Pepper price today February 15, 2025: Domestic pepper price decreased for 3 consecutive days
Today's domestic pepper price on February 15 is at 157,000 - 160,000 VND/kg. It continues to decrease sharply by 1,000 - 2,000 VND/kg compared to yesterday. Domestic pepper prices have decreased for 3 consecutive days but are still on an upward trend thanks to export markets.
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 160,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 160,000 VND/kg. Unchanged compared to yesterday.
In Gia Lai, pepper price is 157,000 VND/kg. Decreased 2,000 VND/tael compared to yesterday.
In Dak Lak, pepper price is 160,000 VND/kg. Unchanged compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 157,000 VND/kg. Decreased 2,000 VND/tael compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 158,000 VND/kg. Decreased 1,000 VND/tael compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 157,000 VND/kg.
After a series of high prices, domestic pepper prices have been adjusted down for three consecutive days. Demand from the Chinese market for white pepper and peppercorns for extraction from the Indian market is quite good. Other markets such as the US and EU are also participating in buying black pepper with both long-term and spot orders.
Although pepper prices have decreased, the market is still on an upward trend thanks to the purchasing pace of important markets such as the United States and China, where the price range can increase sharply or only by about 10-15%.
According to the Vietnam Pepper and Spices Association (VPSA), 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 price today
In the world market, based on quotes from export enterprises and export prices in countries, the International Pepper Association (IPC) updated the prices of pepper of all types traded in the international market on February 15 (local time) as follows:
Indonesia's Lampung black pepper price increased slightly compared to yesterday to reach 7,251 USD/ton (up 0.49%). In addition, Muntok white pepper price also increased slightly compared to yesterday to reach 10,068 USD/ton (up 0.49%).
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $6,700/mt.
Malaysia's ASTA black pepper price is stable compared to yesterday at 9,000 USD/ton. In addition, the country's ASTA white pepper price is also stable compared to yesterday at 11,600 USD/ton.
Prices of all types of pepper in Vietnam remained stable compared to yesterday. Of which, the price of 500 gr/l black pepper in Vietnam 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/ton.
According to information from Comexstat cited by the Vietnam Pepper and Spice Association, in January 2025, Brazil exported 4,339 tons of pepper, earning 27.1 million USD. Although the export volume decreased by 28.1% compared to the same period last year, the export value increased by 36.9%.
Of which, Vietnam is Brazil's largest market, accounting for 28.6% with 1,242 tons, followed by countries such as UAE, India, Senegal and Egypt.
