Pepper price forecast tomorrow 2/1/2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price on 2/1.
Pepper price forecast tomorrow
Domestic pepper price forecast tomorrow, February 1, 2025, prices continue to be stable, less volatile and anchored at a high level.
Today's pepper price was updated on the afternoon of January 31, 2025 as follows: The domestic pepper market remains stable, has little fluctuation and is anchored at a high level after the Lunar New Year holidays of At Ty in 2025.
Specifically, pepper prices today in Gia Lai province remained stable and were purchased at 147,500 VND.
Pepper prices in Ba Ria - Vung Tau province continue to remain stable, but are still low compared to the whole country, the current purchase price is 147,000 VND/kg; similarly, pepper prices in Binh Phuoc remain stable compared to the previous trading session, currently the pepper purchase price is 147,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong are currently at a fairly high level, with the current purchase price of pepper in these two localities at 148,200 VND/kg.
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| Domestic pepper price updated on January 31, 2025 |
According to experts, global pepper supply will continue to decline in 2025, while demand from major markets such as the US and Europe remains stable, creating momentum for prices to remain high. Meanwhile, China is currently facing low pepper inventories, and may start buying again after the Lunar New Year, when Vietnam's main harvest begins.
In the last months of 2024 and the end of January 2025, pepper prices in Vietnam will remain stable at around 140,000 - 150,000 VND/kg. This is a signal that prices will not fluctuate strongly, even though the market is facing a decrease in output from some major producing countries.
In addition, Brazil’s pepper output is forecast to recover in 2025, while Indonesia and India may see output decline due to extreme weather and investment difficulties. This change has caused many farmers in Vietnam to reduce their investment in pepper, due to increased production costs and sharp declines in productivity.
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| Farmers in Dak Nong province dry pepper after harvest. |
With production from major producing countries such as Vietnam and Brazil facing crop failures, Indonesia has emerged as a potential supplier. According to the International Pepper Community (IPC), in 2024, the average FOB price of black pepper increased sharply by 45% to reach $4,639/ton in Brazil, up 48.4% compared to 2023. In Malaysia, the FOB price of black pepper also increased by 37%, while that of white pepper increased by 26%.
According to Thebusinessresearchcompany, the global black pepper market has grown rapidly in recent years. The market is expected to increase from US$3.86 billion in 2024 to US$4.12 billion in 2025, at a compound annual growth rate (CAGR) of 6.7%.
The rapid growth of the fast food industry is expected to drive the growth of the black pepper market. The fast food industry focuses on providing quick and convenient meals to customers. Black pepper is a popular spice in this industry as it enhances the flavor and spiciness of dishes and also acts as a natural preservative.
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| Update world pepper prices today January 31, 2025 |
Forecast of world pepper price tomorrow 1/2/2025
According to forecasts, world pepper prices will continue to be stable tomorrow, but there will still be slight fluctuations between countries.
Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of January 31, 2025 as follows: the pepper market tends to stabilize at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,157 USD/ton; similarly, Muntok white pepper is currently purchased at 9,456 USD/ton.
The Malaysian pepper market continues to remain stable and at a high level. Currently, the price of Malaysian ASTA black pepper is purchased at 9,000 USD/ton and the price of ASTA white pepper is at 11,600 USD/ton.
Pepper prices in Brazil have stabilized after many previous declines. Currently, the pepper purchase price in Brazil is at 6,150 USD/ton.
The export market for Vietnamese pepper continues to be stable and slightly increasing. Specifically, the export price of Vietnamese black pepper is currently at 6,350 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l; the price of white pepper is at 9,550 USD/ton.
*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (February 1, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-122025-trong-nuoc-gia-on-dinh-371763.html
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