Pepper price today February 10, 2025: Soaring close to 160,000 VND/kg
Pepper price today, February 10, in the country is at 156,000 - 159,000 VND/kg. It skyrocketed by 8,500 - 10,800 VND/kg in the week after Tet. Pepper price increased sharply continuously in key areas, the world pepper market also recorded a slight 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 159,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 159,000 VND/kg. Unchanged compared to yesterday.
In Gia Lai, pepper price is 156,000 VND/kg. Unchanged compared to yesterday.
In Dak Lak, pepper price is 158,000 VND/kg. Unchanged compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 157,000 VND/kg. Unchanged compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 157,000 VND/kg. Unchanged compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 156,000 VND/kg.
At the end of last week, domestic pepper prices increased by a total of VND8,500 - 10,800/kg, equivalent to 5.8 - 7.3% in the week after the Lunar New Year.
Specifically, compared to last week, pepper prices in Dak Nong province have increased by 10,800 VND/kg and are being purchased at the highest price of 159,000 VND/kg.
Following is pepper price in Dak Lak province at 158,000 VND/kg, up 9,800 VND/kg.
Pepper prices in another locality in the Central Highlands region, Gia Lai province, also increased by VND8,500/kg compared to last week, to VND156,000/kg.
In localities in the Southeast region such as Ba Ria - Vung Tau, Dong Nai and Binh Phuoc, pepper prices increased by 10,000 VND/kg to 157,000 VND/kg.
Domestic pepper prices continuously increased right after Tet, helping local farmers enter the new harvest season with excitement.
Vietnam has been the world leader in pepper production and export for over 20 years. However, pepper acreage is showing signs of decline year by year.
2025 marks the fourth consecutive year of decline in global pepper production. It is forecasted that in the next few years, global pepper production will still not be enough to meet consumer demand. This will cause the price of "black gold" to continue to increase, according to Tien Phong Newspaper.
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 prices of pepper of all types traded in the international market on February 10 (local time) as follows:
Indonesia's Lampung black pepper price remained unchanged from yesterday at $7,276/ton. In addition, Muntok white pepper price also increased slightly from yesterday at $9,770/ton.
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $6,500/mt.
Malaysia's ASTA black pepper price is stable compared to yesterday at 9,000 USD/ton. In addition, the country's ASTA white pepper price is also stable compared to yesterday at 11,600 USD/ton.
Prices of all types of pepper in Vietnam remained stable compared to yesterday. Of which, the price of 500 gr/l black pepper in Vietnam 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/ton.