Pepper price today 2/2/2025: Vietnamese pepper is optimistic about the new crop
Today's domestic pepper price on February 2 is at 147,000 - 148,200 VND/kg. The pepper market in the last week of January shows a positive outlook as no country reported a decrease.
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 148,200 VND/kg.
Specifically, in Dak Nong province, pepper price is at 148,200 VND/kg. Unchanged compared to yesterday.
In Gia Lai, pepper price is 147,500 VND/kg. Unchanged compared to yesterday.
In Dak Lak, pepper price is 148,200 VND/kg. Unchanged compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 147,000 VND/kg. Unchanged compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 147,000 VND/kg. Unchanged compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 147,000 VND/kg.
The International Pepper Community commented that the pepper market in the last week of January showed a positive outlook as no country reported a decrease.
In 2025, pepper exports will have many advantages but also many unpredictable factors. Depending on the purchasing pace of important markets such as the US and China, the price increase may increase sharply or only about 10% - 15% compared to present.
In particular, China will increase purchases as soon as Vietnam enters its main harvest season in March - April 2025, while the US may buy more slowly due to large inventories from 2024.
World pepper price today
In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Community (IPC) has updated the prices of pepper of all types traded in the international market on February 2 (local time) as follows:
Indonesia's Lampung black pepper price remained unchanged from yesterday at $7,165/ton. Meanwhile, Muntok white pepper price also remained unchanged from yesterday at $9,672/ton.
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $6,150/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 unchanged compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 6,350 USD/ton; 550 gr/l reached 6,650 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at $9,550/ton.
