Pepper price today February 19, 2025: Dak Nong pepper price increased by 500 VND/kg
Today's domestic pepper price, February 19, is at 160,000 - 162,500 VND/kg. Domestically, Dak Nong pepper price increased by 500 VND/kg compared to yesterday. It is forecasted that pepper price may continue to increase if China increases imports again.
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 162,500 VND/kg.
Specifically, in Dak Nong province, pepper price is at 162,500 VND/kg. A slight increase of 500 VND/kg compared to yesterday.
In Gia Lai, pepper price is 160,000 VND/kg. Unchanged compared to yesterday.
In Dak Lak, pepper price is 162,000 VND/kg. Unchanged compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 160,000 VND/kg. Unchanged compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 160,000 VND/kg. No change compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 160,000 VND/kg.
Instead of selling in bulk, many pepper growers proactively preserve their products and only sell when the price reaches the expected level, helping pepper prices remain high. This contributes to a more abundant supply in the short term.
Pepper prices are forecast to continue to increase in the short term, especially if the Chinese market, one of the largest customers of Vietnamese pepper, increases imports again.
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 19 (local time) as follows:
Indonesia's Lampung black pepper price decreased slightly compared to yesterday to USD 7,298/ton (down 0.41%). Similarly, Muntok white pepper price also decreased slightly compared to yesterday to USD 10,143/ton (down 0.41%).
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.
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.
For the world market, according to experts, global pepper supply is very limited and demand is expected to continue to increase or remain stable. This will create pressure to increase prices.
Global pepper prices, which experienced a spike in mid-2024, are expected to continue rising this year as production continues to decline and demand outstrips supply, according to Thestar.
'Currently, pepper supply in the global market is very scarce and demand is expected to continue to increase or remain stable. This will continue to push prices up.
“If China (a major consumer but only a small importer in 2024) increases its purchases, prices will rise even more. I am very optimistic about pepper prices this year and in 2026,” said veteran trader William SC Yii, director of leading pepper exporter Nguong Aik Kuching Sdn Bhd.
