Pepper price today February 12, 2025: Strong increase to new peak

Domestic pepper prices today

The highest pepper purchase price in key pepper growing regions (Dak Lak, Lam Dong, Gia Lai, Dak Nong, Ba Ria - Vung Tau, Binh Phuoc) was recorded at 164,000 VND/kg.

Specifically, in Dak Nong province, pepper price is at 164,000 VND/kg. A sharp increase of 4,000 VND/tael compared to yesterday.

In Gia Lai, pepper price is 162,000 VND/kg. A sharp increase of 4,500 VND/tael compared to yesterday.

In Dak Lak, pepper price is 164,000 VND/kg. A sharp increase of 4,000 VND/tael compared to yesterday.

In Binh Phuoc and Dong Nai, pepper price today is at 162,000 VND/kg. An increase of 4,000 VND/tael compared to yesterday.

In Ba Ria - Vung Tau, pepper price today is at 161,000 VND/kg. An increase of 3,000 VND/tael compared to yesterday.

Thus, today's pepper price in the domestic market is currently at its lowest price of 161,000 VND/kg.

According to the General Department of Customs, in the first half of January 2025, Vietnam exported 7,313 tons of pepper with a total turnover of 48.3 million USD, down 3% in volume but up 61.86% in value over the same period in 2024.

In many pepper growing areas, farmers are in a positive mood as pepper prices have continued to increase sharply compared to the same period last year. However, the amount of products sold is still not much because many households expect prices to continue to increase in the coming days.

In 2025, global pepper output is forecast to continue to decrease while stable consumption demand is the driving force for Vietnam's pepper exports this year.

World pepper prices today

In the world market, based on quotes from export enterprises and export prices in countries, the International Pepper Association (IPC) updated the pepper prices of all types traded in the international market on February 12 (local time) as follows:

The price of Indonesian Lampung black pepper increased slightly compared to yesterday to reach 7,265 USD/ton (down 0.15%). In addition, the price of Muntok white pepper also increased slightly compared to yesterday to reach 10,028 USD/ton (up 2.57%).

Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 6,700/ton (up 2.99%).

Malaysia’s ASTA black pepper price is stable compared to yesterday at USD 9,000/ton. In addition, the country’s ASTA white pepper price is also stable compared to yesterday at USD 11,600/ton.

Prices of all types of Vietnamese pepper remained stable compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 6,500 USD/ton; 550 gr/l reached 6,650 USD/ton.

Similarly, Vietnam's white pepper price remained unchanged from yesterday at 9,550 USD/ton.

According to data from the Indian Ministry of Commerce, in the 11 months of 2024, India's pepper exports reached 18,196 tons, up 30% compared to 2023. However, in the same period, the country also imported 43,879 tons of pepper of all kinds, up 37.8%.

Once the world leader in black pepper production and export, with 75% of its output exported in the 1980s, the share has fallen to 40% in the last decade. Domestic consumption now accounts for more than 80% of India’s total pepper production, largely due to trade liberalization policies.

After 2000, there has been a significant change in the composition of black pepper exports from India. Earlier, the majority of pepper exported was unground pepper. Today, nearly 50% of the total value of India’s black pepper exports comes from crushed or ground pepper products.

The growth rate of black pepper exports has been declining over the decades, while the growth rate of imports has been increasing. India’s black pepper exports have become more diversified, showing a decline in the share of raw products and an increase in the share of value-added processed products.