Pepper price forecast tomorrow
Domestic pepper price forecast tomorrow, January 18, 2025, will recover and increase slightly.
Today's pepper price was updated on the afternoon of January 17, 2025 as follows: The domestic pepper market fluctuated little and increased slightly compared to the previous trading session. Currently, pepper purchasing prices in key markets fluctuated between 145,000 - 146,000 VND/kg; the average pepper price was 145,500 VND/kg.
Specifically, pepper prices today in Gia Lai and Binh Phuoc provinces fluctuated little compared to the previous trading session. Currently, pepper prices in these two localities are purchased at 145,000 VND/kg.
Similarly, pepper prices in Ba Ria – Vung Tau and Dak Nong provinces continue to remain stable and at a fairly high level. Currently, the purchase price in these two provinces is at 146,000 VND/kg.
Pepper prices in Dak Lak, after a slight increase, have also leveled off compared to the previous trading session. Currently, pepper prices are purchased at 145,500 VND/kg.
 |
| Domestic pepper price updated on January 17, 2025 |
According to information from the Vietnam Pepper and Spice Association (VPSA), the impact of climate change in 2024 will partly affect pepper production of farmers in key pepper growing areas. However, some areas of the provinces recorded favorable weather conditions.
In Dak Nong, the capital of Vietnam Pepper, the output was recorded to be equivalent to the previous year. Production in some areas in the remaining key provinces such as Gia Lai, Binh Phuoc, Dong Nai and Ba Ria - Vung Tau also had a positive trend when pepper prices increased, so farmers boldly invested in caring for and restoring existing pepper gardens.
Meanwhile, in Dak Lak province, the province with the second largest pepper area and output, it is estimated that the area and output will decrease as people switch to growing durian trees and there are not many new plantings. It is expected that farmers will not start harvesting pepper until after the Lunar New Year 2025 and this will last until the end of April 2025.
 |
| Farmers in Dak Nong province harvest pepper |
Domestic pepper prices remained stable in most regions, except for Dak Lak, which recorded a slight increase. According to experts, pepper inventories among people are currently very low, mainly concentrated in business warehouses. This makes it difficult for pepper prices to have a major breakthrough before Tet.
According to VPSA, in the context of pepper prices remaining high, farmers are being encouraged to invest in crop care to improve productivity and product quality. However, new planting areas need time to supply the market, making it impossible for the Vietnamese pepper industry to fully recover in the short term.
Vietnam currently has about 200 pepper processing enterprises, of which 15 enterprises account for 70% of export volume, with 14 deep processing factories. Along with that, 5 foreign-invested enterprises account for nearly 30% of export market share.
 |
| Update world pepper prices today January 17, 2025 |
Forecast of world pepper price tomorrow January 18, 2025
According to forecasts, world pepper prices will recover and increase tomorrow, however there will still be increases and decreases between countries.
Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of January 17, 2025 as follows: the world pepper market fluctuated in opposite directions; while pepper prices in Malaysia increased sharply after many previous flat sessions, on the contrary, pepper prices in Indonesia decreased.
Specifically, IPC listed the price of Indonesian pepper after several sessions of slight increase, continuing to decrease, the decrease from 29 - 38 USD/ton; currently the price of Indonesian Lampung black pepper is at 7,113 USD/ton (down 29 USD/ton) compared to the previous trading session, similarly, the price of Muntok white pepper is purchased at 9,193 USD/ton (down 38 USD/ton).
On the contrary, after many stable and sideways sessions, the Malaysian pepper market suddenly increased sharply, increasing from 300 - 500 USD/ton; currently, the price of Malaysian ASTA black pepper is purchased at 9,000 USD/ton (an increase of 300 USD/ton) compared to the previous trading session and the price of ASTA white pepper is at 11,600 USD/ton (an increase of 500 USD/ton).
The Brazilian pepper market continues to hold at a fairly high level, currently at 6,350 USD/ton.
Vietnam's pepper export market is stable and increasing slightly. Specifically, the export price of Vietnam's 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 (January 18, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-1812025-trong-nuoc-phuc-hoi-tang-370036.html
Comment (0)