Pepper price today January 21, 2025: Stable at 146,000 VND
Today's domestic pepper price, January 21, is at 145,000 - 146,000 VND/kg. No change compared to yesterday. In the first 15 days of January 2025, Vietnam exported 7,313 tons of pepper and imported 1,241 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 146,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 146,000 VND/kg. Unchanged compared to yesterday.
In Gia Lai, pepper price is 145,000 VND/kg. Unchanged compared to yesterday.
In Dak Lak, pepper price is 145,500 VND/kg. Unchanged compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 145,000 VND/kg. Unchanged compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 146,000 VND/kg. Unchanged compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 145,000 VND/kg.
According to data from the Vietnam Pepper and Spice Association (VPSA), domestic pepper prices in the last 3 months of 2024 remained at 140,000 - 150,000 VND/kg, a significant increase compared to the beginning of the year (black pepper increased by 75.6% and white pepper increased by 68.8%). Export prices also had similar growth, 30.7% for black pepper and 28.6% for white pepper.
Although China has reduced pepper imports from Vietnam by 82.4%, demand remains high and inventories are low. It is predicted that China may return to buying pepper after Vietnam's main harvest in early 2025.
According to experts, global pepper prices in 2025 are expected to remain high due to a decrease in supply, while demand in major markets such as the US and Europe remains stable. The demand for pepper in the food and spice processing industries remains the main driver of the market.
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 all types of pepper traded in the international market on January 21 (local time) as follows:
Indonesia's Lampung black pepper price decreased slightly compared to yesterday to reach 7,113 USD/ton (down 0.41%). In addition, Muntok white pepper price also increased sharply compared to yesterday to reach 9,193 USD/ton (down 0.41%).
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 6,350/ton.
The price of Malaysian ASTA black pepper increased sharply compared to yesterday, currently at 9,000 USD/ton (up 3.33%). In addition, the price of ASTA white pepper of this country also remained the same compared to yesterday, reaching 11,600 USD/ton (up 3.33%).
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 6,350 USD/ton; 550 gr/l reached 6,650 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at $9,550/ton.
According to the Vietnam Pepper and Spices Association (VPSA), in the first 15 days of January 2025, Vietnam exported 7,313 tons of pepper, with a total turnover of 48.3 million USD, down 3% in volume but up 61.86% in value over the same period in 2024.
Nedspice Vietnam was the largest exporter in the past period, reaching 853 tons, and the US continued to be the main export market with 1,562 tons.
In addition, in the first 15 days of January, Vietnam imported 1,241 tons of pepper, worth 7.9 million USD. Vietnam imported mainly from Indonesia, accounting for 77.6%, reaching 963 tons, including 746 tons of white pepper. KSS, Olam Vietnam and Phuc Thinh were the three main importers, reaching 221 tons, 183 tons and 115 tons, respectively.