Pepper price today December 19, 2024: Domestic and export pepper prices increased sharply
Pepper price today December 19, 2024 in the domestic market is at 146,000 - 147,200 VND/kg. Pepper price continues to increase from 500 to 1,000 VND/kg compared to yesterday. Vietnam's pepper export price today suddenly increased sharply.
Domestic pepper price on December 19, 2024
In the Central Highlands region, pepper price today in Dak Lak increased slightly by 500 VND/kg compared to yesterday, reaching 146,500 VND/kg.
Pepper price today in Gia Lai increased slightly by 500 VND/kg compared to yesterday, currently at 145,500 VND/kg.
Pepper price today in Dak Nong increased slightly by 300 VND/kg compared to yesterday at 146,500 VND/kg.
In the Southeast region, pepper prices in Ba Ria - Vung Tau today are the same as yesterday, currently at 146,000 VND/kg. Dong Nai is unchanged from yesterday at 146,000 VND/kg.
In addition, pepper price today in Binh Phuoc is stable compared to yesterday, currently at 146,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
|---|---|---|
| Gia Lai | 146,000 | +500 |
| Ba Ria - Vung Tau | 146,700 | +700 |
| Dak Lak | 147,000 | +500 |
| Binh Phuoc | 147,000 | +1,000 |
| Dak Nong | 147,200 | +700 |
Note: The above prices are for reference only, the actual price will vary depending on the locality, shipping method, payment method, transaction volume, etc. Readers please contact the nearest pepper businesses and agents for specific advice.
In the US, the pepper market has stabilized after two weeks of fluctuations. US pepper imports have increased sharply again after two years of decline, thanks to the reduction in inflation and loose monetary policy, creating conditions for demand to recover.
Importers are also ramping up stockpiles amid concerns about economic policy changes following the US presidential election. President-elect Donald Trump plans to raise import tariffs and cut taxes for individuals and businesses, prompting importers to ramp up imports before he takes office.
World pepper prices today
Update on world pepper prices from the International Pepper Association (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 6,832 USD/ton, and the price of Muntok white pepper at 9,033 USD/ton.
The price of Brazilian ASTA 570 black pepper is at USD 6,350/ton. The price of Malaysian ASTA black pepper is at USD 8,200/ton; the price of this country's ASTA white pepper is at USD 10,400/ton.
The price of Vietnamese black pepper today suddenly increased sharply, trading at 6,400 USD/ton (up 1.56%) for 500 g/l; 550 g/l at 6,700 USD/ton (up 1.49%); the price of white pepper at 9,600 USD/ton (up 2.08%).
According to a report by Ptexim, last week, Vietnam’s pepper export prices remained stable. Demand has recovered in many markets, including the US, EU and Asia, especially the Chinese market.
Vietnam’s black pepper production in the 2025 crop is expected to decline due to the impact of drought and competition from other crops such as durian and coffee. This could reduce pepper supply, leading to prices remaining high in the near term. Freight rates from Asia to Europe began to rise last week, with daily rates to the Mediterranean reaching nearly $6,000 per FEU — up $1,000 per FEU since late November.
