Pepper price today February 23, 2025, domestic price returns to upward trend

Pepper price today February 23, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price on February 23.

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on February 23, 2025 as follows: Domestic pepper prices fluctuated continuously and increased slightly compared to the previous decrease, an increase of 1,000 VND/kg; many localities remained stable and anchored at a high level. Currently, the average pepper purchase price in key areas is 160,800 VND/kg.

Specifically, pepper prices today in Gia Lai province suddenly increased again after the previous decrease, an increase of 1,000 VND/kg, currently the pepper purchasing price in this locality is at 160,000 VND/kg.

Similarly, pepper prices in Dak Lak and Binh Phuoc provinces also increased by VND1,000/kg, currently the prices that traders buy pepper in these two localities are VND162,000/kg and VND160,000/kg, respectively.

Pepper prices in Ba Ria - Vung Tau fluctuate little and are stable, currently at 160,000 VND/kg. Pepper prices in Dak Nong province are high at 162,000 VND/kg.

Domestic pepper price updated on February 23, 2025

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

In the first months of 2025, the US and Germany took the lead in Vietnam's pepper consumption, with imported pepper reaching 2,829 tons and 1,326 tons, respectively. However, the Chinese market has not shown signs of strong recovery, causing pepper exports to not have a significant improvement.

VPSA also 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 Gai Lai province dry pepper after harvest.

According to statistics, Gia Lai province currently has about 7,500 hectares of pepper, with an average yield of about 3.5 tons/ha. Recently, pepper prices have increased, along with relatively stable yields, so farmers are very excited.

However, despite the sharp increase in pepper prices, pepper growing areas have decreased significantly over the past decade. The reason is believed to be that pepper was previously susceptible to disease and farmers have switched to other crops such as coffee and durian, which are more economically efficient.

According to experts, although the increase in pepper prices has helped Gia Lai farmers improve their income, they should not expand their acreage massively but should focus on improving product quality. The pepper market is cyclical, the current high price is an opportunity but also poses risks if production is not sustainable. Farmers need to apply organic farming, control diseases and cooperate with businesses to ensure stable output.

Lush green pepper gardens are grown in Gia Lai province.

World pepper price today

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on February 23, 2025 as follows: the market is vibrant, many countries maintain quite high levels after previous strong increases such as Malaysia and Indonesia.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,287 USD/ton; Muntok white pepper is currently purchased at 10,127 USD/ton.

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 and the price of ASTA white pepper is at 12,000 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 23, 2025

Vietnam's total pepper export turnover in 2024 will reach 1.32 billion USD, with a total export volume of up to 250,600 tons. This is a record number so far, reflecting the strong growth trend of the industry. Pepper prices are forecast to continue to increase this year due to reduced output and demand exceeding supply capacity.

Source: https://congthuong.vn/gia-tieu-hom-nay-2322025-trong-nuoc-tro-lai-xu-huong-tang-375142.html