Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on January 3, 2025 as follows: Domestic pepper prices are mostly anchored at a fairly high level compared to the previous trading session; in addition, pepper prices in Gia Lai province have increased slightly again.
Specifically, pepper prices in Gia Lai today, after a slight decrease in the previous session, have increased again, an increase of 500 VND/kg, currently the local purchase price is 146,500 VND/kg. Similarly, pepper prices in localities such as Binh Phuoc , Ba Ria - Vung Tau, Dak Nong, Dak Lak provinces have been stable, continuing to stay at a fairly high level for many days and are currently purchased at the same price in all localities at 147,000 VND/kg.
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| Domestic pepper price updated on January 3, 2025 |
Experts believe that pepper prices will continue to increase in 2025 due to factors such as reduced global supply, high transportation costs and interest rate cuts from the US Federal Reserve (FED), which could stimulate consumption demand in major markets such as the US and EU.
Although Vietnam exported 250,000 tons of pepper worth $1.3 billion in 2024, the highest level since 2017, the pepper industry still faces difficulties such as unfavorable weather, rising production costs and the risk of disease. In addition, some farmers have switched to other crops with higher profits such as durian and coffee, causing the pepper growing area to decrease.
According to data from the China Customs Administration, in the first 11 months of 2024, China imported 9,677 tons of pepper worth 54.4 million USD, up 15.1% in volume and 42.1% in value compared to the previous year. Of which, Indonesia was the main supplier with 5,141 tons, accounting for 56.2% of the market share, while Vietnam supplied 3,021 tons, accounting for 31.2% of the market share, in total these two countries accounted for 87.5% of China's pepper imports.
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| Taking care of pepper gardens of farmers in Duc Trong district, Lam Dong province |
The Cambodia Pepper and Spices Federation (CPSF) said the agreement on pepper export protocol to China has boosted Cambodia's pepper industry and is expected to bring an important market for pepper growers in the country.
According to the CPSF, Cambodia’s pepper exports to China are expected to increase sharply by 2025 as many export companies are stepping up efforts to penetrate this market. Currently, the pepper growing area in Cambodia reaches nearly 7,000 hectares with an average output of over 18,000 tons.
Vietnam is Cambodia’s largest pepper consumer market. In addition, the country also exports geographically indicated (GI) pepper from Kampot to countries in the European Union.
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| Pepper is grown in Duc Trong district, Lam Dong. |
World pepper price today
Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on January 3, 2025 as follows: The world pepper market continues to remain stable, except in Indonesia, after the previous increase, it has decreased again, the decrease is from 33 - 44 USD/ton.
Specifically, IPC listed the price of Indonesian Lampung black pepper as fluctuating down compared to the previous trading session, currently at 6,824 USD/ton (down 33 USD/ton), similarly, the price of Muntok white pepper was purchased at 8,929 USD/ton (down 44 USD/ton).
The Brazilian pepper market is stable, with little fluctuation compared to the previous trading session, currently at 6,325 USD/ton.
Malaysian ASTA black pepper price is purchased at 8,500 USD/ton; ASTA white pepper price is at 10,700 USD/ton.
The export price of Vietnamese black pepper is stable, slightly decreasing, 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.
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| Update world pepper prices today January 3, 2025 |
Experts assess that the pepper market in Southeast Asia is currently stable; Indonesia has seen an increase in black pepper prices, while white pepper has remained stable. Malaysia has not seen major fluctuations in domestic pepper prices, but exports have increased.
IPC said that the spot price of black pepper in the US has increased over the past five years, averaging $4,953/ton. It peaked in June 2024 at $8,693/ton, and in November 2024 at $6,944/ton, up 40% year-on-year. The price of white pepper in the US has also increased, reaching $8,661/ton in November 2024, up 38% year-on-year.
Source: https://congthuong.vn/gia-tieu-hom-nay-ngay-312025-trong-nuoc-tang-nhe-367617.html
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