Pepper price today February 7, 2025, domestic price continues to increase

Pepper price today February 7, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 7.

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on February 7, 2025 as follows: The domestic pepper market is bustling, continuing to increase compared to the previous trading session, increasing from 1,000 - 2,000 VND/kg depending on the locality; domestic pepper prices have climbed to 153,000 VND/kg. Currently, the average pepper purchase price in key areas is 152,200 VND/kg.

Specifically, today's pepper price in Gia Lai province continued to increase by 1,000 VND/kg compared to the previous trading session, currently pepper is purchased at 151,000 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc provinces increased by VND2,000/kg and the current pepper purchase price in these two localities is VND152,000/kg.

The pepper purchase price in Dak Lak also increased by 2,000 VND, currently the pepper purchase price in this locality reaches 153,000 VND/kg.

Pepper price in Dak Nong province increased by 1,500 VND/kg compared to the previous trading session, currently the pepper purchasing price in this locality is at 153,000 VND/kg.

Domestic pepper price updated on February 7, 2025

Currently, according to records, farmers in Dak Nong province are harvesting pepper. Compared to the same period in 2024, this year's pepper price has many positive signs, making people excited and hopeful for a bumper crop.

This year, the unstable weather has led to a decrease in pepper output and uneven ripening. To ensure quality, most farmers in Dak Nong province have just started harvesting after the Tet holiday. Although productivity has decreased somewhat, pepper prices are showing many positive changes, bringing joy and great expectations to farmers, opening up prospects for a successful crop.

According to the Vietnam Pepper and Spice Association (VPSA), instead of massively expanding pepper growing areas, Vietnamese pepper farmers are now focusing on improving product quality, applying sustainable farming methods and combining intercropping to reduce costs, while better adapting to the impacts of climate change.

Farmers in Dak Nong province harvest pepper

Experts predict that global pepper supply will not be enough to meet increasing consumption demand, causing prices to increase sharply from 2025, opening up development opportunities for the industry.

This reflects the fact that pepper is no longer the main crop of many farmers, especially in the context of the significant increase in economic value of other crops such as durian, coffee and oil palm. In addition, climate change with extreme weather events has reduced productivity and increased the cost of maintaining pepper production.

Contrary to the strong increasing trend from the US and EU, Vietnam's pepper exports to the Chinese market in 2024 fell to the lowest level in the past 9 years.

Green pepper plants 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 February 7, 2025 as follows: the pepper market is bustling, pepper prices have increased again compared to the previous trading session. In particular, pepper prices in Brazil continued to increase by 100 USD/ton; other countries remained at a high level.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,283 USD/ton; similarly, Muntok white pepper is currently purchased at 9,780 USD/ton compared to the previous trading session.

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 alone increased by 100 USD/ton; the current purchase price is 6,400 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 6,500 USD/ton for 500 g/l; 550 g/l is at 6,650 USD/ton; and the price of white pepper is at 9,550 USD/ton.

Update world pepper prices today February 7, 2025

In 2024, Vietnam exported 250,600 tons of pepper of all kinds. Of which, black pepper reached 220,269 tons and white pepper reached 30,331 tons. Total export turnover reached over 1.3 billion USD; of which black pepper contributed 1.12 billion USD and white pepper reached 200 million USD.

Source: https://congthuong.vn/gia-tieu-hom-nay-722025-trong-nuoc-tiep-tuc-tang-cao-372612.html