Pepper price today February 21: Pepper price is high due to hoarding
Today's domestic pepper price, February 21, 2025, is at 160,000 - 162,500 VND/kg. Pepper importers in the US and Europe are rushing to stockpile goods, causing pepper prices to remain high.
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 162,500 VND/kg.
Specifically, in Dak Nong province, pepper price is at 162,500 VND/kg. Unchanged 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. Unchanged compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 160,000 VND/kg.
According to Mr. Le Kim Nam - Vice Chairman of Nam Yang Commune People's Committee (Dak Doa District): After the golden age, currently, in the commune there are more than 200 hectares of pepper mainly intercropped in coffee gardens. Of which, 191 hectares are in a stable business phase with an average yield of 3.5 tons/ha.
At current prices, pepper growers are making high profits. This is a condition for them to continue investing in production according to clean, sustainable organic standards. The commune is also focusing on propaganda and guiding people to produce according to standards, avoiding the situation of massive new planting.
At the same time, the commune also recommends that people should intercrop or have shade trees to ensure sustainable development of the garden.
World pepper price today
In the world market, based on quotes from exporting 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 21 (local time) as follows:
Indonesia’s Lampung black pepper price remained unchanged from yesterday at $7,298 per tonne. Similarly, Muntok white pepper price remained unchanged from yesterday at $10,143 per tonne.
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.
With the forecast of a shortage of supply and output, pepper importers in the US and Europe, who have realized early that the global pepper price trend will continue to increase, are rushing to stock up, causing pepper prices to stay high.
According to the International Pepper Community (IPC), global pepper production in 2025 is expected to decrease by about 4%, equivalent to 22,000 tons, due to adverse weather conditions in major producing countries.
The fact that pepper growers are not selling in large quantities is helping to prevent supply from being congested, thereby keeping prices stable at a high level. In addition, China - the largest consumer market of Vietnamese pepper - is showing signs of increasing purchases, which could support pepper prices to continue to rise.
