Pepper price today December 27, 2024: Domestic price increased sharply
Pepper prices today, December 27, in the domestic market increased sharply by 1,000 VND/kg compared to yesterday. Pepper prices are forecast to enter an upward cycle, taking place in early 2025.
Domestic pepper price on December 27, 2024
In the Central Highlands region, today's pepper price in Dak Lak is at its highest level of 146,000 VND/kg.
Pepper price today in Gia Lai increased by 1,000 VND/kg compared to yesterday, currently at 145,000 VND/kg.
Pepper price today in Dak Nong increased by 1,000 VND/kg compared to yesterday at 146,000 VND/kg.
In the Southeast region, pepper prices in Ba Ria - Vung Tau increased by VND 1,000/kg compared to yesterday, currently at VND 146,000/kg. Pepper prices in Dong Nai increased by VND 1,000/kg compared to yesterday at VND 146,000/kg.
In addition, pepper price today in Binh Phuoc increased by 1,000 VND/kg compared to yesterday, currently at 146,000 VND/kg.
| Province/district (survey area) | Purchase price(Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 146,000 | +1,000 |
| Gia Lai | 145,000 | +1,000 |
| Dak Nong | 146,000 | +1,000 |
| Ba Ria - Vung Tau | 146,000 | +1,000 |
| Binh Phuoc | 146,000 | +1,000 |
| Dong Nai | 146,000 | +1,000 |
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.
According to the Import-Export Department (Ministry of Industry and Trade), in the first 18 days of December, the export prices of black pepper and white pepper fluctuated inconsistently compared to the end of November.
Black pepper prices increased by about $205/ton in Indonesia and $200/ton in Brazil and Vietnam, but decreased similarly in Malaysia. In the white pepper market, prices in Malaysia and Indonesia decreased by $100/ton and $110/ton respectively, while Vietnam increased by $200/ton.
Pepper demand is recovering, especially in China. The year-end festive season and reports of lower exports from Vietnam have boosted global pepper prices. Pepper prices are expected to rise in early 2025 due to reduced supplies and higher transportation costs.
Freight rates from Asia to Europe have increased recently, with daily rates to the Mediterranean reaching nearly $6,000 per FEU, up $1,000 per FEU from the end of November 2024. This can be attributed to efficient capacity management by carriers and increased demand ahead of the Lunar New Year.
World pepper price today
According to the International Pepper Community (IPC), the price of Indonesian Lampung black pepper is at $6,835/ton. Brazilian ASTA 570 black pepper is traded at $6,275/ton. Malaysian Kuching black pepper is priced at $8,400/ton, significantly higher than other markets.
For Vietnam, the price of 500 g/l black pepper reached 6,400 USD/ton, while 550 g/l was sold at 6,700 USD/ton. The price of white pepper in the international market also recorded large fluctuations. Specifically, Indonesian Muntok white pepper was listed at 8,945 USD/ton, Malaysian ASTA white pepper reached 10,600 USD/ton, and Vietnamese white pepper stood at 9,600 USD/ton.
