Pepper price today January 12, 2025, domestic continues to decrease

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on January 12, 2025 as follows: Domestic pepper price returned to around 147,000 VND/kg after many consecutive price reductions. Currently, the pepper market in key localities is 147,100 VND/kg.

Specifically, today's pepper price in Gia Lai province recorded a stable level compared to the previous trading session, currently being purchased at 147,000 VND/kg; similarly, pepper price in Binh Phuoc province is also purchased at 147,000 VND/kg.

On the contrary, the pepper market in Ba Ria - Vung Tau and Dak Lak continued to decrease by 2,000 VND/kg compared to the previous trading session, currently the pepper price in these two localities is purchased at 147,000 VND/kg.

Particularly, the pepper market in Dak Nong decreased slightly and the purchase price was slightly higher than other localities, currently the pepper price here is purchased at 147,500 VND/kg.

Domestic pepper price updated on January 12, 2025

Experts say the pepper market is currently quite quiet, with low transactions. Meanwhile, farmers, agents and exporters are limiting sales and holding onto their stocks, hoping that prices will increase sharply after Tet.

However, it is expected that the amount of pepper available for export in January and February will be very limited, putting great pressure on current inventories, as the main harvest will begin in March or April, in the context that this year's crop is expected to arrive later than usual due to climate change.

According to statistics, after many consecutive days of increase in the domestic market, pepper prices have adjusted sharply downward. The Central Highlands region has decreased the most, of which Dak Lak has decreased by 6,000 VND/kg. This has caused pepper prices in key provinces to fall below 147,000 VND/kg. Currently, the average purchase price is 147,100 VND/kg.

Farmers in Dak Nong province harvest pepper

In Malaysia, cocoa and pepper continue their growth trend in 2024 thanks to higher global demand and government support for the growth of these commodities.

Both commodities remain important contributors to the Malaysian economy, with significant increases in export value recorded last year.

According to data from the International Trade Center (ITC), Malaysia's pepper exports in the first 10 months of 2024 reached 4,787 tons, worth nearly 30 million USD, down 0.8% in volume but up 30.3% in value compared to the same period in 2023.

According to data from the Brazilian State Center for Foreign Trade Statistics (Comex Stat), the country's pepper export volume in December 2024 reached 4,374 tons, down 41% compared to the same period in 2023 and marking a decline for the sixth consecutive month. Brazil is the world's second largest producer and exporter of black pepper, accounting for 17-18% of global supply.

Farmers in Dak Nong province collect and dry pepper after harvest.

World pepper price today

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on January 12, 2025 as follows: The world pepper market has stabilized after many previous sessions of increase and decrease.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,841 USD/ton compared to the previous trading session, similarly, the price of Muntok white pepper was purchased at 8,953 USD/ton.

After many strong increases, the Malaysian pepper market has stabilized and is anchored at a high level. Currently, the price of Malaysian ASTA black pepper is purchased at 8,700 USD/ton and the price of ASTA white pepper is at 11,100 USD/ton.

Meanwhile, the Brazilian pepper market continues to stay high, currently at 6,350 USD/ton.

Vietnam's pepper export market is stable and increasing slightly. Specifically, the export price of Vietnam's black pepper is currently at 6,350 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l; the price of white pepper is at 9,550 USD/ton.

Update world pepper prices today January 12, 2025

According to preliminary data from the Vietnam Pepper and Spices Association (VPSA), Vietnam's market share in Brazil's total pepper exports in 2024 will decrease to 12.3% from 20.6% in 2023. The average import price recorded an increase of 23.2% to 3,770 tons, but is still the lowest among the top 19 pepper importing countries from Brazil.

In December 2024, Vietnam imported 3,750 tons of pepper of all kinds, of which black pepper reached 2,777 tons and white pepper reached 973 tons, with a total import turnover of 20.9 million USD, compared to the previous month, the import volume decreased by 14.4%.

Of which, Vietnam mainly imported pepper from Indonesia, accounting for 81.9%, reaching 3,071 tons, followed by Brazil, accounting for 9.5%, reaching 355 tons, and Cambodia, accounting for 5.7%, reaching 213 tons.

Source: https://congthuong.vn/gia-tieu-hom-nay-1212025-trong-nuoc-tiep-tuc-giam-369107.html