Pepper price today January 8, 2025: Strong increase, international pepper price continues to increase in Indonesia
Today's domestic pepper price on January 8 is at 149,500 - 151,000 VND/kg. A sharp increase of 1,000 to 2,000 VND compared to yesterday. The International Pepper Community also adjusted the pepper price in Indonesia to increase.
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 151,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 151,000 VND/kg. An increase of 1,000 VND/kg compared to yesterday.
In Gia Lai, pepper price is 149,500 VND/kg. Increased 1,000 VND/kg compared to yesterday.
In Dak Lak, pepper price is 150,500 VND/kg. Increased 1,500 VND/kg compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 150,000 VND/kg. An increase of 2,000 VND/kg compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 150,000 VND/kg. An increase of 1,000 VND/kg compared to yesterday.
Thus, pepper prices today increased sharply in many key provinces, in the domestic market, currently the lowest price is 149,500 VND/kg.
By 2025, Vietnam's pepper output is expected to recover and increase to 200,000 tons, while output in India is expected to decrease by 25-30% due to adverse weather.
With limited supply and high demand, pepper prices are forecast to continue to increase in the coming time. 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.
In 2024, Vietnam imported 36,727 tons of pepper of all kinds. Of which, black pepper reached 31,755 tons and white pepper reached 4,972 tons.
Total pepper import turnover reached 176.2 million USD; an increase of 38.4% in volume and 99.5% in value compared to 2023.
Indonesia, Brazil and Cambodia are the three largest pepper suppliers to Vietnam in 2024, reaching 17,194 tons, 9,558 tons and 6,798 tons respectively.
Of which, pepper imports from Indonesia and Cambodia increased sharply by 431.2% and 80.7%, while imports from Brazil decreased by 42.4%.
World pepper price today
In the world market, based on quotes from export enterprises and export prices in countries, the International Pepper Association (IPC) updated the pepper prices of all types traded in the international market on January 8 (local time) as follows:
Indonesian Lampung black pepper prices remained unchanged from yesterday at $6,842/ton (up 0.15%). Meanwhile, Muntok white pepper prices remained unchanged from yesterday at $8,953/ton (up 0.15%).
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 experts, the sharp increase in pepper prices in the first week of the new year 2025 is a positive signal for the Vietnamese pepper industry, especially in the context of low inventories and increasing demand from major markets such as the US, EU, and China.
The 2025 pepper crop in Vietnam will be harvested almost entirely in February, with some areas extending to March and April, 1-2 months later than previous years due to the impact of prolonged drought, making pepper supply increasingly difficult.
In addition, farmers' maintenance and production of pepper are increasingly being competed by durian and coffee trees.
