Pepper price today April 24, 2025, domestic market 'hits the peak'

Domestic pepper price today - continues to "hit the peak", anchored at a high level

Today's pepper price was updated at 4:30 a.m. on April 24, 2025 as follows: The domestic pepper market continues to "swing at the top" at high prices and has tended to move sideways in recent sessions. Currently, the average pepper purchase price in key areas is 154,400 VND/kg.

Specifically, today's pepper price in Gia Lai province remained stable compared to yesterday's trading session, currently the pepper purchasing price in this locality is at 154,000 VND/kg.

Pepper prices in Ba Ria - Vung Tau continue to stabilize compared to the previous trading session, currently pepper is purchased at 154,000 VND/kg.

Pepper prices in Binh Phuoc are stable and have little fluctuation. Currently, the pepper purchasing price in this locality is also at 154,000 VND/kg.

Dak Nong and Dak Lak pepper prices are stable compared to yesterday. Currently, the pepper purchase price in these two localities is at 155,000 VND/kg.

Giá tiêu hôm nay 24/4/2025, thị trường trong nước 'đu đỉnh'

Domestic pepper prices updated on the morning of April 24, 2025

Pepper prices have remained stable and high in recent times, the reason being limited supply, increased demand and prolonged drought in key growing areas such as the Central Highlands and the Southeast, raising concerns about the possibility of reduced productivity in the coming crop.

Experts say that this year pepper prices have remained high while the main harvest season is taking place in large numbers, which is rare in recent years.

Pepper traders said that unlike previous years, when pepper prices often plummeted during the harvest period due to oversupply, this year farmers are hoarding their products and only selling when needed. They are not under great financial pressure, so they are able to keep prices stable, helping to reduce market fluctuations.

Farmers in Gia Lai province harvest pepper.

The Vietnam Pepper and Spice Association (VPSA) believes that in the coming time, pepper prices will face challenges including high domestic prices pushing costs close to the ceiling, while the US tax policy can suddenly reverse, making signing long-term contracts potentially risky.

According to VPSA data, Vietnam's pepper exports to the Chinese market in the first quarter increased by 87.8% over the same period last year, reaching 2,034 tons. However, compared to the same period in 2023, the import volume was still 92.2% lower.

China has risen to the fourth position as Vietnam's largest pepper export market with its market share increasing to 4.3% from 1.9% in the same period. This shows that pepper reserves in China have reached a low level.

Pepper gardens grown in Gia Lai

World pepper prices today - mixed up and down.

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on April 24, 2025 as follows: the pepper market maintains a sideways trend. However, pepper prices in Indonesia have fluctuated between increases and decreases; pepper prices in other countries are stable.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,104 USD/ton; similarly, Muntok white pepper is currently purchased at 9,614 USD/ton.

The Malaysian pepper market is stable and sideways. Currently, the price of Malaysian ASTA black pepper is purchased at 9,600 USD/ton and the price of ASTA white pepper is at 12,100 USD/ton.

Pepper prices in Brazil remained unchanged compared to yesterday's increase, currently at $6,900/ton.

The Vietnamese pepper market is flat and stable compared to the previous high session. Currently, the export price of Vietnamese black pepper is at 6,800 USD/ton for 500 g/l; 550 g/l is at 6,900 USD/ton and the price of white pepper is at 9,800 USD/ton.

Update world pepper prices on the morning of April 24, 2025

Currently, pepper exports to China are still limited due to the Chinese Customs' policy of tightening border exports. Meanwhile, in the case of exporting pepper by sea, the cost is high, and Chinese importers are not yet ready.

Tuan My

Source: https://congthuong.vn/gia-tieu-hom-nay-2442025-thi-truong-trong-nuoc-du-dinh-384576.html