
Black Pepper Rate Today: January 6, 2025
As of January 6, 2025, the black pepper rate today in Vietnam has experienced a significant increase, marking a strong start to the new year. The domestic price of black pepper ranges from 148,000 to 150,000 VND/kg, with expectations for continued upward momentum throughout the week. Price increases are projected to fluctuate between 500 and 1,500 VND/kg.
Current Domestic Prices
In various key pepper-growing regions, the highest purchasing prices are recorded as follows:
- Dak Nong: 150,000 VND/kg (up by 3,000 VND/kg from last week)
- Gia Lai: 148,000 VND/kg (up by 1,500 VND/kg)
- Dak Lak: 149,000 VND/kg (up by 2,000 VND/kg)
- Binh Phuoc and Dong Nai: 148,000 VND/kg (up by 1,500 VND/kg)
- Ba Ria – Vung Tau: 149,000 VND/kg (up by 2,000 VND/kg)
This increase in prices is a positive signal for Vietnam’s pepper industry, especially against the backdrop of low inventory levels and rising demand from major markets such as the U.S., EU, and China.
Challenges Facing the Industry
Despite this positive trend, the pepper industry is grappling with several significant challenges:
- Prolonged Drought: Extended dry spells in key growing regions have adversely affected both yield and quality.
- Rising Costs: Increased prices for fertilizers, labor, and transportation are squeezing profit margins for farmers and businesses alike.
- Plant Diseases: Ongoing concerns about diseases affecting pepper plants have led to a reduction in cultivation areas in recent years.
Additionally, a notable trend is that many farmers are shifting towards cultivating higher-value crops such as durian and coffee. This shift reduces the supply of black pepper, exerting upward pressure on prices in both domestic and international markets.
Future Price Predictions
With limited supply and increasing demand, black pepper prices are expected to continue rising this week. Anticipated increases range from 500 to 1,500 VND/kg, particularly in active purchasing regions like Dak Nong, Ba Ria – Vung Tau, and Dak Lak.
Global Market Overview
On the international market today, based on reports from exporting companies and export prices in various countries, the International Pepper Community (IPC) has updated the following prices:
- Lampung Black Pepper (Indonesia): Stable at $6,832/ton
- Muntok White Pepper (Indonesia): Stable at $8,940/ton
- ASTA 570 Black Pepper (Brazil): Stable at $6,325/ton
- ASTA Black Pepper (Malaysia): Stable at $8,500/ton
- ASTA White Pepper (Malaysia): Stable at $10,700/ton
- Vietnamese Black Pepper:
- 500 g/l at $6,400/ton
- 550 g/l at $6,700/ton
- White pepper at $9,600/ton
Conclusion
The black pepper rate today reflects a dynamic market influenced by both local challenges and global demand. With ongoing efforts to stabilize supply chains and improve agricultural practices amid rising costs and environmental challenges, stakeholders in Vietnam’s pepper industry remain optimistic about navigating these complexities.
Stay tuned for further updates on black pepper rates and market trends from VietGlobal Export.