(VAN) Pepper prices on February 11, 2025, showed mixed movements, while domestic prices increased by VND 1,000 – 2,000, reaching VND 157,500 – 160,000/kg.
Pepper prices on February 11 domestically
Global pepper prices today, February 11, 2025, showed mixed movements.
In Indonesia, black pepper Lampung decreased slightly by 0.15% to $ 7,265/ton, while white pepper Muntok increased by 2.57% to $ 10,028/ton.
In Malaysia, Kuching ASTA black pepper remained at $ 9,000/ton, and ASTA white pepper was priced at $ 11,600/ton.
In Brazil, ASTA 570 black pepper rose by 2.99% to $ 6,700/ton.
In Vietnam, export black pepper prices dropped, with 500 g/l at $6,500/ton and 550 g/l at $ 6,650/ton. Similarly, export white pepper stood at $ 9,550/ton.
Global pepper prices today, February 11, 2025, showed mixed movements in Indonesia and a sharp increase in Brazil’s black pepper. Meanwhile, hog prices in other countries remained unchanged.
According to data from India’s Ministry of Commerce, India’s pepper exports in the first 11 months of 2024 reached 18,196 tons, up 30% compared to 2023. However, during the same period, the country also imported 43,879 tons of various types of pepper, marking a 37.8% increase.
The primary suppliers were Sri Lanka and Vietnam, with volumes of 21,894 tons and 9,911 tons, respectively, rising by 2.5% and 75.4% year-over-year. The Hindu Business Line reported that while Indian black pepper remains crucial in global trade, its exports have declined over the past decades.
Research from Kerala Agricultural University indicates that duty-free black pepper imports from Vietnam via Sri Lanka under the South Asian Free Trade Agreement (SAFTA) have made imported pepper cheaper than domestic supplies.
As a result, exporters specializing in value-added products are increasingly reliant on imported pepper, leading to lower market prices in India and negatively impacting small-scale farmers.
Thus, global pepper prices on February 11, 2025, showed uneven fluctuations compared to yesterday.
Pepper prices on February 11 domestically
In Vietnam, domestic pepper prices continued their upward trend compared to yesterday.
Latest Domestic and Global Pepper Prices on February 11, 2025
Specifically, Dak Lak saw an increase of VND 2,000, reaching VND 160,000/kg.
In Dak Nong, pepper prices also hit VND 160,000/kg, up VND 1,000.
Gia Lai recorded a trading price of VND 157,500/kg, rising by VND 1,500.
In Dong Nai, traders purchased pepper at VND 158,000/kg, an increase of VND 1,000.
Ba Ria – Vung Tau’s pepper prices also climbed by VND 1,000 to VND 158,000/kg.
Meanwhile, in Binh Phuoc, traders were buying at VND 158,000/kg, up VND 1,000.
Domestic pepper prices today increased by VND 1,000 – 2,000. With continuous rises in recent times, domestic pepper has now reached a high of VND 160,000/kg.
Thus, on February 11, 2025, domestic pepper prices are trading around VND 157,500 – 160,000/kg.
$ 1 = VND 25.310 – Source: Vietcombank.
Agriculture News | Agri Products Price