Domestic pepper prices: Decreased for 4 consecutive days
As of 11:30 today (February 15), domestic pepper prices have remained unchanged compared to the previous trading session, with an average decrease of VND 1,000/kg per session, currently the purchase price fluctuates between VND 157,000 - VND 160,000/kg. The average pepper purchase price nationwide today is 158,400 VND/kg.
Binh Phuoc and Gia Lai are the two provinces with the lowest pepper purchases in the country. Traders bought at a flat price, anchored at 157,000 VND/kg.
Purchasing at higher pepper prices, Ba Ria - Vung Tau puts it on the market at 158,000 VND/kg.
Dak Lak and Dak Nong both hold the position of the two provinces with the highest pepper purchasing prices in the country, currently garden owners in this area sell them on the market at 160,000 VND/kg.
World pepper prices: Continue to "increase"
According to the International Pepper Community, on the exchanges, black and white pepper prices in the Indonesian market moved in the same direction. Black and white pepper prices both increased by 0.49%, respectively standing at 7,294 USD/ton (equivalent to 186.581 VND/kg) and 10,068 USD/ton (equivalent to 257.540 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper traded at the end of the week was at 6,800 USD/ton.
In the Malaysian market, ASTA black and white pepper prices remained unchanged, anchored at 9,000 USD/ton and 11,600 USD/ton, respectively.
In Vietnam, black pepper prices for export remained unchanged, with 500 g/l traded at 6,500 USD/ton (equivalent to 166,400 VND/kg); 550 g/l at 6,650 USD/ton (equivalent to 170,240 VND/kg). Similarly, the price of white pepper for export is at 9,550 USD/ton (equivalent to 244.480 VND/kg).
In the Indian market, pepper prices remained unchanged in most pepper varieties after 2 consecutive increases. Garbled pepper costs 67,900 rupees/kg, (equivalent to 206,050 VND/kg), Ungarbled is listed at 65.900 rupees/kg, while gram/liter has the lowest price of 64,900 rupees/kg (exchanged at 196,946 VND/kg).
Assessment and forecast
Data from the Central Statistical Office of Indonesia (BPS) shows that in December 2024, Indonesia's pepper exports reached 4,673 tons, down 27.5% compared to the previous month but up to 2.8 times compared to the same period in 2023.
In 2024, Indonesia exported 55,475 tons of pepper of all kinds, earning 311.3 million USD, recording an increase of 132.9% in volume and 171.8% in turnover compared to 2023. This result helps Indonesia maintain its third position globally in terms of pepper exports, after Brazil and Vietnam.
In the country, farmers in localities are focusing on harvesting pepper. However, garden productivity in some areas has decreased due to the impact of the weather.
For example, in some pepper growing areas in Dak Nong, harsh weather has reduced productivity compared to 2024. However, pepper prices are still high, creating motivation for farmers in the process of harvesting and caring for their gardens.
Thanks to the systematic application of scientific techniques in pepper care, promoting production efficiency. The stages of harvesting, drying and preserving agricultural products are also focused on by the people, contributing to improving product quality, thereby increasing selling prices.
