Pepper price today January 12, 2025: Sharp decrease of another 2,000 VND/kg
Today's domestic pepper price, January 12, is at 147,000 - 147,500 VND/kg. A sharp decrease of 500 to 2,000 VND/kg compared to the previous day.
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 147,500 VND/kg.
Specifically, in Dak Nong province, pepper price is at 147,500 VND/kg. Decreased 500 VND/kg 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 147,000 VND/kg. A sharp decrease of 2,000 VND/kg compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 147,000 VND/kg. A sharp decrease of 2,000 VND/kg compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 147,000 VND/kg.
Pepper prices on January 13, 2025 are expected to remain stable at around VND147,000/kg. Some areas such as Ba Ria - Vung Tau and Dak Nong may see a slight increase as demand for purchasing to serve the Lunar New Year begins to increase.
According to VITIC, adverse weather with heavy rains and drought has reduced pepper output in Vietnam, while increasing production costs due to having to deal with pests and diseases.
Despite this, this year’s harvest is still forecast to increase slightly. However, supply continues to be difficult, as farmers tend to hold back their crops and only sell them when prices are high.
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 12 (local time) as follows:
Indonesia's Lampung black pepper price increased slightly compared to yesterday to reach 6,841 USD/ton (up 0.26%). In addition, Muntok white pepper price remained unchanged compared to yesterday to reach 8,953 USD/ton (up 0.28%).
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 6,350/ton.
Malaysia's ASTA black pepper price remained unchanged from yesterday at $8,700/ton. In addition, the country's ASTA white pepper price also remained unchanged from yesterday at $11,100/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.
Brazil is 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 third consecutive year of decline, due to low output due to the impact of El Nino.
In Malaysia, cocoa and pepper continue their growth trend in 2024 thanks to higher global demand and government support for the growth of these commodities.
MPIC forecasts that global pepper demand will continue to increase in 2024 and 2025. This growth is due to the potential applications of pepper in various sectors, including pharmaceuticals and cosmetics, driving this positive trend.
