Pepper price today February 3, 2025: Farmers start harvesting early ripening pepper crop
Today's domestic pepper price, February 3, is at 147,000 - 148,200 VND/kg. Right after Tet, local farmers started harvesting the early-ripening pepper crop in some regions.
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 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. No change compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 147,000 VND/kg.
Right after Tet, local farmers started harvesting the early-ripening pepper crop in some areas. Most of the pepper acreage will be harvested immediately after that. This year's harvest is expected to come later than usual due to unfavorable weather conditions last year.
Currently, the pepper growing area in our country is about 113,000 hectares, with an estimated output of 190,000 tons. In 2024, businesses exported nearly 250,000 tons of pepper, worth 1.31 billion USD - a record in the past 8 years. Vietnam continues to hold the world's largest warehouse with output accounting for 40% and exports accounting for 60% globally.
At the end of 2024, businesses in the pepper industry recorded strong growth from 32-68%, with some companies even seeing a sudden increase of 150% in export revenue compared to 2023. Farmers also had a bumper year, earning a profit of 60,000-100,000 VND when selling 1 kg of pepper.
According to the assessment, the price of "black gold" in Vietnam will remain high, because the supply is decreasing, while the demand in major markets such as the US and Europe remains stable, China may increase imports from March to April because the inventory is gradually running out.
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 3 (local time) as follows:
Indonesia's Lampung black pepper price remained unchanged from yesterday at $7,165 per ton. Meanwhile, Muntok white pepper price also remained unchanged from yesterday at $9,672 per ton.
Brazil ASTA 570 black pepper prices remained unchanged from yesterday at $6,150/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 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 USD/ton.
