Pepper price today February 7, 2025: Continues to increase, depends on supply in Vietnam

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 153,000 VND/kg.

Specifically, in Dak Nong province, pepper price is at 153,000 VND/kg. An increase of 1,500 VND/kg compared to yesterday.

In Gia Lai, pepper price is 151,000 VND/kg. Increased 1,000 VND/kg compared to yesterday.

In Dak Lak, pepper price is 153,000 VND/kg. Increased 2,000 VND/kg compared to yesterday.

In Binh Phuoc and Dong Nai, pepper price today is at 152,000 VND/kg. An increase of 2,000 VND/kg compared to yesterday.

In Ba Ria - Vung Tau, pepper price today is at 152,000 VND/kg. An increase of 2,000 VND/kg compared to yesterday.

Thus, today's pepper price in the domestic market is currently at its lowest price of 151,000 VND/kg.

The price trend in the coming days will depend on the progress of the harvest in Vietnam. If supply continues to be scarce, prices may continue to increase.

The purchasing behavior of China and the US is also worth noting. If import demand from these markets increases, prices may continue to climb. If supply from Brazil and Indonesia is not enough to meet demand, pepper prices will increase even higher.

Therefore, farmers can consider selling a part of their crop to make a profit. Do not sell off when prices are on an upward trend, especially when import demand is still strong. Closely monitor export markets, especially China, to have a reasonable sales strategy.

World pepper prices today

In the world market, based on quotes from export enterprises and export prices in countries, the International Pepper Association (IPC) updated the prices of pepper of all types traded in the international market on February 7 (local time) as follows:

Indonesia's Lampung black pepper price remained unchanged from yesterday at $7,283 per ton. Meanwhile, Muntok white pepper price remained stable from yesterday at $9,780 per ton.

Brazilian black pepper ASTA 570 price increased slightly compared to yesterday at 6,400 USD/ton (up 1.56%).

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 stable compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l 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 USD/ton.

In 2025, Brazil’s output is expected to recover, while Indonesia’s output may decline due to investment difficulties and unfavorable weather conditions. India, a major consumer, is also expected to see a decline in output due to the impact of floods, which will lead farmers to limit investment and liquidate inventories as domestic prices fall.