Pepper price forecast tomorrow February 7, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 7.
Pepper price forecast tomorrow
Domestic pepper price forecast tomorrow, February 7, 2025, will maintain the increase and exceed the mark of 153,000 VND/kg.
Today's pepper price was updated on the afternoon of February 6, 2025 as follows: The domestic pepper market is bustling, continuing to increase sharply compared to the previous trading session, increasing from 1,000 - 2,000 VND/kg depending on the locality; domestic pepper price has climbed to 153,000 VND/kg. Currently, the average pepper purchase price in key areas is 152,200 VND/kg.
Specifically, today's pepper price in Gia Lai province continued to increase by 1,000 VND/kg compared to the previous trading session, currently pepper is purchased at 151,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc provinces increased by VND2,000/kg and the current pepper purchase price in these two localities is VND152,000/kg.
The pepper purchase price in Dak Lak also increased by 2,000 VND, currently the pepper purchase price in this locality reaches 153,000 VND/kg.
Pepper price in Dak Nong province increased by 1,500 VND/kg compared to the previous trading session, currently the pepper purchasing price in this locality is at 153,000 VND/kg.
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| Domestic pepper price updated on February 6, 2025 |
According to the Vietnam Pepper and Spice Association (VPSA), instead of massively expanding pepper growing areas, Vietnamese pepper farmers are now focusing on improving product quality, applying sustainable farming methods and combining intercropping to reduce costs, while better adapting to the impacts of climate change.
Experts predict that the global pepper supply will not be enough to meet the increasing demand, causing prices to increase sharply from 2025, opening up development opportunities for the industry. At the same time, this year's harvest is slower than previous years due to unfavorable weather.
According to records, Dak Nong farmers are currently harvesting pepper. Compared to the same period in 2024, this year's pepper price has many positive signs, making people excited and hopeful for a bumper crop.
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| Farmers in Dak Nong province take care of their pepper gardens. |
Experts say global pepper output in 2025 is forecast to continue to decrease compared to 2024, marking the fourth consecutive year of decline since 2022.
This reflects the fact that pepper is no longer the main crop of many farmers, especially in the context of the significant increase in economic value of other crops such as durian, coffee and oil palm. In addition, climate change with extreme weather events has reduced productivity and increased the cost of maintaining pepper production.
In 2024, Vietnam exported 250,600 tons of pepper of all kinds. Of which, black pepper reached 220,269 tons and white pepper reached 30,331 tons. Total export turnover reached over 1.3 billion USD; of which black pepper contributed 1.12 billion USD and white pepper reached 200 million USD.
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| Update world pepper prices today February 6, 2025 |
World pepper price forecast tomorrow February 7, 2025
According to forecasts, world pepper prices tomorrow will remain high, 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 6, 2025 as follows: the pepper market is bustling, pepper prices in many countries have increased again compared to the previous trading session. In particular, pepper prices in Indonesia increased simultaneously for both black and white pepper, the increase was from 64 - 86 USD/ton; similarly, Vietnam's black pepper 500 g/l after a period of stability also increased by 150 USD/ton; other countries maintained at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,283 USD/ton (up 64 USD/ton); similarly, Muntok white pepper is currently purchased at 9,780 USD/ton (up 86 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.
Pepper prices in Brazil, after the previous increase, have tended to move sideways but are still at a fairly high level, currently the purchase price is at 6,300 USD/ton.
Vietnam's pepper export market continues to be stable and increasing strongly. Specifically, the export price of Vietnam's black pepper is currently at 6,500 USD/ton (up 150 USD/ton) for the 500 g/l type; others remain stable such as: 550 g/l type at 6,650 USD/ton; white pepper price 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 7, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-722025-trong-nuoc-duy-tri-tang-372538.html
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