Pepper price forecast tomorrow February 21, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 21.
Forecast of domestic pepper prices tomorrow
Domestic pepper price forecast tomorrow, February 21, 2025 will be flat, stable and anchored at a high level.
Today's pepper price was updated on the afternoon of February 20, 2025 as follows: Domestic pepper prices remain stable and anchored at a high level, the highest pepper price reached 162,500 VND/kg. 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 are the highest in the country, at 162,500 VND/kg.
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| Domestic pepper prices updated on the afternoon of February 20, 2025 |
Experts say that the current 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.
According to the report of the Department of Cultivation and Plant Protection of Gia Lai province, there are currently about 7,500 hectares of pepper in the province with an average yield of about 3.5 tons/ha. The high price of pepper has helped people gain more profit and regain confidence in this agricultural product.
Gia Lai Province's Department of Cultivation and Plant Protection informed that in order to develop pepper plants stably in the coming time, Gia Lai will maintain a stable pepper growing area of about 8.5 - 10 thousand hectares. At the same time, it will build a concentrated, safe and quality pepper production area associated with processing facilities.
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| Farmers in Dak Nong province dry pepper at home after harvest. |
Global pepper prices have recorded a sharp increase since mid-2024 and are expected to continue to rise this year, due to a decline in pepper production and demand outstripping supply. In the short term, pepper prices may continue to rise. However, prices may correct as supplies from the new harvest begin to appear.
Ms. Hoang Thi Lien, President of the Vietnam Pepper and Spice Association (VPSA), stated that she is quite optimistic about the prospects of the global pepper market in 2025, as output is forecast to continue to decline and extreme weather conditions affect pepper productivity in many countries. This opens up opportunities for the export market, as China, although a small importer of pepper from Vietnam last year, is expected to increase its demand as Vietnam enters its main harvest this month.
According to industry experts, Vietnamese pepper prices could increase sharply by 40% to 50% compared to current levels.
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| Update world pepper prices today February 20, 2025 |
Forecast of world pepper price tomorrow 21/2/2025
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 20, 2025 as follows: the pepper market fluctuated little, remained stable compared to the previous trading session and anchored at a fairly high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,298 USD/ton; Muntok white pepper is currently purchased at 10,143 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 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 21, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-2122025-di-ngang-374784.html
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