Pepper price forecast tomorrow February 5, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 5.
Pepper price forecast tomorrow
Domestic pepper price forecast tomorrow, February 5, 2025, price continues to increase slightly and stays at a high level.
Today's pepper price was updated on the afternoon of January 4, 2025 as follows: The domestic pepper market is bustling and increasing after the Lunar New Year holiday; the increase is about 2,000 VND/kg on the first working day after the holiday. Currently, the average pepper purchase price in key areas is 149,400 VND/kg. Particularly, the pepper price in Dak Nong province has exceeded 150,000 VND/kg.
Specifically, today's pepper price in Gia Lai province remains stable compared to the previous trading session and is at a fairly high level, currently the pepper purchase price is at 149,000 VND/kg;
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc provinces remain stable, currently the pepper purchase price in these two localities is 149,000 VND/kg.
Pepper purchase price in Dak Lak on February 4 was also purchased at 150,000 VND/kg.
Pepper price in Dak Nong province increased by 200 VND/kg compared to the previous trading session, currently the pepper purchasing price in this locality has reached 150,200 VND/kg.
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| Domestic pepper price updated on February 4, 2025 |
According to the assessment, Vietnamese pepper farmers are currently taking a cautious attitude. Instead of massively expanding pepper growing areas, they focus on improving product quality, applying sustainable farming methods and combining intercropping to reduce costs, while better adapting to the impacts of climate change.
According to experts, in the coming years, the global pepper supply shortage will not be able to meet the increasing consumption demand. This is expected to cause pepper prices to increase sharply from 2024, opening up new development opportunities for the pepper industry in Vietnam.
With the positive development of the industry, businesses in the pepper sector recorded impressive growth of 32-68% in 2024, some companies even achieved export revenue growth of up to 150% compared to 2023.
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| Farmers in Dak Nong province dry pepper after harvest. |
Global pepper prices in 2025 are expected to remain high due to reduced supply, while demand in major markets such as the United States and Europe remains stable. Pepper use in the food and spice processing industries remains the main driver of the market.
According to statistics, in 2024, China will reduce pepper imports from Vietnam by 82.4% but increase imports from Indonesia by 76.8%. However, this increase in imports is still not enough to meet total consumption demand in China.
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| Update world pepper prices today February 4, 2025 |
World pepper price forecast tomorrow February 5, 2025
According to forecasts, world pepper prices tomorrow will continue to be stable, increasing slightly, 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 4, 2025 as follows: the pepper market is vibrant and increasing again in Indonesia, the increase is from 22 - 54 USD/ton; other countries remain at high levels.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,219 USD/ton (up 54 USD/ton) compared to the previous trading session; similarly, Muntok white pepper is currently purchased at 9,694 USD/ton (up 22 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 and slightly decreasing. 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 5, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-522025-trong-nuoc-tang-nhe-372184.html
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