Domestic pepper price forecast tomorrow, February 16, 2025 remains stable

Pepper price forecast tomorrow February 16, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 16.

Forecast of domestic pepper prices tomorrow

Domestic pepper price forecast tomorrow, February 16, 2025 will remain stable, sideways, the highest pepper price is 160,000 VND/kg

Today's pepper price was updated on the afternoon of February 15, 2025 as follows: The domestic pepper market continued to decrease sharply, the decrease was from 1,000 - 2,000 VND/kg depending on the locality. Currently, pepper prices have fallen below 160,000 VND/kg; the average pepper purchase price in key areas is 158,400 VND/kg.

Specifically, pepper prices today in Gia Lai province continued to decrease sharply after many previous increases, down 2,000 VND/kg, currently pepper is purchased at 157,000 VND/kg.

Similarly, pepper price in Ba Ria - Vung Tau province also decreased by 1,000 VND/kg, currently the pepper purchase price in this locality is 158,000 VND/kg; pepper price in Binh Phuoc province continued to decrease, decreasing by 2,000 VND/kg, currently the pepper purchase price is 157,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong remain stable and high, currently pepper prices in the two localities are at 160,000 VND/kg.

Domestic pepper price updated on February 15, 2025

Currently, local farmers are focusing on harvesting pepper. However, pepper productivity in some areas is forecast to decrease due to weather effects.

Specifically, in some pepper growing areas in Dak Nong, harsh weather has reduced productivity compared to 2024. However, pepper prices are still high, bringing excitement to farmers, motivating them in the process of harvesting and caring for their gardens.

Many pepper farmers said that in the past, most farmers often consigned all their products to agents or companies after harvest, leading to a situation of being forced to sell at a lower price. However, in recent years, they have changed their methods by drying and preserving pepper at home, helping them avoid being forced to sell at a higher price at a favorable time.

Farmers in Dak Nong province take care of their pepper gardens.

According to data from the Central Statistics Agency of Indonesia (BPS), Indonesia's pepper exports in December 2024 reached 4,673 tons, down 27.5% compared to the previous month but up 2.8 times compared to the same period in 2023.

In 2024, Indonesia exported 55,475 tons of pepper of all kinds with a turnover of 311.3 million USD, a sharp increase of 132.9% in volume and 171.8% in turnover compared to 2023. This result helped Indonesia continue to consolidate its third position in the world in pepper exports, after Brazil and Vietnam. Last year, Indonesia's pepper exports to most markets generally grew exponentially.

According to statistics, Vietnam has returned to the leading position in importing pepper from Indonesia in 2024, with a volume of 18,015 tons, worth 99.2 million USD, an increase of more than 5.2 times (425.9%) in volume and 6.7 times (578%) in turnover compared to 2023.

Update world pepper prices today February 15, 2025

Forecast of world pepper price tomorrow February 16, 2025

According to forecasts, world pepper prices tomorrow will be 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 15, 2025 as follows: the market is vibrant and increasing again. In particular, pepper prices in Indonesia continue to increase slightly, increasing from 36 - 49 USD/ton; other countries maintain stability and anchor at high levels.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,294 USD/ton (up 36 USD/ton); Muntok white pepper is currently purchased at 10,068 USD/ton (up 49 USD/ton) compared to the previous trading session.

The Malaysian pepper market continues to remain stable and is anchored 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 remained stable compared to the previous increase, currently purchasing at 6,800 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 16, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1622025-giu-on-dinh-373974.html