DAILY: Vietnamese pepper prices increased slightly on February 19, 2025
Wednesday, February 19,2025
AsemconnectVietnam - According to Kinhtedothi, as of February 19, 2025, domestic pepper prices range from 159,000 to 162,500 VND/kg. Compared to yesterday, prices in Dak Nong have increased slightly by 500 VND/kg, while other regions remain stable.
This year, unseasonal rainfall during the dry season has led to lower temperatures, causing delays in the pepper harvest across multiple areas.
Domestic Pepper Prices Update:
• Dak Lak: 162,000 VND/kg.
• Dak Nong: 162,500 VND/kg (+500 VND/kg).
• Gia Lai: 160,000 VND/kg.
• Dong Nai: 159,000 VND/kg.
• Ba Ria - Vung Tau: 160,000 VND/kg.
• Binh Phuoc: 160,000 VND/kg.
Prices have increased slightly in Dak Nong, while remaining stable in other regions compared to yesterday morning.
Global Pepper Market Trends:
According to the International Pepper Community (IPC), global pepper prices are as follows:
• Black Pepper Lampung (Indonesia): $7,298/ton.
• Black Pepper Brazil ASTA 570: $6,800/ton.
• Black Pepper Kuching (Malaysia) ASTA: $9,000/ton.
• White Pepper Muntok: $10,143/ton.
• White Pepper Malaysia ASTA: $11,600/ton.
• Vietnamese Black Pepper:
o 500 g/l: $6,500/ton.
o 550 g/l: $6,650/ton.
o White Pepper: $9,550/ton.
Market Outlook:
According to Vietnam’s Ministry of Industry and Trade’s Industrial and Trade Information Center (VITIC), global pepper prices experienced a sharp rise in mid-2024 and are expected to continue increasing in 2025. The main reason is the declining supply while demand remains high.
Additionally, if China - a major consumer but a relatively small importer in 2024 - starts to increase its purchases, pepper prices could surge even further.
The Ba Ria - Vung Tau newspaper also reported that by mid-February, the region is typically in the middle of the dry season. However, unseasonal rainfall has appeared, affecting not only agricultural production but also local livelihoods.
Mr. Nguyen Van Tru, a pepper farmer in Chau Duc district, stated: “This year’s pepper harvest is slower than usual due to weather changes.”
The harvest delays, coupled with concerns over productivity losses, are driving pepper prices up again this week.
Vietnam’s pepper industry is set for an eventful year in 2025 as global production continues to decline while demand from key markets fluctuates, creating both challenges and opportunities for exporters.
According to Hoang Thi Lien, Chairwoman of the Vietnam Pepper and Spice Association, global pepper output is expected to fall for the fourth consecutive year in 2025. The decline reflects a shift away from pepper cultivation, as farmers opt for more profitable crops such as durian, coffee, and oil palm. Additionally, climate change and extreme weather conditions have negatively impacted yields, increasing production costs.
China, a major importer of Vietnamese pepper, has significantly reduced its purchases, instead increasing imports from Indonesia by 76.8%. As a result, Vietnam’s pepper exports to China dropped by 82% in 2024. However, despite this shift, Lien noted that China still has substantial demand for pepper, suggesting that it will continue to rely on Vietnamese supply during the 2025 harvest season.
T.Huong
Source: Vitic
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