Pepper price today January 6, 2025: Strong increase in the first week of the new year, opposite to coffee price

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 150,000 VND/kg.

Specifically, in Dak Nong province, pepper price is at 150,000 VND/kg. An increase of 3,000 VND/kg compared to the beginning of last week.

In Gia Lai, pepper price is 148,000 VND/kg. An increase of 1,500 VND/kg compared to the beginning of last week.

In Dak Lak, pepper price is 149,000 VND/kg. An increase of 2,000 VND/kg compared to the beginning of last week.

In Binh Phuoc and Dong Nai, pepper price today is at 148,000 VND/kg. An increase of 1,500 VND/kg compared to the beginning of last week.

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

Thus, pepper prices today fluctuate in many key provinces, in the domestic market, currently the lowest price is 148,000 VND/kg.

Pepper prices today, January 6, 2025, increased sharply in the first week of the new year. This is a positive signal for the Vietnamese pepper industry, especially in the context of low inventory and increasing demand from major markets such as the US, EU, and China.

However, the pepper industry still faces many major challenges. Prolonged drought, especially in the Central Highlands provinces, has significantly affected pepper productivity and quality.

Rising prices for fertilizers, labor, and transportation costs have squeezed profits for farmers and businesses. In addition, pepper diseases remain a major concern, reducing pepper growing areas in recent years.

A notable trend is that many farmers are switching to growing higher value crops such as durian and coffee. This reduces pepper supply, creating upward pressure on prices in the domestic and international markets.

With limited supply and high demand, pepper prices are forecast to continue to increase this week. The expected increase ranges from 500 - 1,500 VND/kg in some areas, especially in localities with active purchasing activities such as Dak Nong, Ba Ria - Vung Tau, and Dak Lak.

World pepper prices today

In the world market, based on quotes from exporting 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 January 6 (local time) as follows:

Indonesia's Lampung black pepper price remained unchanged from yesterday at USD 6,832/ton. Meanwhile, Muntok white pepper price remained unchanged from yesterday at USD 8,940/ton.

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

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

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

According to Dak Nong Newspaper, in 2024, with many fluctuations in the market, Dak Nong's export activities have strived to overcome difficulties and reached a new milestone.

Dak Nong black pepper accounts for a large proportion of the province’s export turnover. This product is currently being exported to major markets such as Singapore, Africa, China, Australia, Canada, England, and New Zealand.

In 2024, the province's pepper export turnover reached 90 million USD, an increase of 48.8% over the same period last year. The main enterprise participating in exporting this key product is Olam Vietnam Co., Ltd.

Currently, Dak Nong ranks first in the Central Highlands region and the whole country in terms of pepper growing area, and second in output in the country (after Dak Lak province).