Pepper price today January 6, 2025, highest in the country 150,000 VND/kg

Domestic pepper prices today

Today's pepper price was updated at 4:30 a.m. on January 6, 2025 as follows: After many price increases, the market has stabilized, but is still at a high level, in which Dak Nong province recorded 150,000 VND/kg; other localities increased slightly. Currently, the average pepper purchase price in localities is 148,800 VND/kg.

Specifically, the pepper price today in Dak Nong province is currently at 150,000 VND/kg; pepper price in Dak Lak province is currently at 149,000 VND/kg; pepper price in Binh Phuoc is at 148,000 VND/kg; pepper price in Gia Lai is at 148,000 VND/kg; pepper price in Ba Ria - Vung Tau is still at 149,000 VND/kg.

Domestic pepper prices updated on January 6, 2025

Experts say that in 2024, despite the fluctuations in the world economy , businesses will be affected by logistics costs, price fluctuations and competition from other producing countries. However, the Vietnamese pepper and spice industry will still achieve impressive growth. In particular, the pepper industry will return to the billion-dollar export group after many years of stagnation.

According to data from the Import-Export Department (Ministry of Industry and Trade), in 2024, Vietnam's pepper exports are estimated to reach 250,000 tons of pepper, with a turnover value of more than 1.3 billion USD, down 6.1% in volume but up 44.7% in value compared to 2023. This is also the highest export value of the pepper industry since 2017.

However, the Vietnamese pepper industry is currently facing many challenges such as unfavorable weather, high production costs and diseases, while the pepper growing area is decreasing due to the conversion of crop structure.

Pepper harvest of farmers in Dak Nong province

Based on factors such as high production costs, unfavorable weather, reduced supply, increased consumption demand... pepper traders predict that the pepper market will continue to increase in major localities, especially in areas with high purchasing demand such as Dak Nong, Ba Ria - Vung Tau, and Dak Lak. The increase may range from 500 - 1,500 VND/kg depending on the region, helping domestic pepper prices maintain competitiveness in the international market.

It is forecasted that in 2025, major markets such as China, the US and the EU will continue to increase imports. China imported 9,677 tons of pepper in the first 11 months of 2024, a sharp increase in volume and value. Global pepper prices remain high due to reduced supply and increased demand, especially in the US, where black pepper prices peaked at $8,693/ton in June 2024.

Lush green pepper gardens in Dak Nong province

World pepper prices today

Update on world pepper prices from the International Pepper Association (IPC) at 4:30 a.m. on January 6, 2025 as follows: After many exciting sessions, the world pepper market has stabilized again and is anchored at a fairly high level.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,832 USD/ton, similar to the price of Muntok white pepper purchased at 8,940 USD/ton.

The Malaysian pepper market remains high, currently the price of Malaysian ASTA black pepper is purchased at 8,600 USD/ton compared to the previous trading session; the price of ASTA white pepper is at 10,900 USD/ton.

The Brazilian pepper market is stable, with little fluctuation compared to the previous trading session, currently at 6,325 USD/ton.

The export price of Vietnamese black pepper is stable, increasing slightly, currently reaching 6,400 USD/ton for 500 g/l and 6,700 USD/ton for 550 g/l; the price of white pepper is high at 9,600 USD/ton.

Update world pepper prices today January 6, 2025

In 2024, with many fluctuations in the market, Dak Nong's export activities have made efforts to overcome difficulties and reach a new milestone. In particular, black pepper accounts for a large proportion of the province's export turnover.

Currently, Dak Nong province's pepper is being exported to major markets such as Singapore, Africa, China, Australia, Canada, UK, New Zealand... In 2024, the province's pepper export turnover will reach 90 million USD, an increase of 48.8% over the same period last year.

Currently, Dak Nong ranks first in the Central Highlands region and the whole country in terms of pepper growing area, and second in output in the country (after Dak Lak province).

Source: https://congthuong.vn/gia-tieu-hom-nay-612025-trong-nuoc-cao-nhat-150000-dongkg-368057.html