(VAN) Pepper prices on February 12, 2025, surged by VND 3,000 – 4,500/kg compared to the previous session, approaching the record level of VND 165,000/kg.
Pepper prices on February 12 domestically
Pepper prices in Vietnam continued their strong upward trend on February 12, 2025, with key regions recording increases of VND 3,000 – 4,500/kg compared to the previous session. This marks the most significant rise since the beginning of the year, pushing domestic prices close to the record level of VND 165,000/kg.
Specifically, today’s pepper prices in different provinces are as follows:
- Dak Lak: VND 164,000/kg (+VND 4,000/kg)
- Dak Nong: VND 164,000/kg (+VND 4,000/kg)
- Gia Lai: VND 162,000/kg (+VND 4,500/kg)
- Binh Phuoc: VND 162,000/kg (+VND 4,000/kg)
- Dong Nai: VND 161,000/kg (+VND 3,000/kg)
- Ba Ria – Vung Tau: VND 161,000/kg (+VND 3,000/kg)
Thus, the highest price recorded today is VND 164,000/kg in Dak Lak and Dak Nong, while the lowest is VND 161,000/kg in Ba Ria – Vung Tau.
Reasons for the sharp increase in pepper prices: According to experts, domestic pepper prices have surged due to strong demand from major export markets such as China, the US, and the EU. Additionally, Vietnam’s pepper supply remains limited due to a reduction in cultivation area and unfavorable weather conditions in recent times. Farmers are also holding back on sales, anticipating further price increases, which has added upward pressure on prices.
Pepper prices on February 12 globally
On the global market, pepper prices showed slight fluctuations, with a stable or rising trend in some major producing countries. Data from the International Pepper Community (IPC) indicates mixed movements across key markets such as Indonesia, Brazil, and Malaysia.
1. Black Pepper Prices:
- Lampung (Indonesia): $7,251/ton (-0.19%)
- ASTA 570 (Brazil): $6,700/ton (+2.99%)
- Kuching ASTA (Malaysia): $9,000/ton (stable)
- Vietnam (500 g/l): $6,500/ton (unchanged)
- Vietnam (550 g/l): $6,650/ton (unchanged)
2. White Pepper Prices:
- Muntok (Indonesia): $10,010/ton (-0.18%)
- ASTA (Malaysia): $11,600/ton (stable)
Global Pepper Market Overview:
- Brazil: Pepper prices surged due to high export demand and reduced domestic supply.
- Indonesia: Prices saw a slight decline as stockpiles increased following the holiday period.
- Malaysia: Prices remained stable, supported by balanced domestic and export demand.
- Vietnam: Export prices remained steady but were still lower compared to other regional producers.
$ 1 = VND 25.350 – Source: Vietcombank.
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