Pepper price today January 27, 2025, stable in the country, sideways

Pepper price today January 27, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price January 27.

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on January 27, 2025 as follows: The domestic pepper market on the third day of the Lunar New Year holiday of At Ty 2025 tends to move sideways, stable compared to the previous trading session.

Specifically, today's pepper price in Gia Lai province remains stable and is purchased at 147,500 VND; pepper price in Ba Ria - Vung Tau province continues to maintain a high price, currently the purchase price is 147,000 VND/kg; similarly, pepper price in Binh Phuoc remains stable compared to the previous trading session, currently the pepper purchase price is 147,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong are currently at a fairly high level, with the current pepper purchase price in these two localities at 148,200 VND/kg.

Domestic pepper price updated on January 27, 2025

According to the latest statistics just released by the Vietnam Pepper and Spice Association (VPSA), in 2024, our country exported 250,600 tons of pepper of all kinds, reaching nearly 1.32 billion USD. Compared to 2023, the export volume decreased by 5.1%, but the export turnover increased dramatically by 45.4%.

According to Ms. Hoang Thi Lien - President of VPSA, up to now, Vietnamese pepper is very famous in the world market. Our country is the largest pepper producer in the world with 40% of output, exported to 110 countries and territories.

Currently, Vietnam's pepper processing technology is not inferior to any competitor in the world. Pepper products of Vietnamese enterprises have reached the standards of the market, including demanding and specific markets such as the EU, UAE...

People in Dak Nong province take care of their pepper gardens.

According to VPSA, in 2024, Europe warned 77 cases of pepper and spices imported from markets, down 2 cases compared to 2023. Specifically, 8 cases of pepper, 35 cases of chili, 12 cases of cinnamon, 5 cases of ginger, 8 cases of nutmeg.

Of which, Vietnam recorded the highest number of warnings with 21 cases, a 7-fold increase compared to 2023. Chili is the product with the most warnings with 11 warnings; cinnamon has 7 warnings, of which 3 are about lead residues; pepper has 1 warning about Salmonella bacteria. After Vietnam is India with 16 cases, Indonesia has 8, China has 4...

Not only in Europe, the US market also detected 15 warning cases related to Vietnamese spices, including 6 warnings for cinnamon, tripled compared to 2 cases in 2023.

Green, fruit-laden pepper fields 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 27, 2025 as follows: the pepper market continues to be stable and is anchored at a high level.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,157 USD/ton; similarly, Muntok white pepper is currently purchased at 9,456 USD/ton.

The Malaysian pepper market continues to remain stable and 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.

Pepper prices in Brazil have stabilized after many previous declines. Currently, the pepper purchase price in Brazil is at 6,150 USD/ton.

The export market for Vietnamese pepper continues to be stable and slightly increasing. Specifically, the export price of Vietnamese 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 27, 2025

Some say that in Vietnam, a large amount of pepper is in the hands of speculators. These people use money from taking profits from other agricultural products that have just experienced a surge in prices such as coffee, durian, etc. to buy pepper. Thus, it is not easy to buy pepper at low prices even when the peak harvest is taking place.

VPSA believes that Vietnam’s pepper exports in 2025 will face both opportunities and uncertainties. Stable market demand and reduced output in some regions will help maintain high pepper prices. However, the extent of price increases will depend on the purchasing speed of major markets such as the US and China.

Source: https://congthuong.vn/gia-tieu-hom-nay-2712025-trong-nuoc-on-dinh-di-ngang-371335.html