Pepper price today February 17, 2025, domestic price remains stable

Pepper price today February 17, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 17.

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on February 17, 2025 as follows,

Domestic pepper prices remained stable, unchanged from the previous trading session; the average pepper purchase price in key areas was 158,400 VND/kg; the highest price was 160,000 VND/kg;

Specifically, today's pepper price in Gia Lai province remained stable compared to the previous trading session, currently the pepper price is purchased at 157,000 VND/kg. Similarly, pepper price in Binh Phuoc is also purchased at 157,000 VND/kg.

Pepper prices in Ba Ria - Vung Tau province are higher, the purchase price in this locality is 158,000 VND/kg.

Meanwhile, pepper prices in Dak Nong and Dak Lak provinces are at a high level and have the highest purchase price in the country, currently the purchase price in these two localities is 160,000 VND/kg.

Domestic pepper price updated on February 17, 2025

Experts say pepper prices may continue to rise in the short term, especially if China, one of the largest customers of Vietnamese pepper, increases imports again. However, pepper prices may stagnate as supplies from the new harvest are gradually replenished.

Domestic pepper prices fluctuated strongly last week, soaring by VND4,000 - 6,000/kg, surpassing VND160,000/kg in the middle of the week. However, pepper prices then fell for four consecutive days, falling to VND157,000 - 160,000/kg at the end of the week. Currently, the average pepper purchase price in key areas is VND158,400/kg.

Summing up domestic pepper prices this week, the domestic pepper market has increased by 1,000 - 2,000 VND/kg compared to last week and recorded the second consecutive week of price increase after the Lunar New Year 2025.

Farmers in Dak Nong province dry pepper at home after harvesting.

According to the International Pepper Community (IPC), last week, the price of Indonesian black pepper was listed at 7,294 USD/ton, a slight increase of 0.2% compared to the previous week. The price of Indonesian white pepper last week increased by 298 USD/ton, to 10,068 USD/ton.

Notably, the price of Brazilian ASTA 570 black pepper increased sharply by 4.6% (equivalent to 300 USD/ton) last week, reaching 6,800 USD/ton. Meanwhile, the price of Malaysian black pepper remained stable at 9,000 USD/ton.

Meanwhile, the price of Vietnamese black pepper remains at the lowest level of 6,500 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l. Traders buy Vietnamese white pepper at a lower price than other markets at 9,550 USD/ton.

Currently, local farmers are focusing on harvesting pepper. However, pepper productivity in some areas is forecast to decrease due to weather effects.

Lush green 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 17, 2025 as follows: the market remains stable and anchored at a high level.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,294 USD/ton; Muntok white pepper is currently purchased at 10,068 USD/ton.

The Malaysian pepper market continues to remain stable and is anchored 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 remained stable compared to the previous increase, currently purchasing at 6,800 USD/ton.

The export market for Vietnamese pepper continues to be stable and slightly decreasing. 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; the price of white pepper is at 9,550 USD/ton.

Update world pepper prices today February 17, 2025

The International Pepper Community (IPC) forecasts that global pepper production will continue to decline in 2025, especially in Vietnam and Brazil – the world’s two largest pepper exporting countries. The community estimates that world pepper production will decrease by about 4%, equivalent to 22,000 tons. IPC assesses that this decline in production could push pepper prices on the world market up this year.

Source: https://congthuong.vn/gia-tieu-hom-nay-1722025-trong-nuoc-duy-tri-on-dinh-374062.html