Pepper price today February 9, 2025

 

Rising at the beginning of the harvest season, pepper exports expected to continue to set records

Báo Quốc Tế•08/02/2025

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Pepper prices today, February 9, 2025, in the domestic market increased sharply in key localities, trading from 150,500 - 153,000 VND/kg.

Pepper price today February 9, 2025: High increase at the beginning of the harvest season, expected pepper exports to continue to set records. (Source: Borneo Talk)

Pepper prices today, February 9, 2025, in the domestic market increased sharply in key localities, trading from 150,500 - 153,000 VND/kg.

Specifically, pepper price today in Gia Lai is at 154,000 VND/kg.

Pepper prices today in the provinces of Dong Nai (153,500 VND/kg); Dak Lak (156,000 VND/kg); Dak Nong (157,000 VND/kg); Ba Ria - Vung Tau (155,000 VND/kg) and Binh Phuoc (156,000 VND/kg).

Thus, pepper prices today increased sharply in key growing areas, increasing by 3,000 - 4,000 VND/kg. The highest pepper price is at 157,000 VND/kg.

After the Lunar New Year, domestic pepper prices recorded consecutive days of increase. Localities also began harvesting early-ripening pepper. Prices increased at the beginning of the season, making farmers excited and hopeful for a bumper crop with "good harvest and good price".

The highest price is in Dak Nong, approaching the 160,000 VND/kg mark. This locality is assessed by the Vietnam Pepper and Spice Association to have the same output as last year.

Overall, this year's output is estimated by sources to increase compared to 2024. With high prices at the beginning of the season like now, in 2025 pepper is expected to continue to exceed billion USD in exports, and may possibly set a record high in exports ever.

Based on the supply-demand balance, pepper prices in 2025 are expected to remain high due to a decrease in supply, while demand in major markets such as the US and Europe remains stable. Pepper demand in the food and spice processing industries remains the main driver of the market.

According to a recent report by Ptexim, Vietnam’s total pepper export volume in 2024 is 250,600 tons, indicating a significant supply. However, the harvest has been steadily declining over the past 3-4 years due to shrinking planting areas as farmers switch to more profitable crops such as coffee and durian.

In addition, land prices in Vietnam have increased sharply from 2020 to 2023, causing many farmers to convert pepper growing land into real estate projects.

Significant fluctuations in pepper prices have also prompted many farmers to adopt intercropping by growing other crops along with pepper. This approach has led to a significant decline in the area under monoculture pepper cultivation over the past 4–5 years.

This trend is expected to continue, with pepper growing areas decreasing further by 2025. Ptexim forecasts that Vietnam’s pepper output in 2025 will decrease by about 5-10% compared to 2024. At the same time, inventories are at a five-year low and Vietnam will continue to import more pepper from other countries for processing and production.

In the world market, at the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 7,276 USD/ton; the price of Brazilian black pepper ASTA 570 at 6,500 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 9,000 USD/ton.

Muntok white pepper price is 9,770 USD/ton; Malaysian ASTA white pepper price is at 11,600 USD/ton.

Vietnam black pepper price is traded at 6,500 USD/ton for 500 g/l; 550 g/l at 6,650 USD/ton; white pepper price at 9,550 USD/ton.

The International Pepper Community assessed that the pepper market in the first week of February showed mixed reactions, with only domestic Malaysian white pepper reported to have declined. Despite the weakening of the Indian Rupee against the USD, domestic and international Indian pepper prices continued to increase this week.

Source: https://baoquocte.vn/gia-tieu-hom-nay-922025-tang-cao-ngay-dau-vu-thu-harvest-ky-vong-ho-tieu-xuat-khau-tiep-tuc-lap-ky-luc-303529.html

 

Pepper price today 2/4/2025, domestic price increased again

Báo Công thương•03/02/2025

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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.

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.

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.

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.

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

Pepper Market on February 1, 2025

 

Indonesian pepper suddenly increased sharply

Pepper prices today, the 4th day of Tet, remained stable at around 147,000 - 148,000 VND/kg. Meanwhile, the price of Indonesian pepper in the world market, especially white pepper, increased sharply in the last trading session.

In the domestic market

Recorded today,  domestic pepper prices continue to stabilize at 147,000 - 148,000 VND/kg.

Accordingly,  pepper prices  in Dak Lak and Dak Nong provinces reached the highest level of 148,000 VND/kg. Next was pepper prices in Gia Lai province at 147,500 VND/kg.

Pepper prices in other localities in the Southeast region such as Ba Ria - Vung Tau, Dong Nai and Binh Phuoc are lower at 147,000 VND/kg.

The market is likely to be active again after the Lunar New Year holiday when many localities enter the harvest period. In addition, pepper prices are also expected to increase due to reduced global supply while demand in the US and EU remains stable, and China is likely to return to the market.

 The continuous increase in coffee  prices  and reaching nearly 130,000 VND/kg is also one of the positive factors promoting pepper prices in the coming time.

Province/district (survey area)	Purchase price on 1/2 (Unit: VND/kg)	Change from previous day (Unit: VND/kg)
Dak Lak	148,000	–
Gia Lai	147,500	–
Dak Nong	148,200	–
Ba Ria – Vung Tau	147,000	–
Binh Phuoc	147,000	–
Dong Nai	147,000	–

In the world market

In the most recent trading session, the International Pepper Community (IPC) listed the price of Indonesian Lampung black pepper at 7,169 USD/ton, up 0.11% (equivalent to 12 USD/ton) compared to the previous trading session.

However, pepper prices at other producers remained generally stable. Currently, Brazilian ASTA 570 black pepper is quoted at $6,150/ton and Malaysian Kuching black pepper is $9,000/ton.

Vietnam black pepper prices continue to remain stable at around 6,350 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l.

Type name	World black pepper price list
	February 1 (Unit: USD/ton)	% change from previous day
Lampung Black Pepper (Indonesia)	7,169	+0.11
Brazilian Black Pepper ASTA 570	6.150	–
Kuching Black Pepper (Malaysia) ASTA	9,000	–
Vietnamese black pepper (500 g/l)	6,350	–
Vietnamese black pepper (500 g/l)	6,650	–

At the same time of survey, the price of Indonesian Muntok white pepper suddenly increased sharply by 2.23% (216 USD/ton), up to 9,672 USD/ton.

Meanwhile,  Vietnam's white pepper  export  price remained stable at 9,550 USD/ton and Malaysian ASTA white pepper reached 11,600 USD/ton.

Type name	World white pepper price list
	February 1 (Unit: USD/ton)	% change from previous day
Muntok Indonesian White Pepper	9,672	+2.23
ASTA Malaysian White Pepper	11,600	–
Vietnam white pepper	9,550	–

Update pepper information

According to statistics from the Vietnam Pepper and Spices Association (VPSA), pepper export turnover in 2024 will reach 1.3 billion USD, an increase of more than 45% compared to 2023, exceeding the expectations of Vietnamese pepper processing enterprises, contributing to bringing pepper back to the list of billion-dollar agricultural export products.

Among pepper exporting enterprises, Olam is at the top, followed by Phuc Sinh, Nedspice Vietnam, Haprosimex JSC and Tran Chau.

Responding to  VNA , Mr. Phan Minh Thong, Chairman of the Board of Directors of Phuc Sinh Joint Stock Company, said that in the 30-year export journey, pepper prices in Vietnam increased sharply from 2010 to their peak in 2015. At that time, pepper became a billion-dollar industry and the price of 1 ton of pepper was equivalent to 6.5 taels of gold, or 10,700 USD.

This was also the reason why pepper was called “black gold” at that time. With this price increase, pepper growers began to speculate. In 2015, many farmers still had 3 tons and 5 tons of pepper stored at home, expecting the price to increase to 250 million VND/ton before selling.

But the development of all things will decline after the peak, so soon after that, pepper prices turned around and continuously decreased. By 2019, pepper prices were only 36 million VND/ton, "evaporating" 85% in 3.5 years. The decline in pepper prices caused most pepper growers to be in dire straits, neglecting and switching crops, creating a situation where demand exceeds supply from 2023 until now, so pepper is in short supply again.

By the end of 2023, the country's pepper output will reach about 170,000 tons and will decrease to about 160,000 tons in 2024, which is nearly half of the peak of 300,000 tons in 2015. The small output has helped pepper prices rebound, increasing export value in 2024.

On the side of producers and cooperatives, Mr. Nguyen Tan Cong, Chairman of the Board of Directors of Nam Yang Cooperative (Gia Lai) said that currently, after going through many lessons learned, instead of choosing pure cultivation, people now focus on models of growing pepper intercropped, multicropped with coffee and fruit trees.

Developing pepper in the direction of intercropping and polyculture will be sustainable, thereby helping farmers reduce investment costs and limit disease risks, moving towards safe agriculture. At that time, people will not overuse pesticides and chemical fertilizers on crops, instead using biological products and organic fertilizers to bring durability to the garden, helping to improve the quality of pepper products to enter the world market.

According to VietnamBiz.vn

Pepper Market on February 3, 2025

 

"Black Gold" Enters a New Price Increase Cycle?

Pepper prices today (February 3) continue to fluctuate in the range of 147,000 - 148,000 VND/kg. In general, the domestic price level is currently about 1,200 - 1,500 VND/kg higher than at the end of last year. After many years of "lying at rock bottom", pepper prices gradually recovered until 2024, when a new price increase cycle begins.

Update pepper price

In the domestic market

Survey shows that  pepper prices today are still stable at around 147,000 - 148,000 VND/kg. However, compared to the end of last year, the price of this item in the Central Highlands has increased by 1,200 - 1,500 VND/kg.

Specifically,  pepper prices   in Dak Lak and Dak Nong provinces reached the highest level of 148,200 VND/kg, an increase of 1,200 VND/kg compared to the end of last year.

Similarly, black pepper prices in Gia Lai province have increased by VND1,500/kg since the beginning of the year, to VND147,500/kg.

In other localities in the Southeast region such as Ba Ria - Vung Tau, Dong Nai and Binh Phuoc, pepper prices remained unchanged at 147,000 VND/kg.

Province/district (survey area)	Purchase price on February 3 (Unit: VND/kg)	Change compared to the end of 2024 (Unit: VND/kg)
Dak Lak	148,000	+1,000
Gia Lai	147,500	+1,500
Dak Nong	148,200	+1,200
Ba Ria – Vung Tau	147,000	–
Binh Phuoc	147,000	–
Dong Nai	147,000	–

In the world market

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Indonesian Lampung black pepper at 7,165 USD/ton, Brazilian ASTA 570 black pepper at 6,150 USD/ton and Malaysian Kuching black pepper at 9,000 USD/ton.

Vietnam black pepper prices continued to move sideways at around 6,350 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l.

Compared to the end of last year, black pepper prices in Indonesia and Malaysia increased sharply by 4.5 - 5.9%, while Brazil and Vietnam witnessed a decrease of 0.7 - 2%.

Type name	World black pepper price list
	February 3 (Unit: USD/ton)	% change from end of 2024
Lampung Black Pepper (Indonesia)	7,165	4.5
Brazilian Black Pepper ASTA 570	6.150	-2.0
Kuching Black Pepper (Malaysia) ASTA	9,000	5.9
Vietnamese black pepper (500 g/l)	6,350	-0.8
Vietnamese black pepper (500 g/l)	6,650	-0.7

At the same time of survey, the price of Indonesian Muntok white pepper stood at 9,672 USD/ton. Meanwhile, the price of Vietnamese white pepper remained stable at 9,550 USD/ton and Malaysian ASTA white pepper was 11,600 USD/ton.

Since the beginning of the year, the price of white pepper in Indonesia has increased by 7.8%, Malaysia increased by 8.4%, and Vietnam decreased by 0.5%.

Type name	World white pepper price list
	February 3 (Unit: USD/ton)	% change from end of 2024
Muntok Indonesian White Pepper	9,672	7.8
ASTA Malaysian White Pepper	11,600	8.4
Vietnam white pepper	9,550	-0.5

Update pepper information

Many previous forecasts have said that in the next few years, global pepper production will still not be enough to meet consumer demand. Therefore, prices will start to increase sharply from 2024, helping this industry in Vietnam enter a new golden age.

“With the current situation, global pepper production cannot meet the increasing demand in the next 3-5 years. In our country, this strong grain is entering a new price increase cycle, making up for the years when prices were too low,” said Ms. Hoang Thi Lien, Chairwoman of the Vietnam Pepper and Spice Association (VPSA).

In pepper growing areas in our country, farmers are also calmer in the face of price fever. Instead of growing pepper purely and massively expanding the area, they now focus more on quality, switch to sustainable farming, choose intercropping to reduce investment costs and adapt to climate change.

 In addition to exporting  raw products , businesses  also aim to make value-added products to target niche markets, while building a high-quality Vietnamese pepper brand, according to  Vietnamnet Newspaper .

According to VietnamB

Pepper price today 2/1/2025

 

Pepper price today 1/2/2025, stable domestically, increasing internationally

Báo Công thương•31/01/2025

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Pepper price on 2/1.

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on February 1, 2025 as follows: The domestic pepper market remains stable, with little fluctuation and anchored at a fairly high level. This is a series of days with little price fluctuation during the Lunar New Year holiday of At Ty in 2025. Currently, the highest pepper price in key markets is 148,200 VND/kg.

Specifically, pepper prices today in Gia Lai province remained stable and were purchased at 147,500 VND.

Pepper prices in Ba Ria - Vung Tau province continue to remain stable, but are still low compared to the whole country, the current purchase price is 147,000 VND/kg; similarly, pepper prices in Binh Phuoc remain stable compared to the previous trading session, currently the pepper purchase price is 147,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong are currently at a fairly high level, with the current purchase price of pepper in these two localities at 148,200 VND/kg.

Domestic pepper price updated on February 1, 2025

The Vietnam Pepper and Spice Association forecasts that global pepper output in 2025 will continue to decrease compared to 2024, marking the fourth consecutive year of decline since 2022. This reflects the fact that pepper is no longer the main crop of many farmers. In addition, climate change with extreme weather events has reduced productivity and increased the cost of maintaining pepper production.

However, according to experts, pepper prices in Vietnam are still stable at around 140,000 - 150,000 VND/kg in the last months of 2024 and early 2025. This is a signal that prices will not fluctuate strongly, even though the market is facing a decrease in output from some major producing countries.

Global pepper supply will continue to decline in 2025, while demand from major markets such as the US and Europe will remain stable, creating momentum for prices to remain high. Meanwhile, China is currently facing low pepper inventories and may start buying again after the Lunar New Year, when Vietnam's main harvest begins.

Farmers in Gia Lai province harvest pepper.

In 2024, China will reduce pepper imports from Vietnam by 82.4% but increase imports from Indonesia by 76.8%. However, this increase in imports is still not enough to meet total consumption demand in China. Pepper inventories in this market are low, while expectations of a price decrease have not come true as prices have remained stable at VND140,000/kg for the past 3 months. It is forecasted that China will probably wait until Vietnam's main harvest (after Tet) to start buying again.

Brazil’s pepper output is forecast to recover in 2025, while Indonesia may see a drop in output due to investment difficulties and unfavorable weather conditions. India, a major consumer, is also forecast to see a drop in output due to the impact of floods, leading farmers to limit investment and liquidate inventories as domestic prices fall.

Green, fruit-laden pepper fields in Gia Lai province

World pepper price today

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on February 1, 2025 as follows: After many days of sideways movement, the pepper market has begun to become active, with pepper prices in Indonesia increasing again, from 8 - 216 USD/ton; other countries continue to be stable, with little fluctuation and are anchored at high levels.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,165 USD/ton (up 8 USD/ton); similarly, Muntok white pepper is currently purchased at 9,672 USD/ton (up 216 USD/ton) compared to the previous trading session.

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. 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.

Update world pepper prices today February 1, 2025

According to Thebusinessresearchcompany, the global black pepper market has grown rapidly in recent years. The market is expected to increase from US$3.86 billion in 2024 to US$4.12 billion in 2025, at a compound annual growth rate (CAGR) of 6.7%.

Source: https://congthuong.vn/gia-tieu-hom-nay-122025-trong-nuoc-on-dinh-the-gioi-tang-371782.html

Pepper Market on January 29, 2025

 

The market is quiet during the Lunar New Year holiday

Pepper prices today (January 29) remained stable at 147,000 - 148,000 VND/kg, the market was generally quiet in the first days of the Lunar New Year holiday. Similarly, world pepper prices also remained mostly flat.

Update pepper price

In the domestic market

Survey shows that  pepper prices  today remain stable at 147,000 - 148,200 VND/kg in key provinces and cities.

In the Central Highlands region,  pepper prices   in Dak Lak and Dak Nong provinces are being purchased at the highest level of 148,200 VND/kg. Following is pepper prices in Gia Lai province at 147,500 VND/kg.

In the Southeast region, pepper prices in Ba Ria - Vung Tau, Dong Nai and Binh Phuoc were purchased at 147,000 VND/kg.

Province/district (survey area)	Purchase price on January 29 (Unit: VND/kg)	Change from previous day (Unit: VND/kg)
Dak Lak	148,000	–
Gia Lai	147,500	–
Dak Nong	148,200	–
Ba Ria – Vung Tau	147,000	–
Binh Phuoc	147,000	–
Dong Nai	147,000	–

In the world market

Similar to the domestic market in Vietnam, pepper prices at other suppliers have also remained mostly flat in recent trading sessions.

In the most recent trading session, the International Pepper Community (IPC) listed Lampung black pepper (Indonesia) at 7,157 USD/ton; ASTA 570 Brazilian black pepper at 6,150 USD/ton and Kuching Malaysian black pepper at 9,000 USD/ton.

Vietnam black pepper prices continued to move sideways at around 6,350 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l.

Type name	World black pepper price list
	January 29 (Unit: USD/ton)	% change from previous day
Lampung Black Pepper (Indonesia)	7,157	–
Brazilian Black Pepper ASTA 570	6.150	–
Kuching Black Pepper (Malaysia) ASTA	9,000	–
Vietnamese black pepper (500 g/l)	6,350	–
Vietnamese black pepper (500 g/l)	6,650	–

At the same time of survey, the price of Indonesian Muntok white pepper reached 9,456 USD/ton. Meanwhile, the  export  price  of Vietnamese white pepper reached 9,550 USD/ton and Malaysian ASTA white pepper reached 11,600 USD/ton.

Type name	World white pepper price list
	January 29 (Unit: USD/ton)	% change from previous day
Muntok Indonesian White Pepper	9,456	–
ASTA Malaysian White Pepper	11,600	–
Vietnam white pepper	9,550	–

Update pepper information

According to IPC, the average FOB price of black pepper from major producing countries in 2024 increased by about 45% compared to the previous year. Meanwhile, the average FOB price of white pepper recorded a lower increase of about 34%.

Brazil's FOB black pepper export price recorded a sharp increase compared to producing countries with an increase of 48.4%, from an average of 3,125 USD/ton in 2023 to 4,639 USD/ton in 2024.

In 2024, Malaysia also recorded an increase of 37% for FOB black pepper prices and 26% for white pepper, averaging USD 6,718/ton and USD 8,881/ton, respectively.

The FOB price of black pepper exported from India recorded an increase of 11%, the lowest increase among producing countries, from an average of 6,713 USD/ton in 2023 to 7,460 USD/ton in 2024. This is also the country with the highest pepper price in the world in 2024.

In line with the world's upward trend, Indonesia's FOB black pepper export price also recorded an increase of 53%, from an average of 3,824 USD/ton in 2023 to 5,855 USD/ton in 2024. Meanwhile, the FOB price of Indonesian white pepper increased by 26%, from an average of 6,212 USD/ton in 2023 to 7,852 USD/ton in 2024.

Also according to IPC data, the price of 500 g/l black pepper in Vietnam in 2024 will average 5,447 USD/ton, up 58.6% compared to 2023. In addition, the price of white pepper will increase by 61.3% and reach an average of 8,061 USD/ton.

According to the Vietnam Pepper and Spice Association (VPSA), global pepper prices in 2025 are expected to remain high due to a decrease in supply, while demand in major markets such as the US and Europe remains stable. The demand for pepper in the food and spice processing industries remains the main driver of the market.

According to VietnamBiz.vn

Pepper Market on January 30, 2025: Pepper trade in India to soar in 2024

 

Pepper Market on January 30, 2025: Pepper trade in India to soar in 2024

Pepper prices today remain stable at 147,000 - 148,000 VND/kg. As of November 2024, India imported 43,879 tons of pepper of all kinds, a sharp increase of 37.8% compared to the same period in 2023. Sri Lanka, Vietnam and Brazil are the three main suppliers to this country.

Update pepper price

In the domestic market

According to records,  pepper prices today (January 30) continue to move sideways at 147,000 - 148,000 VND/kg.

Specifically,  pepper prices   in Dak Lak and Dak Nong provinces reached the highest level of 148,200 VND/kg. Next was pepper prices in Gia Lai province at 147,500 VND/kg.

Pepper prices in other localities in the Southeast region such as Ba Ria - Vung Tau, Dong Nai and Binh Phuoc are lower at 147,000 VND/kg.

Province/district (survey area)	Purchase price on January 30 (Unit: VND/kg)	Change from previous day (Unit: VND/kg)
Dak Lak	148,000	–
Gia Lai	147,500	–
Dak Nong	148,200	–
Ba Ria – Vung Tau	147,000	–
Binh Phuoc	147,000	–
Dong Nai	147,000	–

In the world market

The domestic market of Vietnam, the world's largest pepper producer and  exporter   , closed for the Lunar New Year holiday, also causing a lull in the international market.

Currently, the International Pepper Community (IPC) is listing the price of Lampung black pepper (Indonesia) at 7,157 USD/ton; ASTA 570 black pepper from Brazil is priced at 6,150 USD/ton and Kuching black pepper from Malaysia is priced at 9,000 USD/ton.

Vietnam black pepper prices remained stable at around 6,350 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l.

Type name	World black pepper price list
	January 30 (Unit: USD/ton)	% change from previous day
Lampung Black Pepper (Indonesia)	7,157	–
Brazilian Black Pepper ASTA 570	6.150	–
Kuching Black Pepper (Malaysia) ASTA	9,000	–
Vietnamese black pepper (500 g/l)	6,350	–
Vietnamese black pepper (500 g/l)	6,650	–

Similarly, the price of Indonesian Muntok white pepper remained unchanged at USD 9,456/ton. Meanwhile, the export price of Vietnamese white pepper was USD 9,550/ton and Malaysian ASTA white pepper was USD 11,600/ton.

Type name	World white pepper price list
	January 30 (Unit: USD/ton)	% change from previous day
Muntok Indonesian White Pepper	9,456	–
ASTA Malaysian White Pepper	11,600	–
Vietnam white pepper	9,550	–

Update pepper information

According to IPC, in 2023 India surpassed Brazil to become the second largest pepper producing country in the world, however, most of India's pepper production is consumed domestically.

In 2024, India's pepper output will reach 125,000 tons and is the country with the highest increase in pepper production of about 7% (8,000 tons) compared to 2023.

However, the IPC forecasts that the situation will not be optimistic in 2025 when the output reduction could be up to 38%. The reason is the impact of floods and rains, leading to farmers limiting investment and liquidating inventories when domestic prices decrease.

As of November 2024, India exported 18,196 tons of pepper, an increase of 30% (4,200 tons) compared to 13,997 tons in the same period in 2023. Of which, the US is the largest export market with a volume of 7,130 tons, a sharp increase of 39.2% over the same period.

Meanwhile, India also  imported   43,879 tons of pepper from other countries in the first 11 months of 2024, a sharp increase of 37.8% compared to the same period in 2023. Sri Lanka, Vietnam and Brazil are the three main suppliers to India. Accordingly, imports from Sri Lanka reached 21,886 tons, up 75.3%; from Vietnam reached 9,809 tons, up 2%; from Brazil reached 6,466 tons, up 39.8%.

Domestic consumption of pepper increased significantly last year to 131,000 tonnes due to increased demand from masala manufacturers, the Indian Pepper and Spices Trade Association (IPSTA) said.

According to IPC data, the FOB export price of black pepper from India recorded an increase of 11%, the lowest increase among producing countries, from an average of USD 6,713/ton in 2023 to USD 7,460/ton in 2024.

According to VietnamBiz.vn