Pepper price today 2/1/2025: Calm as a cucumber
Today's domestic pepper price, February 1, is at 147,000 - 148,200 VND/kg. The market remains calm during the Tet holiday week despite coffee prices reaching an all-time high.
Domestic pepper price today
The highest pepper purchase price in key pepper growing areas (Dak Lak, Lam Dong, Gia Lai, Dak Nong, Ba Ria - Vung Tau, Binh Phuoc) was recorded at 148,200 VND/kg.
Specifically, in Dak Nong province, pepper price is at 148,200 VND/kg. Unchanged compared to yesterday.
In Gia Lai, pepper price is 147,500 VND/kg. Unchanged compared to yesterday.
In Dak Lak, pepper price is 148,200 VND/kg. Unchanged compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 147,000 VND/kg. Unchanged compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 147,000 VND/kg. Unchanged compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 147,000 VND/kg.
Both Vietnamese and international markets were flat during the Lunar New Year holiday in the world's largest pepper producer.
Meanwhile, Robusta coffee prices rose 2.2% this week to $5,734 a tonne, hitting an all-time high. Farmers in Vietnam, the world’s largest producer of Robusta, are holding back sales in anticipation of further price increases, while trade and shipping are expected to slow in late January due to the Lunar New Year holiday.
The Vietnam Pepper and Spice Association said that the impact of climate change in 2024 will partly affect pepper production. However, some areas in the provinces recorded favorable weather conditions.
In Dak Nong, the capital of Vietnam’s pepper, output was recorded at the same level as last year. Production in some areas in the remaining key provinces such as Gia Lai, Binh Phuoc, Dong Nai and Ba Ria - Vung Tau also showed positive trends as pepper prices increased, so farmers boldly invested in caring for and restoring existing pepper gardens.
Meanwhile, in Dak Lak province, the province with the second largest pepper area and output, it is estimated that it has decreased as people switch to growing durian and there are not many new plantings.
World pepper price today
In the world market, based on quotes from export enterprises and export prices in countries, the International Pepper Association (IPC) has updated pepper prices of all types traded in the international market on February 1 (local time) as follows:
The price of Indonesian Lampung black pepper increased slightly compared to yesterday, reaching 7,165 USD/ton (up 0.11%). In addition, the price of Muntok white pepper also increased sharply compared to yesterday, reaching 9,672 USD/ton (up 2.23%).
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $6,150/mt.
Malaysia's ASTA black pepper price is stable compared to yesterday at 9,000 USD/ton. In addition, the country's ASTA white pepper price is also stable compared to yesterday at 11,600 USD/ton.
Prices of all types of pepper in Vietnam remained unchanged compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 6,350 USD/ton; 550 gr/l reached 6,650 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at $9,550/ton.
