Domestic Pepper Prices:
Đắk Lắk: 151,000 VND/kg (+1,000 VND)
Đắk Nông: 151,500 VND/kg (+1,300 VND)
Gia Lai: 150,000 VND/kg (+1,000 VND)
Đồng Nai: 149,500 VND/kg (+1,000 VND)
Bà Rịa - Vũng Tàu: 150,000 VND/kg (+1,000 VND)
Bình Phước: 150,000 VND/kg (+1,000 VND)
Early morning prices have increased by 1,000 - 1,300 VND/kg in various provinces compared to the same time yesterday. Domestically, many regions have started harvesting the new crop right after the Lunar New Year.
Harvest and Market Trends
According to Đắk Nông Radio and Television Station, local farmers have begun harvesting pepper. Compared to the same period in 2024, pepper prices this year show positive signals, bringing optimism and expectations for a profitable season.
This year, unpredictable weather has caused a decline in yield and uneven ripening of the crop. To ensure quality, most farmers in Đắk Nông only started harvesting after the Tet holiday. Despite lower productivity, high prices bring hope for a successful season.
Vietnam’s Pepper Export Performance in 2024
In 2024, Vietnam exported 250,600 tonnes of various types of pepper:
Black pepper: 220,269 tonnes
White pepper: 30,331 tonnes
Total export value: Over $1.3 billion
Black pepper: $1.12 billion
White pepper: $200 million
Although export volume declined by 5.1% compared to 2023, the export revenue surged by 45.4% due to soaring prices.
The average export price of black pepper in 2024 was $5,154/ton, a 49.7% increase.
The average export price of white pepper reached $6,884/ton, up 38.9% from the previous year.
International Pepper Prices (Latest IPC Update)
· Black Pepper:
Lampung (Indonesia): $7,283/ton (+0.34%)
Brazil ASTA 570: $6,300/ton
Kuching (Malaysia) ASTA: $9,000/ton
Vietnam 500 g/l: $6,500/ton (+$150, up 2.31%)
Vietnam 550 g/l: $6,650/ton
· White Pepper:
Muntok (Indonesia): $9,780/ton (+0.35%)
Malaysia ASTA: $11,600/ton
Vietnam: $9,550/ton
The International Pepper Community (IPC) raised prices for Indonesian black pepper and Vietnamese black pepper for export.
T.Huong
Source: Kinhtedothi