Thursday, February 13, 2025

Pepper Market on February 13, 2025

 

Pepper Market on February 13, 2025: Price returns to 160,000 VND/kg

Pepper prices today (February 13) continued to decrease by VND1,000-2,000 to VND160,000/kg. In the world, Brazil's pepper exports in January only reached 4,339 tons, down 28.1% over the same period.

In the world market

In the latest trading session, the International Pepper Community (IPC) listed the price of Indonesian Lampung black pepper at 7,251 USD/ton, unchanged from the previous trading session.

Similarly, Brazilian ASTA 570 black pepper remained at 6,700 USD/ton, while Malaysian Kuching black pepper reached 9,000 USD/ton.

Vietnam black pepper prices remained stable at USD 6,500/ton for 500 g/l and USD 6,650/ton for 550 g/l.

Type name

World black pepper price list

February 13 (Unit: USD/ton)

% change from previous day

Lampung Black Pepper (Indonesia)

7.251

Brazilian Black Pepper ASTA 570

6,700

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 reached 10,010 USD/ton. Meanwhile, the price of Malaysian ASTA white pepper was 11,600 USD/ton; and the price of Vietnamese white pepper was lower at 9,550 USD/ton.

Type name

World white pepper price list

February 13 (Unit: USD/ton)

% change from previous day

Muntok Indonesian White Pepper

10,010

ASTA Malaysian White Pepper

11,600

Vietnam white pepper

9,550

Update pepper information

According to Comexstat, Brazil exported 4,339 tons of pepper in January 2025, with an export turnover of 27.1 million USD. Compared to the same period in 2024, the export volume decreased by 28.1% while the turnover increased by 36.9%.

Vietnam is Brazil's largest export market, reaching 1,242 tons, accounting for 28.6%. Followed by the markets: UAE: 432 tons, India: 413 tons, Senegal: 396 tons and Egypt: 367 tons.

In the domestic market, according to Dak Nong Newspaper, Dak Nong farmers are currently focusing on harvesting pepper. Most of them are excited because the pepper price is high. This has motivated them to continue investing in and taking care of their pepper gardens, improving product quality.

The general psychology of farmers in the 2025 pepper harvest is excited and happy because the selling price has increased. However, the productivity of farmers' gardens in some areas has decreased due to the impact of the weather.

Statistics from the agricultural sector show that in recent years, the pepper growing area in Dak Nong has grown steadily at 34,000 hectares. The average yield of the whole province is about 2.4 tons/ha, with a total annual output of about 70,000 tons.

Good news about coffee and pepper prices at the beginning of the new year of At Ty 2025 is creating excitement and motivation for farmers. Dak Nong farmers, along with farmers in the Central Highlands, are expecting a year of good prices for key crops, including coffee and pepper.

According to VietnamBiz.vn

No comments: