After many increasing sessions, the market price has stabilized, but is still anchored at a high level, of which in Dak Nong province, it was recorded at 150,000 VND/kg; Other localities increased slightly. Currently, the average price of pepper purchased in localities is 148,800 VND/kg.
After many increasing sessions, the market price has stabilized, but is still anchored at a high level, of which in Dak Nong province, it was recorded at 150,000 VND/kg; Other localities increased slightly. Currently, the average price of pepper purchased in localities is 148,800 VND/kg.
Specifically, today's pepper price in Dak Nong province is currently at the purchasing price of 150,000 VND/kg; Pepper price in Dak Lak province is currently at 149,000 VND/kg; Binh Phuoc pepper price was purchased at 148,000 VND/kg; Gia Lai pepper price is at 148,000 VND/kg; Ba Ria - Vung Tau pepper price is still at 149,000 VND/kg.
Experts say that in 2024, although the world economy fluctuates, businesses will be affected by logistics costs, price fluctuations and competition from other manufacturing countries. However, Vietnam's pepper and spice industry still achieved impressive growth. In particular, the pepper industry returned to the billion-dollar export group after many years of stagnation.
According to data from the Import-Export Department (Ministry of Industry and Trade), in 2024, Vietnam's pepper exports are estimated to reach 250,000 tons of pepper, with a turnover value of more than 1.3 billion USD, down 6.1%. in volume but increased by 44.7% in value compared to 2023. This is also the highest export value of the pepper industry since 2017 up to now.
However, currently Vietnam's pepper industry faces many challenges such as adverse weather, rising production costs and diseases, while pepper growing area is decreasing due to restructuring of crops.
Based on factors such as rising production costs, adverse weather, reduced supply, increased consumption demand... pepper traders predict that the pepper market will continue its upward trend in major localities. , especially areas with high purchasing demand such as Dak Nong, Ba Ria - Vung Tau, and Dak Lak. The increase can range from 500 - 1,500 VND/kg depending on the region, helping domestic pepper prices maintain competitiveness in the international market.
It is forecast that in 2025, major markets such as China, the US and the EU will continue to increase imports. China imported 9,677 tons of pepper in the first 11 months of 2024, a sharp increase in volume and value. Global pepper prices remain high due to reduced supply and increased demand, especially in the US, where black pepper prices peaked at 8,693 USD/ton in June 2024.
World pepper price update from the International Pepper Association (IPC) at 4:30 am on January 6, 2025 is as follows: the world pepper market, after many exciting increasing sessions, has stabilized again and is anchored at a fairly high level.
Specifically, IPC listed the price of Lampung black pepper from Indonesia at 6,832 USD/ton, similar to the price of Muntok white pepper purchased at 8,940 USD/ton.
The Malaysian pepper market remains high, currently the price of Malaysian ASTA black pepper is purchased at a price of 8,600 USD/ton compared to the previous trading session; ASTA white pepper price is at 10,900 USD/ton.
The Brazilian pepper market is stable, less volatile compared to the previous trading session, currently the price is at 6,325 USD/ton.
https://thuongtruong.com.vn/news/gia-tieu-hom-nay-61-thi-truong-trong-nuoc-o-muc-cao-131960.html
