Domestic pepper prices: Unexpectedly high
As of 12:00 today (February 2), the domestic pepper market unexpectedly increased sharply, an average increase of 700 VND/kg. Currently, the purchase price of pepper is recorded at 145,000 - 147,000 VND/kg.
Pepper prices in Ba Ria - Vung Tau increased by VND 1,000/kg, currently hovering at VND 146,000/kg.
Gia Lai increased by 500 VND/kg, currently listed at 145,000 VND/kg. Meanwhile, Binh Phuoc kept the same price compared to the previous session.
In the same direction, Dak Lak and Dak Nong are anchored at 145,000 VND/kg and 147,000 VND/kg, both increasing by 1,000 VND/kg.
World pepper prices: The market is quiet
In the world market, pepper prices remained stable in most regions. After a series of price increases, the Indonesian market - one of the most vibrant exchanges - kept its discount unchanged. Currently, these two items have decreased by 0.27% and 0.3%, listed at 7,427 USD/ton (equivalent to 194,662 VND/kg); white pepper is listed at 10,125 USD/ton (about 265,377 VND/kg).
In Vietnam, the export price of black pepper of 500 g/l and 550 g/l decreased more than 3%, currently at 6,500 - 6,600 USD/ton (equivalent to 170,365 - 172,986 VND/kg). ASTA white pepper prices also decreased, at 9,500 USD/ton (about 248,995 VND/kg).
The Malaysia and Brazil exchanges alone are stable. Malaysia's white rice continues to hold the highest price globally at 11,850 USD/ton (equivalent to 310,589 VND/kg).
Assessment and forecast
In 2024, pepper yield will reach 12.5 quintals/ha, higher than in 2023 and the selling price will also be high, bringing in large incomes for farmers. However, the sharp decline in productivity in 2025 has made many garden owners worried.
The relevant agencies are coordinating to review damage, guide the restoration of pepper gardens and study new, well-resistant varieties. After the 2025 harvest, there will be specific technical instructions to improve the soil, take care of the garden and build an effective irrigation system.
Faced with changes in weather and prices, the agricultural sector needs to focus on restoring old pepper gardens, planning new growing areas, applying sustainable agriculture in the direction of GAP, organic, water-saving and effective disease management. At the same time, building a sustainable value chain, connecting businesses and farmers to improve productivity, quality and stable income.
