Pepper price forecast tomorrow February 9, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 9.
Pepper price forecast tomorrow
Domestic pepper price forecast tomorrow, February 8, 2025, maintains its upward momentum, remains high and may exceed 160,000 VND/kg.
Today's pepper price was updated on the afternoon of February 8, 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 approached 160,000 VND/kg. Currently, the average pepper purchase price in key areas is 157,400 VND/kg.
Specifically, today's pepper price in Gia Lai province continued to increase by 2,000 VND/kg compared to the previous trading session, currently the pepper price is purchased at 156,000 VND/kg.
Similarly, pepper price in Ba Ria - Vung Tau province increased by 2,000 VND/kg, currently the purchase price is 157,000 VND/kg; pepper price in Dak Lak province also increased by 2,000 VND/kg compared to the previous trading session and is currently at 158,000 VND/kg.
Pepper price in Binh Phuoc continued to increase by 1,000 VND/kg, currently the purchasing price in this locality is 157,000 VND/kg.
Pepper in Dak Nong alone continued to increase by 2,000 VND/kg and currently the purchase price here is the highest in the country at 159,000 VND/kg.
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| Domestic pepper price updated on February 8, 2025 |
According to a new report from Ptexim, Vietnam’s total pepper export volume in 2024 is 250,600 tons, indicating abundant supply. However, the harvest has been continuously decreasing over the past 3-4 years due to the shrinking planting area, as farmers choose to switch to more profitable crops such as coffee and durian.
According to records, farmers in the Central Highlands provinces have begun harvesting pepper 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.
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.
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| Farmers in Gia Lai province harvest pepper. |
According to statistics, in January 2025, Vietnam exported 13,085 tons of pepper of all kinds, of which black pepper reached 10,502 tons and white pepper reached 2,583 tons. Total export turnover reached 87.7 million USD, compared to December 2024, the export volume decreased by 14.3% and compared to the same period in 2024, the export decreased by 26.4%.
Besides, 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%.
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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| Update world pepper prices today February 8, 2025 |
World pepper price forecast tomorrow February 9, 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 8, 2025 as follows: the pepper market remains high; pepper prices in Indonesia, after many sessions of increase, have turned down slightly, down 7 - 10 USD/ton. Pepper prices in other countries are stable and anchored at high levels.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,276 USD/ton (down 7 USD/ton); similarly, Muntok white pepper is currently purchased at 9,770 USD/ton (down 10 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 are currently quite high, currently purchased at 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 9, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-922025-trong-nuoc-vuot-160000-dongkg-372860.html
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