Pepper price today January 24, 2025: Continuous slight increase on days before Tet
Pepper price today, January 24, in the country is at 147,000 - 148,000 VND/kg. Continued to increase slightly by 500 VND/kg in most provinces. Pepper price has continuously increased slightly in the days before Tet due to limited transactions.
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 148,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 148,000 VND/kg. A slight increase of 500 VND/kg compared to yesterday.
In Gia Lai, pepper price is 147,500 VND/kg. Increased 500 VND/kg compared to yesterday.
In Dak Lak, pepper price is 148,000 VND/kg. Increased 500 VND/kg compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 147,000 VND/kg. Unchanged compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 147,000 VND/kg. An increase of 500 VND/kg compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 147,000 VND/kg.
Some opinions say that in Vietnam, a large amount of pepper is in the hands of speculators. These people use money from taking profits from other agricultural products that have just experienced a hot period such as coffee, durian, etc. to buy pepper. Thus, it is not easy to buy pepper at low prices even when the peak harvest is taking place.
It is expected that after the Lunar New Year, farmers in localities will start harvesting pepper and it will last until the end of April. This year's harvest in many regions will be slower due to unfavorable weather in 2024.
Pepper price forecast on January 25, 2025 is expected to increase slightly by 500 VND/kg, fluctuating between 148,000 - 148,500 VND/kg. Dak Lak and Dak Nong are expected to maintain the highest price of 148,500 VND/kg, while Ba Ria - Vung Tau and Binh Phuoc are expected to maintain the price of 147,000 VND/kg.
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 24 (local time) as follows:
The price of Indonesian Lampung black pepper increased slightly compared to yesterday to reach 7,157 USD/ton (up 0.31%). In addition, the price of Muntok white pepper also increased sharply compared to yesterday to reach 9,456 USD/ton (up 0.31%).
Brazil ASTA 570 black pepper prices remained unchanged from yesterday at $6,350/mt.
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 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 USD/ton.