Pepper price forecast tomorrow February 6, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 6.
Pepper price forecast tomorrow
Domestic pepper price forecast tomorrow, February 6, 2025, the price will continue to increase and exceed the mark of over 150,000 VND/kg.
Today's pepper price was updated on the afternoon of January 5, 2025 as follows: The domestic pepper market is bustling, increasing sharply compared to the previous trading session, the increase is from 1,000 - 1,300 VND/kg depending on the locality; domestic pepper prices have exceeded 150,000 VND/kg. Currently, the average pepper purchase price in key areas is 150,500 VND/kg. Particularly, pepper prices in Dak Nong province have exceeded 151,500 VND/kg.
Specifically, pepper price today in Gia Lai province continued to increase by 1,000 VND/kg compared to the previous trading session, currently pepper is purchased at 150,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc provinces increased by VND1,000/kg and the current pepper purchase price in these two localities is VND150,000/kg.
The pepper purchase price in Dak Lak also increased by 1,000 VND, currently the pepper purchase price in this locality reaches 151,000 VND/kg.
Pepper prices in Dak Nong province alone increased by 1,300 VND/kg compared to the previous trading session. Currently, the pepper purchasing price in this locality is the highest in the country, currently at 151,500 VND/kg.
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| Domestic pepper price updated on February 5, 2025 |
Experts predict that global pepper supply will not be enough to meet the increasing demand, causing prices to increase sharply from 2024, opening up development opportunities for the industry. At the same time, this year's harvest is slower than previous years due to unfavorable weather.
In 2024, many businesses in the pepper industry recorded growth of 32-68%, with some companies achieving export revenue growth of up to 150% compared to 2023. However, pepper exports to China decreased sharply, reaching only 10,549 tons, down 82.4% in volume and 76.6% in value compared to 2023.
Meanwhile, China increased its pepper imports from Indonesia by 41.8%, accounting for more than 55% of the market share, although this import volume is still not enough to meet demand. Global pepper prices are forecast to remain high in 2025, with demand from major markets such as the US and Europe remaining stable.
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| Farmers in Dak Nong province take care of their pepper gardens. |
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.
Currently, instead of massively expanding pepper growing areas, Vietnamese pepper farmers 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 data from the Vietnam Pepper and Spices Association (VPSA), in contrast to the strong increasing trend from the US and EU, Vietnam's pepper exports to the Chinese market in 2024 dropped to the lowest level in the past 9 years, reaching only 10,549 tons, worth 32.15 million USD, down 82.4% in volume and 76.6% in value compared to 2023.
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| Update world pepper prices today February 5, 2025 |
Forecast of world pepper price tomorrow 6/2/2025
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 5, 2025 as follows: the pepper market is bustling, prices in many countries have increased again after the previous trading session. In particular, pepper prices in Brazil, after a period of stability and sideways movement, have increased sharply, increasing by 150 USD/ton; other countries remain at high levels.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,219 USD/ton; similarly, Muntok white pepper is currently purchased at 9,694 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.
After a period of stability and sideways movement, pepper prices in Brazil have rebounded, increasing by 150 USD/ton, and the current purchase price is 6,300 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 6, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-622025-trong-nuoc-tiep-da-tang-372358.html
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