 - 10,800 VND/kg compared to last week. This helps local farmers enter the new harvest season with excitement.

According to records, farmers in the Central Highlands provinces have begun the pepper harvest with optimism as prices show many positive signs, increasing 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.

According to the Ministry of Agriculture and Rural Development (MARD), the pepper area nationwide in 2024 is about 113,000 hectares, with an estimated output of 190,000 tons. Meanwhile, the pepper area nationwide in 2023 will reach 115,000 hectares, the year with the highest area was 2017, about 151,900 hectares.

Farmers in Dak Nong province harvest pepper

Ms. Hoang Thi Lien - President of the Vietnam Pepper and Spices Association (VPSA) said that the global pepper output in 2025 is forecast to continue to decrease compared to 2024, because pepper is no longer the main crop. This is especially true in the context of increased competition from other crops, along with the increasing cost of maintaining pepper production.

Furthermore, climate change is becoming increasingly severe, affecting pepper growing areas in many countries such as Indonesia, India, Malaysia, Sri Lanka and Brazil, leading to a significant decline in output.

In addition, 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.

Pepper gardens full of fruit 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 10, 2025 as follows: pepper market remains high; pepper prices in Indonesia have stabilized after the previous decline; pepper prices in other countries are stable and tend to stabilize.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,276 USD/ton; similarly, Muntok white pepper is currently purchased at 9,770 USD/ton.

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.

Update world pepper prices today February 10, 2025

According to a new report from Ptexim, Vietnam’s total pepper export volume in 2024 is 250,600 tons, indicating abundant supply. However, the harvest has been continuously decreasing over the past 3-4 years due to the shrinking planting area, as farmers choose to switch to more profitable crops such as coffee and durian.

Source: https://congthuong.vn/gia-tieu-hom-nay-1022025-trong-nuoc-duy-tri-muc-cao-372953.html