Pepper price today 2/4/2025, domestic price increased again
Pepper price today February 4, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 4.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on February 4, 2025 as follows: After many days of sideways and stability, the pepper market suddenly became vibrant and increased sharply on the first working day after Tet holiday, the increase ranged from 1,500 - 2,000 VND/kg, depending on the locality. Currently, the pepper purchase price in key markets is 149,400 VND/kg.
Specifically, today's pepper price in Gia Lai province increased by 1,500 VND/kg compared to the previous trading session, currently the pepper purchase price is at 149,000 VND/kg;
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc provinces increased by 2,000 VND/kg, currently the pepper purchase price in these two localities is 149,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong increased by 1,800 VND/kg, and the current pepper purchase price in these two provinces has reached 150,000 VND/kg.
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| Domestic pepper price updated on February 4, 2025 |
Many experts believe that in the coming years, global pepper production will not be enough to meet increasing consumer demand. Therefore, pepper prices are expected to increase sharply from 2024, opening a new period of development for this industry in Vietnam.
Currently, pepper farmers in Vietnam are showing more composure in the context of rising prices. Instead of massively expanding the area of pepper cultivation, they are focusing on quality, switching to sustainable farming and applying intercropping methods to reduce costs and better adapt to climate change.
Ms. Hoang Thi Lien - President of the Vietnam Pepper Association (VPSA), said that with the current situation, global pepper output is still not enough to meet the expected increase in demand in the next 3-5 years. In Vietnam, pepper, a strong crop, is entering a new price increase cycle to compensate for years of extremely low prices.
Mr. Hoang Phuoc Binh - Vice President of Chu Se Pepper Association (Gia Lai) said that pepper prices often tend to increase in cycles. For example, the previous price increase cycle started in 2010 and peaked in 2015.
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| Farmers in Dak Nong province take care of their pepper gardens. |
By the end of 2024, businesses in the pepper industry recorded strong growth rates of 32-68%, with some companies even seeing a spike in export revenue of 150% compared to 2023. Farmers also had a bumper year, earning 60,000-100,000 VND when selling 1 kg of pepper.
According to records, after the Lunar New Year holiday, local farmers started harvesting the early-ripening pepper crop in some areas. Most of the pepper acreage will be harvested immediately after that. This year's harvest is estimated to be slower than previous years due to unfavorable weather conditions last year.
Currently, the pepper growing area in our country is about 113,000 hectares, with an estimated output of 190,000 tons. In 2024, businesses exported nearly 250,000 tons of pepper, worth 1.31 billion USD - a record in the past 8 years. Vietnam continues to hold the world's largest warehouse with output accounting for 40% and exports accounting for 60% globally.
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| But green pepper fields, full of fruit, are grown in Dak Nong. |
World pepper price today
Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on February 4, 2025 as follows: the pepper market is vibrant and increasing again in Indonesia, increasing from 22 - 54 USD/ton; other countries remain at high levels.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,219 USD/ton (up 54 USD/ton) compared to the previous trading session; similarly, Muntok white pepper is currently purchased at 9,694 USD/ton (up 22 USD/ton).
The Malaysian pepper market continues to remain stable and at a high level. Currently, the price of Malaysian ASTA black pepper is purchased at 9,000 USD/ton and the price of ASTA white pepper is at 11,600 USD/ton.
Similarly, pepper prices in Brazil remain stable, currently the pepper purchase price in Brazil is at 6,150 USD/ton.
The export market for Vietnamese pepper continues to be stable and slightly increasing. Specifically, the export price of Vietnamese black pepper is currently at 6,350 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l; the price of white pepper is at 9,550 USD/ton.
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| Update world pepper prices today February 4, 2025 |
Indonesia, with its stable output, is emerging as a potential supplier, but cannot fully meet global consumption demand.
Meanwhile, China, with low pepper inventories, is expected to boost imports right after the Lunar New Year, creating the possibility of price increases in the coming time, especially when Vietnam begins to harvest the main crop.
Source: https://congthuong.vn/gia-tieu-hom-nay-422025-trong-nuoc-tang-cao-tro-lai-372017.html
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