Pepper prices today, February 2nd, 2025: Vietnamese pepper prices optimistic for the new crop.
Today, February 2nd, domestic pepper prices are at 147,000 - 148,200 VND/kg. The pepper market in the last week of January showed a positive outlook as no country reported a decrease.
Domestic pepper prices today
The highest pepper purchase price recorded in key pepper-growing regions (Dak Lak, Lam Dong, Gia Lai, Dak Nong, Ba Ria - Vung Tau, Binh Phuoc) was 148,200 VND/kg.
Specifically, in Dak Nong province, the price of pepper is 148,200 VND/kg. This remains unchanged from yesterday.
In Gia Lai, the price of pepper is 147,500 VND/kg. This remains unchanged from yesterday.
In Dak Lak, the price of pepper is 148,200 VND/kg. This remains unchanged from yesterday.
In Binh Phuoc and Dong Nai provinces, the price of pepper today is 147,000 VND/kg, unchanged from yesterday.
In Ba Ria - Vung Tau, the price of pepper today is 147,000 VND/kg. This remains unchanged from yesterday.
Thus, the lowest price for pepper in the domestic market today is 147,000 VND/kg.
The International Pepper Community believes that the pepper market in the last week of January showed a positive outlook, with no countries reporting a decrease.
In 2025, pepper exports will have many favorable conditions but also many unpredictable factors. Depending on the purchasing pace of key markets such as the US and China, the price increase margin could be sharp or only around 10% - 15% compared to the current level.
In particular, China will increase its 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 carried over from 2024.
Today's world pepper prices
On the world market, based on quotations from exporting companies and export prices in various countries, the International Pepper Association (IPC) has updated the prices of various types of pepper traded on the international market on February 2nd (local time) as follows:
Indonesian Lampung black pepper prices remained unchanged from yesterday at US$7,165/ton. Similarly, Muntok white pepper prices also remained unchanged from yesterday at US$9,672/ton.
The price of Brazilian ASTA 570 black pepper remained unchanged from yesterday at $6,150 per ton.
Malaysian ASTA black pepper prices remained stable compared to yesterday, currently at US$9,000/ton. Additionally, the price of ASTA white pepper from the same country also remained unchanged compared to yesterday, at US$11,600/ton.
Prices for all types of Vietnamese pepper remained unchanged compared to yesterday. Specifically, the price of Vietnamese black pepper (500 gr/l) reached US$6,350/ton; and the price of black pepper (550 gr/l) reached US$6,650/ton.
Similarly, the price of Vietnamese white pepper remained unchanged compared to yesterday at $9,550 per ton.
