Pepper price today February 22, 2025, domestic price decreased, world price increased sharply

Pepper price today February 22, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 22.

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on February 22, 2025 as follows: Domestic pepper prices turned to decrease, the decrease was from 1,000 - 1,500 VND/kg (average decrease of 900 VND/kg) compared to yesterday's trading session. Currently, the average pepper purchase price in key areas is 160,200 VND/kg.

Specifically, today's pepper price in Gia Lai province turned down, down 1,000 VND/kg, currently the local pepper purchase price is at 159,000 VND/kg.

Similarly, pepper prices in Dak Lak and Binh Phuoc provinces also decreased by 1,000 VND/kg, currently traders are purchasing pepper in these two localities at 161,000 VND/kg and 159,000 VND/kg, respectively.

Pepper prices in Ba Ria - Vung Tau remained stable compared to the previous trading session, currently the local pepper purchase price is 160,000 VND/kg.

Pepper prices in Dak Nong province also decreased by VND 1,500/kg compared to the previous trading session, currently pepper is purchased at VND 162,000/kg.

Giá tiêu hôm nay 22/2/2025, trong nước quay đầu giảm

Domestic pepper price updated on February 22, 2025

According to information from the Vietnam Pepper and Spice Association (VPSA), in the first half of February 2025, Vietnam successfully exported 7,535 tons of pepper, with a total turnover of 51.5 million USD.

The US and Germany are the leading consumers of Vietnamese pepper, with imports reaching 2,829 tons and 1,326 tons, respectively. However, the Chinese market has yet to show signs of a strong recovery, causing pepper exports to not see a significant improvement.

However, VPSA believes that the outlook for the global pepper market in 2025 will continue to be positive. Pepper output is forecast to decrease amid extreme weather conditions affecting productivity in many countries. This creates opportunities for the pepper export industry, especially in the Chinese market, which, despite low pepper imports from Vietnam in 2024, is expected to see increased demand as soon as Vietnam enters its main harvest season.

Farmers in Dak Nong province harvest pepper

On the other hand, in the first half of February 2025, Vietnam imported 1,297 tons of pepper, worth 5.9 million USD. Indonesia is the main pepper supplier to Vietnam, with 868 tons, accounting for 66.9%, followed by Brazil with 300 tons, accounting for 23.1%. Pearl Group, Ptexim Corp and Harris Spice are the 3 main importers, with 137 tons, 125 tons and 109 tons, respectively.

Experts say that the supply of pepper in the global market is currently in short supply, while demand remains stable or continues to grow. Pepper prices are forecast to continue to increase this year due to reduced output and demand exceeding supply.

Pepper plantations 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 22, 2025 as follows: the market is vibrant again and increasing strongly, in which pepper prices in Malaysia increased from 400 - 500 USD/ton; pepper prices in Indonesia increased from 20 - 27 USD/ton compared to the previous trading session.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,287 USD/ton (up 20 USD/ton); Muntok white pepper is currently purchased at 10,127 USD/ton (up 27 USD/ton) compared to the previous trading session.

The Malaysian pepper market suddenly increased sharply compared to previous flat sessions. Currently, the price of Malaysian ASTA black pepper is purchased at 9,500 USD/ton (up 500 USD/ton) and the price of ASTA white pepper is at 12,000 USD/ton (up 400 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.