Pepper price forecast tomorrow February 19, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 19.
Forecast of domestic pepper prices tomorrow
Domestic pepper price forecast tomorrow, February 19, 2025 remains stable, increases slightly and anchors at a high level.
Today's pepper price was updated on the afternoon of February 18, 2025 as follows: Domestic pepper prices are active, anchored at a high level and slightly increased compared to the previous trading session. Currently, the average pepper purchase price in key areas is 160,900 VND/kg.
Specifically, today's pepper price in Gia Lai province remains stable at a high level, currently purchased at 160,000 VND/kg. Similarly, pepper price in Binh Phuoc is also purchased at the same price of 160,000 VND/kg.
Pepper prices in Ba Ria - Vung Tau province continue to stay high, currently pepper is purchased at 160,000 VND/kg.
Pepper prices in Dak Lak province are currently being purchased at a fairly high price, at 162,000 VND/kg.
Pepper prices in Dak Nong province alone increased by 500 VND/kg. Currently, the pepper purchasing price in this locality is the highest in the country, at 162,500 VND/kg.
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| Domestic pepper price updated on February 18, 2025 |
Global pepper prices experienced a spike in mid-2024 and are expected to continue rising this year as production continues to decline and demand outstrips supply, 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.
According to Thestar: Currently, the supply of pepper in the global market is very scarce and demand is expected to continue to increase or remain stable. This will continue to push prices up.
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| Farmers in Dak Nong province take care of pepper |
According to IPC forecasts, global pepper production in 2025 will decrease by about 4%, equivalent to 22,000 tons, especially in Vietnam and Brazil. However, Indonesia has emerged as a notable supplier when production in Vietnam and Brazil is facing difficulties.
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.
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| Update world pepper prices today February 18, 2025 |
World pepper price forecast tomorrow February 19, 2025
According to forecasts, world pepper prices will increase slightly tomorrow and stay 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 18, 2025 as follows: the market continues to remain stable and anchored at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,294 USD/ton; Muntok white pepper is currently purchased at 10,068 USD/ton.
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 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 19, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1922025-tiep-da-tang-374388.html
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