Pepper price today February 14, 2025: Continued sharp decrease due to new supply addition
Today's domestic pepper price, February 14, is at 159,000 - 160,000 VND/kg. It continues to decrease sharply by 2,000 - 2,500 VND/kg compared to yesterday. Pepper prices have decreased due to the supply from the new harvest crop starting to replenish.
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 160,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 160,000 VND/kg. A sharp decrease of 2,000 VND/tael compared to yesterday.
In Gia Lai, pepper price is 159,000 VND/kg. Decreased 2,500 VND/tael compared to yesterday.
In Dak Lak, pepper price is 160,000 VND/kg. A sharp decrease of 2,000 VND/tael compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 159,000 VND/kg. Down 2,000 VND/tael compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 159,000 VND/kg. Down 2,000 VND/tael compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 159,000 VND/kg.
In Vietnam, pepper prices unexpectedly increased sharply after Tet but the market began to decline sharply in the coming days. The reason for the decline in pepper prices is that the supply from the new harvest has begun to replenish.
Demand for consumption has been increasing steadily, but delays in exports and local pepper harvests have put pressure on prices.
Although pepper prices decreased today, the market is still in an upward trend thanks to the purchasing pace of important markets such as the United States and China, the price range can increase sharply or only about 10-15%.
World pepper prices today
In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Association (IPC) updated the prices of all types of pepper traded in the international market on February 14 (local time) as follows:
Indonesia's Lampung black pepper price remained unchanged from yesterday at USD 7,251/ton. In addition, Muntok white pepper price also increased slightly from yesterday at USD 10,010/ton.
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 6,700/mt.
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.
In the Indian market, pepper prices continue to be covered in green, increasing by 200 rupees/quintal for most pepper varieties. Garbled pepper is priced at 67,800 rupees/quintal (equivalent to 206,268 VND/kg), Ungarbled pepper is listed at 65,800 rupees/quintal, while the gram/liter variety has the lowest price of 64,800 rupees/quintal (equivalent to 197,142 VND/kg).
According to Comexstat, in January 2025, Brazil exported 4,339 tons of pepper, with an export turnover of 27.1 million USD. Compared to the same period in 2024, the export volume decreased by 28.1% while the turnover increased by 36.9%.
Vietnam is Brazil's largest export market, reaching 1,242 tons, accounting for 28.6%. Followed by the markets: UAE: 432 tons, India: 413 tons, Senegal: 396 tons and Egypt: 367 tons.
