Pepper price today February 16, 2025: No change on the weekend
Today's domestic pepper price on February 16 is at 157,000 - 160,000 VND/kg. No change on the weekend. The Vietnam International Pepper and Spice Industry Conference will take place from March 3 to March 5, 2025.
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. Unchanged 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. Unchanged compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 158,000 VND/kg. Unchanged compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 157,000 VND/kg.
The Vietnam Pepper and Spices International Conference 2025 – VIPO 2025 is receiving great attention from importing enterprises. Currently, about 60% of registered delegates come from importing countries. This is a great opportunity for Vietnamese spice exporting enterprises to meet new customers and expand their business.
In the context of the world trade situation with many fluctuations, the trade war is likely to occur in which the trade policy of the United States, one of the potential markets for Vietnamese exports, and the spice industry is no exception, the presence of speakers and businesses from the United States will help provide valuable information to help Vietnamese exporters shape their export business strategies in the coming time and have more information to prepare closely for the fierce fluctuations of the market that are likely to occur to both cope with and seize opportunities.
Vietnam Pepper and Spices International Conference 2025 will take place from March 3 to March 5, 2025
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 16 (local time) as follows:
Indonesia's Lampung black pepper price remained unchanged from yesterday at $7,251/ton. Meanwhile, Muntok white pepper price remained unchanged from yesterday at $10,068/ton.
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 data from the Central Statistics Agency of Indonesia (BPS), Indonesia's pepper exports in December 2024 reached 4,673 tons, down 27.5% compared to the previous month but up 2.8 times compared to the same period in 2023.
In 2024, Indonesia exported 55,475 tons of pepper of all kinds with a turnover of 311.3 million USD, a sharp increase of 132.9% in volume and 171.8% in turnover compared to 2023. This result helped Indonesia continue to consolidate its third position in the world in pepper exports, after Brazil and Vietnam.
Last year, in general, Indonesia's pepper exports to most markets grew exponentially.
