(VAN) Pepper prices on January 12, 2025, in the domestic market decreased by VND 500 – 2,000, domestic pepper trading at VND 147,000 – 147,500/kg.
Latest domestic and global pepper price update on January 12, 2025
Pepper prices on January 12 globally
Global pepper prices as of January 12 remain unchanged.
Specifically, the price of black pepper from Lampung, Indonesia, stays at $ 6,841/ton, while white pepper from Muntok remains stable at $ 8,953/ton.
In Malaysia, Kuching ASTA black pepper is priced at $ 8,700/ton, while ASTA white pepper from the same country is trading at $ 11,100/ton.
As for the Brazilian market, ASTA 570 black pepper is being traded at $ 6,350/ton.
In Vietnam, export prices for black pepper have simultaneously decreased, with the 500 g/l type trading at $ 6,350/ton and the 550 g/l type priced at $ 6,650/ton. Similarly, white pepper for export is currently priced at $ 9,550/ton.
Global pepper prices remained steady today. Summarizing the week, the global pepper market exhibited mixed trends. Notably, while prices in most countries increased, export pepper prices from Vietnam declined significantly.
In India, with the new harvest season expected to commence in January 2025, traders are offloading their limited inventory, leading to a reduced supply last month.
Domestic demand for pepper in India is also on the rise, with traders predicting that demand may continue driving prices higher. However, imports from countries such as Sri Lanka and Vietnam decreased in November due to the weakening value of the Indian Rupee.
The price of MG1 black pepper in India currently stands at USD 8.05/kg. This price is forecasted to increase in the medium term after remaining stable, driven by constraints in global supply.
Thus, global pepper prices on January 12, 2025, remain stable compared to yesterday.
Pepper prices on January 12 domestically
Domestically, pepper prices turned downward today compared to yesterday.
Specifically, prices in Dak Lak remained steady at VND 147,000/kg.
Pepper prices in Dak Nong held at VND 148,000/kg.
In Gia Lai, pepper continues to be traded at VND 147,000/kg.
Traders in Dong Nai are still purchasing pepper at VND 149,000/kg.
Pepper prices in Ba Ria – Vung Tau stand at VND 149,000/kg.
Meanwhile, traders in Binh Phuoc are maintaining transactions at VND 149,000/kg.
The domestic pepper price today decreased by VND 500 in Dak Nong, and remained steady in Dak Lak and Gia Lai, while other key regions experienced a significant drop of VND 2,000.
The recent sharp price declines have brought the price of pepper down to VND 147,000/kg. Summarizing this week, the domestic pepper market saw a significant decrease of VND 1,000 – 2,500.
Thus, domestic pepper prices on January 12, 2025, are trading around VND 147,000 – 147,500/kg.
$ 1 = VND 25.168 – Source: Vietcombank.
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