Pepper price today January 7, 2025, domestic stable high level

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on January 7, 2025 as follows: With a series of price increases, the domestic market has stabilized, but prices are still high, of which Dak Nong province recorded 150,000 VND/kg. 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; the pepper price in Dak Lak province is currently at 149,000 VND/kg; the pepper price in Binh Phuoc is at 148,000 VND/kg and the pepper price in Ba Ria - Vung Tau is still at 149,000 VND/kg. In particular, the pepper price in Gia Lai has increased slightly again, currently at 148,500 VND/kg.

Domestic pepper price updated on January 7, 2025

According to experts, the sharp increase in pepper prices in the first week of the new year 2025 is a positive signal for the Vietnamese pepper industry, especially in the context of low inventories and increasing demand from major markets such as the US, EU, and China.

With limited supply and high demand, pepper prices are forecast to continue to increase in the coming time. The expected increase ranges from 500 - 1,500 VND/kg in some areas, especially in localities with active purchasing activities such as Dak Nong, Ba Ria - Vung Tau, and Dak Lak .

In Dak Nong, in 2024, despite many fluctuations in the market, local export activities have made efforts to overcome difficulties and reach new milestones. Dak Nong's black pepper accounts for a large proportion of the province's total export turnover. Currently, this item is being exported to major markets such as Singapore, Africa, China, Australia, Canada, UK, and New Zealand.

Farmers in Dak Nong province harvest pepper

By the end of 2024, Vietnam had exported a total of 250,600 tons of pepper of all kinds, of which black pepper reached 220,269 tons and white pepper reached 30,331 tons. The total export turnover reached 1.32 billion USD, including black pepper 1.117 billion USD, white pepper 200.6 million USD. Compared to 2023, the export volume decreased by 5.1%, but the turnover increased by 45.4%.

According to preliminary data from the Vietnam Pepper and Spices Association (VPSA), Vietnam's pepper exports of all kinds in December 2024 are estimated at 15,265 tons, worth 100.6 million USD, down 4.3% in volume and 5.5% in value compared to the previous month.

The average export price of black pepper in December 2024 reached 6,476 USD/ton, white pepper reached 8,198 USD/ton, down 0.6% for black pepper and 1.1% for white pepper compared to November 2024.

Fruit-laden pepper gardens of Dak Nong province people

World pepper price today

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on January 7, 2025 as follows: The world pepper market increased slightly and stabilized at a fairly high level. In particular, pepper prices in Indonesia increased slightly again, increasing from 10 - 13 USD/ton.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,842 USD/ton (up 10 USD/ton) compared to the previous trading session, similarly, the price of Muntok white pepper was purchased at 8,953 USD/ton (up 13 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 7, 2025

The US is Vietnam's largest pepper export market in 2024, reaching 72,311 tons, up 33.2% compared to 2023 and accounting for 28.9% of the market share. This is also the highest export volume ever to this market, up 21% compared to the previous record of 59,778 tons achieved in 2021.

Next are the markets: UAE: 16,391 tons, up 35.1%, accounting for 6.5%; Germany: 14,580 tons, up 58.2%, accounting for 5.8%, Netherlands: 10,745 tons, up 35.2%, accounting for 4.3%; India: 10,617 tons, down 17.1%, accounting for 4.2%.

Source: https://congthuong.vn/gia-tieu-hom-nay-712025-trong-nuoc-on-dinh-muc-cao-368266.html