Pepper price forecast tomorrow February 14, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 14.
Pepper price forecast tomorrow
Domestic pepper prices are forecasted to continue to decrease tomorrow, February 14, 2025, with pepper prices falling to around 160,000 VND/kg.
Today's pepper price was updated on the afternoon of February 13, 2025 as follows: The domestic pepper market continued to decrease sharply, the decrease was about 2,000 VND/kg depending on the locality. Currently, pepper price has dropped to 160,000 VND/kg; the average pepper purchase price in key areas is 159,400 VND/kg.
Specifically, pepper prices today in Gia Lai province continued to decrease sharply after previous increases, down 2,500 VND/kg, currently pepper is purchased at 159,000 VND/kg.
Similarly, pepper prices in Binh Phuoc and Dak Nong provinces also decreased by VND2,000/kg compared to the previous trading session, currently pepper prices in these two localities are VND159,000/kg and VND160,000/kg, respectively.
Pepper price in Ba Ria - Vung Tau also decreased by 2,000 VND/kg, currently the purchase price is 159,000 VND/kg.
Pepper prices in Dak Lak continued to decrease, down 2,000 VND/kg compared to the previous trading session, currently the purchasing price in this locality is 160,000 VND/kg.
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| Domestic pepper price updated on February 13, 2025 |
According to information from Comexstat cited by the Vietnam Pepper and Spice Association, in January 2025, Brazil exported 4,339 tons of pepper, earning 27.1 million USD. Although the export volume decreased by 28.1% compared to the same period last year, the export value increased by 36.9%.
Of which, Vietnam is Brazil's largest market, accounting for 28.6% with 1,242 tons, followed by countries such as UAE, India, Senegal and Egypt.
In Vietnam, this year's pepper harvest season, farmers are very excited because of the high pepper prices. This has encouraged them to continue investing in garden care and improving product quality. However, productivity in some areas has decreased due to the impact of the weather. In Dak Nong, the pepper growing area is stable at 34,000 hectares, with an average yield of about 2.4 tons/ha, total output reaching about 70,000 tons per year.
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| Farmers in Dak Nong province take care of pepper |
Experts say pepper prices may continue to rise in the short term, especially if China, one of the largest customers of Vietnamese pepper, increases imports again. However, pepper prices may stagnate as supplies from the new harvest are gradually replenished.
Besides, pepper prices have decreased in the last two sessions, but the market is still in an upward trend thanks to the purchasing pace of important markets such as the United States and China, so the price range can increase sharply or only about 10-15%.
Therefore, businesses need to closely monitor market developments and purchasing movements from partners to have appropriate purchasing, storage and cash flow plans, both to increase output and export turnover and to ensure business efficiency.
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| Update world pepper prices today February 13, 2025 |
Forecast of world pepper price tomorrow February 14, 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 13, 2025 as follows: the pepper market remains stable, sideways and anchored at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,251 USD/ton; Muntok white pepper is currently purchased at 10,010 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.
Pepper prices in Brazil continued to increase by 200 USD/ton compared to the previous trading session, remaining at a fairly high level, currently purchasing at 6,700 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 6,500 USD/ton for 500 g/l; 550 g/l is at 6,650 USD/ton; 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 14, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1422025-tiep-da-giam-373619.html
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