Pepper price today January 13, 2025: Sharp decrease
Today's domestic pepper price on January 13 is at 147,000 - 147,500 VND/kg. A sharp decrease of 1,000 to 2,500 VND/kg compared to last week.
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. 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 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.
The market has just experienced a rather volatile week when pepper prices increased to a more than three-month high of VND151,000/kg in the middle of the week but then suddenly plummeted at the weekend.
In summary, last week, domestic pepper prices decreased by 1,000 - 2,500 VND/kg.
Of which, pepper prices in the two provinces of Dak Lak and Ba Ria - Vung Tau decreased by 2,000 VND/kg compared to last week, down to 147,000 VND/kg.
Pepper prices in other provinces and cities such as Gia Lai, Binh Phuoc and Dong Nai are also being purchased at 147,000 VND/kg, down 1,000 VND/kg last week.
Meanwhile, pepper prices in Dak Nong dropped the most by VND2,500/kg, down to VND147,500/kg. However, this is still the locality with the highest price on the market.
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 all types of pepper traded in the international market on January 13 (local time) as follows:
Indonesian Lampung black pepper prices remained unchanged from yesterday at $6,841 per tonne. Meanwhile, Muntok white pepper prices remained unchanged from yesterday at $8,953 per tonne.
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.
Pepper prices on January 13, 2025 are expected to remain stable at around VND 147,000 - 149,000/kg. Some areas may increase slightly by VND 500 - 1,000/kg, especially in provinces such as Dak Nong and Ba Ria - Vung Tau.
In the international market, pepper prices may maintain their upward momentum in Malaysia and remain stable in other markets. Demand from the US and EU is likely to increase, creating momentum to support pepper export prices.
Farmers should closely monitor the market and avoid selling off when prices are stable. At the same time, they need to prepare well for large orders during the Lunar New Year.
