Pepper price forecast tomorrow February 3, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 3.
Pepper price forecast tomorrow
Domestic pepper price forecast tomorrow, February 3, 2025, price will increase slightly after the Lunar New Year holiday 2025 and stay at a high level.
Today's pepper price was updated on the afternoon of January 2, 2025 as follows: The domestic pepper market remains stable, has little fluctuation and is anchored at a high level during the Lunar New Year holidays of At Ty year 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 2, 2025 |
According to statistics, the current pepper growing area in Vietnam is about 113,000 hectares, with an estimated output of 190,000 tons. In 2024, businesses exported nearly 250,000 tons of pepper, worth 1.31 billion USD - a record in the past 8 years. Vietnam continues to hold the world's largest warehouse with output accounting for 40% and exports accounting for 60% globally.
By the end of 2024, businesses in the pepper industry recorded strong growth rates of 32-68%, with some companies even seeing a spike in export revenue of 150% compared to 2023. Farmers also had a bumper year, earning 60,000-100,000 VND when selling 1 kg of pepper.
According to the assessment, the price of "black gold" in Vietnam will remain high, because the supply is decreasing, while the demand in major markets such as the US and Europe remains stable, China may increase imports from March-April 2025 because the inventory is gradually depleted.
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| Farmers in Dak Nong province harvest pepper in early ripening areas. |
Many farmers in key pepper growing areas said that right after the Lunar New Year, local farmers started harvesting the early-ripening pepper crop in some areas. Most of the pepper acreage will be harvested immediately after that. This year's harvest is expected to be slower than previous years due to unfavorable weather conditions.
Given the current situation, experts believe that pepper prices will continue to remain stable at a high level in February 2025, before experiencing strong fluctuations in March and April 2025. Farmers and exporters need to closely monitor market developments to make reasonable buying and selling decisions, avoiding being passive in the face of sudden changes in supply and demand.
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| Update world pepper prices today February 2, 2025 |
World pepper price forecast tomorrow 2/3/2025
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 Association (IPC) on the afternoon of February 2, 2025 as follows: After many fluctuations between countries, the pepper market tends to stabilize, move sideways and is anchored at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,165 USD/ton; similarly, Muntok white pepper is currently purchased at 9,672 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.
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 3, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-322025-trong-nuoc-tang-nhe-371901.html
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