Pepper price today January 11, 2025: No change compared to the previous day
Today's domestic pepper price, January 11, is at 147,000 - 149,000 VND/kg. No change compared to the previous day. Vietnam's pepper export price decreased slightly compared to yesterday.
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 149,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 148,000 VND/kg. Unchanged compared to yesterday.
In Gia Lai, pepper price is 147,000 VND/kg. Unchanged compared to yesterday.
In Dak Lak, pepper price is 147,000 VND/kg. Unchanged compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 149,000 VND/kg. Unchanged compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 149,000 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.
It is estimated that the amount of pepper available for export in January and February 2025 will be very limited, putting great pressure on current inventories, as the main harvest will begin in March or April. This year's crop is expected to arrive later than usual due to climate change.
The pepper market is generally quiet with low trading volume. Farmers, dealers and exporters are limiting transactions and continuing to stockpile in the expectation that prices will increase rapidly after the upcoming Lunar New Year holiday.
This year's main harvest is expected to start late, around March-April, due to the impact of climate change, putting pressure on existing inventories.
World pepper price today
In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Community (IPC) has updated the prices of pepper of all types traded in the international market on January 11 (local time) as follows:
Indonesian Lampung black pepper prices remained unchanged from yesterday at $6,838/ton. Meanwhile, Muntok white pepper prices remained unchanged from yesterday at $8,949/ton.
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 6,350/ton (up 0.39%).
The price of Malaysian ASTA black pepper increased slightly compared to yesterday, currently at 8,700 USD/ton (up 1.15%). In addition, the price of ASTA white pepper of this country also remained the same compared to yesterday, reaching 11,100 USD/ton (up 1.8%).
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.
Brazil is currently the world’s second largest producer and exporter of black pepper, accounting for 17-18% of global supply. However, Brazil’s pepper exports in the 2024 crop year are expected to decline sharply, marking a three-year decline, due to low output due to the impact of El Nino.
According to data from the Brazilian State Center for Foreign Trade Statistics (Comex Stat), the country's pepper export volume in December 2024 reached 4,374 tons, down 41% compared to the same period in 2023 and marking a decline for the 6th consecutive month.
With this result, Brazil's pepper exports in 2024 will only reach 61,665 tons, a sharp decrease of 23.6% (19,037 tons) compared to 2023.
However, the export turnover value in the past year still increased by 13.4% to 286 million USD. Mainly due to the average export price of pepper increasing by 48.4%, reaching 4,639 USD/ton.
