Pepper price forecast tomorrow February 8, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 8.
Pepper price forecast tomorrow
Domestic pepper price forecast tomorrow February 8, 2025 maintains its upward momentum and remains high.
Today's pepper price was updated on the afternoon of February 7, 2025 as follows: The domestic pepper market is bustling, continuing to increase compared to the previous trading session, increasing from 3,000 - 4,000 VND/kg depending on the locality; domestic pepper price has climbed to 157,000 VND/kg. Currently, the average pepper purchase price in key areas is 155,600 VND/kg.
Specifically, today's pepper price in Gia Lai province continued to increase by 3,000 VND/kg compared to the previous trading session, currently the pepper price is purchased at 154,000 VND/kg.
Similarly, pepper price in Ba Ria - Vung Tau province increased by 3,000 VND/kg, the current purchase price is 155,000 VND/kg; pepper price in Dak Lak province also increased by 3,000 VND/kg compared to the previous trading session and the purchase price is at 156,000 VND/kg.
Pepper prices in Binh Phuoc and Dak Nong both increased by 4,000 VND/kg and currently the pepper purchasing prices in these two localities are 156,000 VND/kg and 157,000 VND/kg respectively.
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| Domestic pepper price updated on February 7, 2025 |
Experts predict that the global pepper supply will not be enough to meet the increasing demand, causing prices to increase sharply from the beginning of 2025, opening up development opportunities for the "black gold" production and trading industry.
Currently, farmers in the Central Highlands provinces have begun the pepper harvest with optimism as prices show many positive signs compared to the same period last year. Although erratic weather has reduced output and pepper has not ripened evenly, the positive prices have helped farmers hope for a favorable crop.
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.
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| Farmers in Dak Nong province harvest pepper |
VPSA reported that in January 2025, Vietnam exported 13,085 tons of pepper of all kinds, of which 10,502 tons were black pepper and 2,583 tons were white pepper. Total export turnover reached 87.7 million USD, compared to December 2024, export volume decreased by 14.3% and compared to the same period in 2024, export decreased by 26.4%.
The average export price of black pepper in the month reached 6,626 USD/ton, white pepper reached 8,467 USD/ton, up 2.3% for black pepper and 3.3% for white pepper compared to the previous month.
The US is still Vietnam's largest pepper export market, reaching 2,884 tons, down 36.0% compared to the previous month. Notably, exports to the German market increased by 122.0% to 910 tons.
On the other hand, in January 2025, Vietnam imported 1,817 tons, of which black pepper reached 753 tons, white pepper reached 1,064 tons, total import turnover reached 10.9 million USD, compared to December 2024, import volume decreased by 51.5%. Indonesia is the main pepper supplier to Vietnam, accounting for 73.6% reaching 1,338 tons, however, compared to the previous month, it decreased by 56.4%.
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| Update world pepper prices today February 7, 2025 |
World pepper price forecast tomorrow February 8, 2025
According to forecasts, world pepper prices tomorrow will remain stable, anchored at a high level, 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 7, 2025 as follows: the pepper market is bustling, pepper prices have increased again compared to the previous trading session. In particular, pepper prices in Brazil continued to increase by 100 USD/ton; other countries remained at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,283 USD/ton; similarly, Muntok white pepper is currently purchased at 9,780 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 alone increased by 100 USD/ton; the current purchase price is 6,500 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 6,500 USD/ton for 500 g/l; 550 g/l is at 6,650 USD/ton; and 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 8, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-822025-trong-nuoc-tiep-da-tang-372730.html
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