Pepper price forecast tomorrow February 22, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 22.
Forecast of domestic pepper prices tomorrow
Domestic pepper price forecast tomorrow, February 22, 2025, will decrease slightly after previous price increases.
Today's pepper price was updated on the afternoon of February 21, 2025 as follows: Domestic pepper prices turned down, down from 1,000 - 2,000 VND/kg compared to yesterday's trading session. Currently, the average pepper purchase price in key areas is 159,500 VND/kg.
Specifically, today's pepper price in Gia Lai province turned down, down 1,000 VND/kg, currently the pepper purchase price in this locality is at 159,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc also decreased by 1,000 VND/kg and currently traders are buying pepper at 159,000 VND/kg.
Pepper prices in Dak Lak have decreased relatively, by about 2,000 VND/kg, currently the pepper purchase price is at 160,000 VND/kg.
Pepper prices in Dak Nong province also decreased by VND 2,000/kg compared to the previous trading session, currently pepper is purchased at VND 160,500/kg.
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| Domestic pepper price updated on February 21, 2025 |
According to the General Department of Customs, Vietnam's pepper exports in the first half of February 2025 reached 6,154 tons, worth 41.5 million USD, down 3.6% in volume and 2.2% in value compared to the first half of January.
Accumulated from the beginning of the year to February 15, the export of this item reached 19,083 tons, worth 128.8 million USD, down 17.2% in volume but up sharply by nearly 39% in value compared to the same period last year. The export volume of pepper has continuously decreased since the second half of last year until now, showing that the old crop supply is not much left while the new harvest is late due to the impact of unfavorable weather.
On the other hand, in the first half of February, Vietnam imported 1,297 tons of pepper, worth 5.9 million USD. Indonesia is the main pepper supplier to Vietnam, with 868 tons, accounting for 66.9%, followed by Brazil with 300 tons, accounting for 23.1%. Pearl Group, Ptexim Corp and Harris Spice are the three main importers, with 137 tons, 125 tons and 109 tons, respectively.
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| Farmers in Gia Lai province harvest pepper. |
According to statistics, Vietnam's total pepper export turnover in 2024 will reach 1.32 billion USD, with a total export volume of up to 250,600 tons. This is a record number so far, reflecting the strong growth trend of the industry.
Experts say that the supply of pepper in the global market is currently in short supply, while demand remains stable or continues to grow. Pepper prices are forecast to continue to increase this year due to reduced output and demand exceeding supply.
The Vietnam Pepper and Spices Association (VPSA) believes that the global pepper market outlook in 2025 will continue to be positive. Pepper output is forecast to decline amid extreme weather conditions affecting productivity in many countries. This creates opportunities for the pepper export industry, especially as China, despite having low pepper imports from Vietnam in 2024, is expected to increase demand as soon as Vietnam enters its main harvest season.
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| Update world pepper prices today February 21, 2025 |
Forecast of world pepper price tomorrow 22/2/2025
According to forecasts, world pepper prices tomorrow will decrease slightly and stay at a high level, however there will still be slight fluctuations between countries.
Update on world pepper prices from the International Pepper Association (IPC) on the afternoon of February 21, 2025 as follows: the pepper market fluctuated downward, in which pepper prices in Indonesia decreased relatively, the decrease was from 31 - 43 USD/ton, the markets of other countries were stable and anchored at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,267 USD/ton (down 31 USD/ton); Muntok white pepper is currently purchased at 10,100 USD/ton (down 43 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 22, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-2222025-giam-nhe-374990.html
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