Pepper price today January 3, 2025: Stable in most localities.
Today's domestic pepper price, January 3, is at 146,500 - 147,000 VND/kg. Slight increase in Gia Lai but stable in other localities. The world pepper market is stable, with no price fluctuations.
Domestic pepper prices today
The highest pepper purchase price in key pepper growing areas (Dak Lak, Lam Dong, Dak Nong, Ba Ria - Vung Tau, Binh Phuoc) was recorded at 147,000 VND/kg.
Specifically, in Dak Nong, Dak Lak, and Ba Ria - Vung Tau provinces, pepper price is at 147,000 VND/kg.
In Gia Lai, pepper price is 146,500 VND/kg. Increased 500 VND/kg compared to yesterday.
Thus, pepper prices today fluctuate in many key provinces, in the domestic market, currently the lowest price is 146,500 VND/kg.
According to processing and exporting enterprises, Vietnam’s pepper inventory is currently very low. The 2025 harvest is expected to be 1-2 months late and output will decrease due to drought. Expectations of increased imports from the Chinese market are a positive factor for price increases in 2025.
Currently, import markets have enough goods, leading to a decrease in purchasing power at the end of the year. Domestically, the pepper industry faces challenges from unpredictable weather, increasing production costs and disease prevention. Many farmers have switched to growing durian and coffee, reducing pepper growing areas and affecting output.
Since the beginning of the year, Vietnam has exported about 250,000 tons of pepper, earning 1.3 billion USD, far exceeding the 910.5 million USD figure of 2023. This is the highest export value of the pepper industry since 2017, although the export volume is lower.
Vietnam has been the world's number one pepper exporter for over 20 years. 95% of pepper output is exported, while domestic consumption accounts for only 5%.
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 January 3 (local time) as follows:
Indonesia's Lampung black pepper price remained unchanged from yesterday at USD 6,855/ton (up 0.55%). Meanwhile, Muntok white pepper price remained unchanged from yesterday at USD 8,970/ton (up 0.55%).
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 6,275/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.