Pepper price forecast tomorrow February 2, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 2.
Pepper price forecast tomorrow
Domestic pepper price forecast for tomorrow, February 2, 2025, prices will continue to move sideways, stable, with little fluctuation and anchored at a high level.
Today's pepper price was updated on the afternoon of January 1, 2025 as follows: The domestic pepper market remains stable, with little fluctuation and 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 February 1, 2025 |
Experts predict that global pepper output will continue to decline in 2025, marking the fourth consecutive year of decline. This decline reflects the fact that pepper is no longer a staple crop for many farmers, while climate change and extreme weather reduce productivity and increase production costs. However, pepper prices in Vietnam remain stable at around VND140,000 - 150,000/kg, thanks to stable demand from major markets such as the US and Europe.
China, although reducing pepper imports from Vietnam in 2024, faces low inventories and is expected to resume purchases after the Lunar New Year, when Vietnam’s main harvest begins. Brazil’s pepper output is forecast to recover, while Indonesia and India may reduce output due to weather impacts and investment difficulties, causing many Vietnamese farmers to limit investment in pepper.
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| People in Dak Nong province take care of their pepper gardens. |
Mr. Nguyen Tan Cong - Chairman of the Board of Directors of Nam Yang Cooperative (Gia Lai) said that currently, after learning many lessons, instead of choosing pure cultivation, people now focus on models of growing pepper intercropped, polycultured with coffee and fruit trees.
Developing pepper in the direction of intercropping and polyculture will be sustainable, thereby helping farmers reduce investment costs and limit disease risks, moving towards safe agriculture. At that time, people will not overuse pesticides and chemical fertilizers on crops, instead using biological products and organic fertilizers to bring durability to the garden, helping to improve the quality of pepper products to enter the world market.
The International Pepper Community (IPC) said that the pepper market in the last week of January had a positive outlook, with no country reporting a price decrease.
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| Update world pepper prices today February 1, 2025 |
Forecast of world pepper price tomorrow 2/2/2025
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 February 1, 2025 as follows: After many days of sideways movement, the pepper market has begun to become active, in which pepper prices in Indonesia have increased again, increasing from 8 - 216 USD/ton; other countries continue to be stable, with little fluctuation and are anchored at high levels.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,165 USD/ton (up 8 USD/ton); similarly, Muntok white pepper is currently purchased at 9,672 USD/ton (up 216 USD/ton) compared to the previous trading session.
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.
Similarly, pepper prices in Brazil remain stable, currently the pepper purchase price in Brazil is at 6,150 USD/ton.
The export market for Vietnamese pepper continues to be stable. 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 2, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-222025-trong-nuoc-di-ngang-371832.html
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