Pepper price forecast tomorrow January 31, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price January 31.
Pepper price forecast tomorrow
Domestic pepper price forecast tomorrow, January 31, 2025 is stable, less volatile and anchored at a high level.
Today's pepper price was updated on the afternoon of January 30, 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 30, 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.
Although expectations of a price reduction have not materialized, pepper prices in Vietnam have remained stable at around VND140,000 - 150,000/kg in recent months. This is a signal that prices have not fluctuated strongly, even though the market is facing a reduction in production 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 the impact of extreme weather and investment difficulties.
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| Farmers in Gia Lai province harvest pepper. |
According to the International Pepper Community (IPC), in 2024, India's pepper output will reach 125,000 tons and is the country with the highest increase in pepper production of about 7% (8,000 tons) compared to 2023.
As of November 2024, India exported 18,196 tons of pepper, an increase of 30% (4,200 tons) compared to 13,997 tons in the same period in 2023. Of which, the US is the largest export market with a volume of 7,130 tons, a sharp increase of 39.2% over the same period.
The Vietnam Pepper and Spice Association forecasts that global pepper output in 2025 will continue to decrease compared to 2024. This reflects the fact that pepper is no longer the main crop of many farmers. In addition, climate change with extreme weather events has reduced productivity and increased the cost of maintaining pepper production.
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| Update world pepper prices today January 30, 2025 |
World pepper price forecast tomorrow January 31, 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 30, 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 (January 31, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-3112025-trong-nuoc-binh-on-gia-371705.html
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