Pepper prices on January 14, 2025: Few new fluctuations

Pepper prices on January 14 globally

Globally, pepper prices on January 14 saw a sharp increase in Indonesia.

Specifically, the price of Lampung black pepper in Indonesia rose by 4.39% to $ 7,155/ton, while the price of Muntok white pepper increased significantly by 3.19% to $ 9,248/ton.

The price of Kuching ASTA black pepper in Malaysia is $ 8,700/ton, while ASTA white pepper from the same country is priced at $ 11,100/ton.

In Brazil, the price of ASTA 570 black pepper is trading at $ 6,350/ton.

In Vietnam, export prices for black pepper have uniformly decreased, with the 500 g/l variety trading at $ 6,350/ton and the 550 g/l variety priced at $ 6,650/ton. Similarly, export prices for white pepper are at $ 9,550/ton.

Global pepper prices today increased by more than 3% in Indonesia, while other countries remained stable.

Thus, global pepper prices on January 14, 2025, only rose in Indonesia compared to yesterday.

Pepper prices on January 14 domestically

Domestically, pepper prices on January 14 showed few new fluctuations compared to yesterday.

Specifically, Dak Lak remained steady at VND 147,000/kg.

Pepper prices in Dak Nong decreased by VND 300, reaching VND 147,200/kg.

Gia Lai continued trading at VND 147,000/kg.

Traders in Dong Nai continued purchasing pepper at VND 147,000/kg.

Pepper prices in Ba Ria - Vung Tau stood at VND 147,000/kg.

Meanwhile, traders in Binh Phuoc maintained prices at VND 147,000/kg.

Domestic pepper prices today saw a slight decrease of VND 300 in Dak Nong, while other key regions remained stable. As a result, domestic pepper prices are still holding at a high level of VND 147,000/kg.

According to Mrs. Hoang Thi Lien, President of VPSA, climate change, which makes weather increasingly unpredictable, is a major challenge for farmers because it raises costs for irrigation and pest control to boost productivity. Climate change also exacerbates pest problems on pepper plants (quick death disease, nematodes, leaf wilt disease, etc.).\

Moreover, regulations regarding pesticide residues and environmental standards in major markets are creating pressure on the pepper industry to adjust cultivation methods and production processes.

To overcome these challenges, the pepper industry must adopt sustainable development practices. One of the crucial solutions for the sustainable development of this crop is applying Integrated Pest Management (IPM) and, even further, applying Integrated Plant Health Management (IPHM) processes...

Thus, domestic pepper prices on January 14, 2025, are trading around VND 147,000 - 147,500/kg.

$ 1 = VND 25.173 - Source: Vietcombank.