Today's pepper prices (February 2nd, 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 2nd, 2025, are as follows: The domestic pepper market maintains a stable trend, with little fluctuation and remaining 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 average pepper price in key markets is 147,600 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 2, 2025. |
According to statistics from the Vietnam Pepper and Spice Association (VPSA), pepper export turnover in 2024 reached US$1.3 billion, an increase of more than 45% compared to 2023, exceeding the expectations of Vietnamese pepper processing businesses and contributing to bringing pepper back to the list of billion-dollar agricultural export products.
Experts predict that global pepper production will continue to decline in 2025, marking the fourth consecutive year of decrease. This decline reflects the fact that pepper is no longer a staple crop for many farmers, while climate change and extreme weather events reduce yields and increase production costs. However, pepper prices in Vietnam remain stable at around 140,000 - 150,000 VND/kg, thanks to stable demand from major markets such as the US and Europe.
China, despite reducing pepper imports from Vietnam in 2024, faces low inventory levels and is projected to resume purchases after the Lunar New Year, when Vietnam's main harvest begins. Brazil's pepper production is forecast to recover, while Indonesia and India may see reduced output due to weather conditions and investment difficulties, leading many Vietnamese farmers to limit investment in pepper cultivation.
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| Farmers in Dak Nong province tend to their pepper gardens. |
The International Pepper Association (IPC) predicts a positive outlook for the pepper market in the last week of January, with no countries reporting price declines. Indian pepper prices, both domestically and internationally, continued their upward trend from the previous week.
According to the Nam Yang Cooperative (Gia Lai), after learning from experience, instead of choosing to cultivate pepper as a monoculture, people are now focusing on intercropping and polyculture models with coffee and fruit trees.
Developing pepper cultivation through intercropping and polyculture will be sustainable, helping farmers reduce investment costs and limit disease risks, moving towards safe agriculture. Farmers will avoid excessive use of pesticides and chemical fertilizers, instead using biological products and organic fertilizers to ensure the longevity of their crops and improve the quality of their pepper products for the global market.
Today's world pepper prices
According to the International Pepper Association (IPC) at 4:30 AM on February 2, 2025, the world pepper price update is as follows: the pepper market remains stable and is anchored at a relatively high level.
Specifically, IPC lists the price of Indonesian Lampung black pepper at $7,165 per ton; similarly, Muntok white pepper is currently being purchased at $9,672 per ton.
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 2nd, 2025 |
China experienced significant fluctuations in its imports of Vietnamese pepper in 2024. Specifically, China shifted its focus to increasing imports of Indonesian pepper, reaching a 76.8% increase, while imports of Vietnamese pepper decreased by as much as 82%.
Source: https://congthuong.vn/gia-tieu-hom-nay-222025-trong-nuoc-giu-xu-huong-binh-on-371861.html
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