Pepper price forecast for tomorrow, December 1, 2024: Continue to increase strongly?

Forecast of domestic pepper prices tomorrow

According to forecasts, tomorrow, December 1, 2024, domestic pepper prices will continue to increase strongly, with some localities increasing by 2,000 VND/kg, reaching 147,000 VND/kg.

Pepper price today November 30, 2024, domestic pepper price continues to increase compared to yesterday November 29, 2024; some provinces increased by 2,000 VND/kg.

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Pepper price forecast for tomorrow, December 1, 2024, shows no signs of stopping increasing. Photo: Le Son

Specifically, Gia Lai, Ba Ria - Vung Tau and Dak Lak provinces all increased by 1,500 VND/kg; Binh Phuoc and Dak Nong provinces both increased by 2,000 VND/kg compared to yesterday.

Accordingly, the pepper price today, November 30, 2024, Ba Ria - Vung Tau province is the locality with the lowest price, at 143,000 VND/kg; followed by Gia Lai and Binh Phuoc at 144,000 VND/kg; Dak Lak at 145,000 VND/kg; Dak Nong province alone has the highest price at 145,005 VND/kg.

The average pepper price today, November 30, 2024, is at 144,200 VND/kg, a sharp increase of 1,700 VND/kg compared to yesterday, November 29, 2024.

Forecast of world pepper price tomorrow

Update on world pepper prices from the International Pepper Community (IPC), at the end of the most recent trading session, the market was basically stable compared to the previous update, except for the Indonesian market which increased slightly.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,627 USD/ton; up 0.05%; the price of Muntok white pepper at 9,143 USD/ton, up slightly 0.13%.

Brazilian ASTA 570 black pepper prices remained stable at $6,000/ton. Malaysian ASTA black pepper prices were at $8,400/ton; the country’s ASTA white pepper prices reached $10,500/ton.

Of which, the price of Vietnamese black pepper is stable at 6,200 USD/ton for 500 g/l, 550 g/l remains at 6,500 USD/ton; the price of white pepper is at 9,400 USD/ton, unchanged.

According to forecast, world pepper price tomorrow December 1, 2024, pepper price will remain stable, if there is any increase/decrease, it will not be significant.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (December 1, 2024) on Congthuong.vn.