Pepper price today February 18, 2025: Vietnam's pepper export price is the lowest in the world

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 162,000 VND/kg.

Specifically, in Dak Nong province, pepper price is at 162,000 VND/kg. A sharp increase of 2,000 VND/kg compared to yesterday.

In Gia Lai, pepper price is 160,000 VND/kg. A sharp increase of 3,000 VND/kg compared to yesterday.

In Dak Lak, pepper price is 162,000 VND/kg. A sharp increase of 2,000 VND/kg compared to yesterday.

In Binh Phuoc and Dong Nai, pepper price today is at 160,000 VND/kg. A sharp increase of 3,000 VND/kg compared to yesterday.

In Ba Ria - Vung Tau, pepper price today is at 160,000 VND/kg. A sharp increase of 2000 VND/kg compared to yesterday.

Thus, today's pepper price in the domestic market is currently at its lowest price of 160,000 VND/kg.

If at this time last year, pepper gardens in Vietnam were already in full harvest, this year, it was only in mid-February that nets were spread and harvest was prepared. The reason is that during the growth and fruit setting process, the weather was unfavorable. At the time of treatment for the plants to flower, prolonged harsh sunlight and drought caused the flowers to fall, resulting in a low fruit set rate. Pepper growers also had to handle and fertilize carefully, leading to a one-month late harvest compared to the same period.

Mr. Nguyen Hanh, Chairman of the Farmers' Association of Binh Gia Commune, Chau Duc District, said that the pepper growing area in the commune is decreasing, now only about 50 hectares compared to before. This year's pepper harvest is slower, the output is also reduced by half compared to previous years due to unfavorable weather.

“Pepper growers depend heavily on the weather. Therefore, in the coming time, the locality will continue to support farmers in training on care techniques, not massively expanding the area but focusing on quality and aiming to build an organic pepper growing area for sustainable development,” said Mr. Hanh.

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 pepper prices of all types traded in the international market on February 18 (local time) as follows:

Indonesia's Lampung black pepper price remained unchanged from yesterday at $7,251/ton. Meanwhile, Muntok white pepper price also 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.

Vietnam’s pepper export price remains the lowest in the world. Traders buy at a price lower than other markets by up to 9,550 USD/ton.