Pepper price today January 4, 2025: Strong increase, expected output at 200,000 tons

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 149,500 VND/kg.

Specifically, in Dak Nong province, pepper price is at 149,500 VND/kg. An increase of 2,500 VND/kg compared to yesterday.

In Gia Lai, pepper price is 147,500 VND/kg. Increased 1,000 VND/kg compared to yesterday.

In Dak Lak, pepper price is 148,000 VND/kg. Increased 1,000 VND/kg compared to yesterday.

In Binh Phuoc and Dong Nai, pepper price today is at 147,000 VND/kg.

In Ba Ria - Vung Tau, pepper price today is at 149,000 VND/kg. An increase of 2,000 VND/kg compared to yesterday.

Thus, pepper prices today fluctuate in many key provinces, in the domestic market, currently the lowest price is 147,000 VND/kg.

In the context of decreasing global supply and increasing consumption demand, world pepper prices remain high. In particular, black pepper prices in major markets such as the US have increased sharply over the past 5 years, peaking in June 2024 at 8,693 USD/ton.

Global pepper output in 2024 is estimated at 533,000 tons, down about 10,000 tons compared to the previous year. In Vietnam, output decreased by 20,000 tons, to only 170,000 tons. However, it is expected that in 2025, Vietnam's pepper output may recover and increase to 200,000 tons.

While Vietnam expects output to recover, India expects pepper output to fall by 25-30% in 2025 due to adverse weather conditions, which could have a significant impact on global pepper supplies.

China, the US and the EU are major pepper consumption markets, expected to increase imports in 2025. China alone imported 9,677 tons of pepper in the first 11 months of 2024, up 15.1% in volume and 42.1% in value over the same period last year, reflecting strong consumption demand.

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 January 3 (local time) as follows:

Indonesian Lampung black pepper prices remained unchanged from yesterday at $6,824/ton (down 0.48%). Meanwhile, Muntok white pepper prices remained unchanged from yesterday at $8,929/ton (down 0.49%).

Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $6,325/ton.

Malaysia's ASTA black pepper price remained unchanged from yesterday at $8,500/ton. In addition, the country's ASTA white pepper price also remained unchanged from yesterday at $10,700/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 6,400 USD/ton; 550 gr/l reached 6,700 USD/ton.

Similarly, Vietnam's white pepper price remained unchanged from yesterday at $9,600/ton.

According to Thehindubusinessline, the Indian pepper industry has had a successful year in 2024 thanks to strong demand, high production and steady price increases. These factors have brought cheer to pepper growers despite increased imports. However, erratic weather conditions are threatening the projected pepper production in 2025.

According to the farming community, pepper output in 2024 will reach 100,000 tons, a significant increase compared to the previous year's 80,000 - 85,000 tons. Strong demand has helped maintain pepper prices at a good level, despite the high output.

The increase in pepper production is mainly due to expansion of new areas under cultivation in the states of Tamil Nadu, Karnataka, Andhra Pradesh and improved productivity in traditional pepper growing areas in Kerala. This has contributed significantly to the growth of the Indian pepper industry in 2024.