Pepper price today January 19, 2025, highest in the country 146,000 VND/kg

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on January 19, 2025 as follows: The domestic pepper market fluctuated little, was stable and remained unchanged compared to the previous trading session. Currently, the pepper purchase price in key markets fluctuated between 145,000 - 146,000 VND/kg; the average pepper price was 145,500 VND/kg.

Specifically, pepper prices today in Gia Lai and Binh Phuoc provinces fluctuated little compared to the previous trading session. Currently, pepper prices in these two localities are purchased at 145,000 VND/kg.

Similarly, pepper prices in Ba Ria – Vung Tau and Dak Nong provinces continue to remain stable and at a fairly high level. Currently, the purchase price in these two provinces is at 146,000 VND/kg.

Pepper prices in Dak Lak, after a slight increase, have also leveled off compared to the previous trading session. Currently, pepper prices are purchased at 145,500 VND/kg.

Domestic pepper prices updated on January 19, 2025

According to the Vietnam Pepper and Spice Association (VPSA), the impact of climate change in 2024 will partly affect pepper production of farmers in key pepper growing areas. However, some areas of the provinces recorded favorable weather conditions.

In Dak Nong province, the capital of Vietnam’s pepper, output was recorded at the same level as the previous year. Production in some areas in the remaining key provinces such as Gia Lai, Binh Phuoc, Dong Nai and Ba Ria – Vung Tau also showed positive trends as pepper prices increased, so farmers boldly invested in caring for and restoring existing pepper gardens.

Meanwhile, in Dak Lak province, the province with the second largest pepper area and output, it is estimated that the area and output will decrease as people switch to growing durian trees and there are not many new plantings. It is expected that farmers will not start harvesting pepper until after the Lunar New Year of At Ty 2025 and this will last until the end of April 2025.

Farmers in Dak Nong province harvest pepper

According to VPSA statistics, domestic pepper prices in the last 3 months of 2024 did not fluctuate much and remained at an average of 140,000 to 150,000 VND/kg.

Compared to the beginning of the year, domestic prices of black pepper increased by 75.6% and white pepper increased by 68.8%, similarly, export prices also increased by 30.7% for black pepper and 28.6% for white pepper. This is a positive signal, contributing to increasing farmers' income and encouraging sustainable production.

In 2024, China will reduce pepper imports from Vietnam by 82.4% but increase imports from Indonesia by 76.8%. However, this increase in imports is still not enough to meet total consumption demand in China. Pepper inventories in this market are low, while expectations of a price decrease have not come true as prices have remained stable at VND140,000/kg for the past 3 months. It is forecasted that China will probably wait until Vietnam's main harvest (after Tet) to start buying again.

Lush green pepper gardens 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 January 19, 2025 as follows: The world pepper market maintained a high price, with little fluctuation compared to the previous trading session.

Specifically, IPC listed the price of Indonesian Lampung black pepper after many sessions of increase and decrease, has stabilized and remained unchanged, currently the price is at 7,113 USD/ton, similar to the price of Muntok white pepper purchased at 9,193 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.

Similarly, the Brazilian pepper market continues to hold at a fairly high level, currently at 6,350 USD/ton.

Vietnam's pepper export market is stable and has decreased relatively. 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 19, 2025

Vietnam and Brazil will maintain their positions as the world's two largest pepper exporters in 2024. However, Indonesia has emerged as a significant supplier, especially when Vietnam and Brazil suffered crop failures last year.

The International Pepper Community commented that the pepper market in the third week of 2025 showed mixed reactions. Both domestic and international prices of Indian pepper were stable. Despite the weakening of the Indonesian Rupiah against the US dollar (IDR 16,322 to USD 1), both domestic and international pepper prices recorded positive results.

Source: https://congthuong.vn/gia-tieu-hom-nay-1912025-trong-nuoc-cao-nhat-146000-dongkg-370235.html