Pepper Market on February 11, 2025: Reaching 164,000 VND/kg
In the world market
In the most recent trading session, the International Pepper Community (IPC) listed the price of Indonesian Lampung black pepper at 7,276 USD/ton, down slightly by 11 USD/ton compared to the previous trading session.
In contrast, Brazilian black pepper ASTA 570 jumped 3% ($200/ton) to $6,700/ton.
Vietnam black pepper prices continue to move sideways at 6,500 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l. With this new development, Vietnam black pepper prices are currently the lowest on the market.
Meanwhile, the price of Kuching black pepper in Malaysia remains at its highest level of 9,000 USD/ton.
|
Type name |
World black pepper price list |
|
|
February 11 (Unit: USD/ton) |
% change from previous day |
|
|
Lampung Black Pepper (Indonesia) |
7,265 |
-0.15 |
|
Brazilian Black Pepper ASTA 570 |
6,700 |
+2.99 |
|
Kuching Black Pepper (Malaysia) ASTA |
9,000 |
– |
|
Vietnamese black pepper (500 g/l) |
6,500 |
– |
|
Vietnamese black pepper (500 g/l) |
6,650 |
– |
At the same time of survey, the price of Indonesian Muntok white pepper increased sharply by 2.57% to 10,028 USD/ton.
In Malaysia, ASTA white pepper prices remained stable at USD 11,600/ton. Meanwhile, Vietnam's white pepper prices were at their lowest at USD 9,550/ton.
|
Type name |
World white pepper price list |
|
|
February 11 (Unit: USD/ton) |
% change from previous day |
|
|
Muntok Indonesian White Pepper |
10,028 |
+2.57 |
|
ASTA Malaysian White Pepper |
11,600 |
– |
|
Vietnam white pepper |
9,550 |
– |
Update pepper information
According to data from the Indian Ministry of Commerce, the country's pepper exports in the 11 months of 2024 reached 18,196 tons, up 30% over the same period in 2023.
However, the country also imported 43,879 tons of pepper of all kinds during the same period, up 37.8%. The main sources of pepper supply were Sri Lanka and Vietnam, with volumes reaching 21,894 tons and 9,911 tons, up 2.5% and 75.4% over the same period in 2023.
Despite playing a vital role in global trade, India's black pepper exports have been declining over the past several decades, Thehindubusinessline reported.
According to a study from Kerala Agricultural University, duty-free import of black pepper from Vietnam via Sri Lanka under the South Asian Free Trade Agreement (SAFTA) has made imported black pepper cheaper than domestic prices.
As a result, exporters specializing in value-added products have become increasingly dependent on imported pepper. This, coupled with the increase in global pepper production, has led to a fall in prices in the Indian market, negatively impacting smallholder farmers.
Karnataka, Kerala and Tamil Nadu are the leading pepper producing states in India, with Karnataka having the highest average yield. In Kerala, Idukki district leads in terms of area, production and productivity. However, the pace of expansion of pepper cultivation in Kerala has slowed down due to ageing of the crop, poor management and harvesting challenges.
In that context, domestic consumption is considered the "savior" of the Indian pepper industry.
Once the world leader in black pepper production and export, with 75% of its output exported in the 1980s, the share has fallen to 40% in the last decade. Domestic consumption now accounts for more than 80% of India’s total pepper production, largely due to the liberalization of trade policies.
After 2000, there has been a significant change in the composition of black pepper exports from India. Earlier, the majority of pepper exported was unground pepper. Currently, nearly 50% of the total value of black pepper exports from India comes from ground or milled products.
The growth rate of black pepper exports has been declining over the decades, while the growth rate of imports has been increasing. India’s black pepper exports have become more diversified, showing a decline in the share of raw products and an increase in the share of value-added processed products.
According to VietnamBiz.vn
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