Pepper price forecast tomorrow February 23, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 23.
Domestic pepper prices are forecasted to increase again tomorrow, February 23, 2025, and remain high.
Today's pepper price was updated on the afternoon of February 22, 2025 as follows: Domestic pepper prices fluctuated continuously and increased slightly compared to the previous decrease, an increase of 1,000 VND/kg; many localities did not increase, remained stable and anchored at a high level. Currently, the average pepper purchase price in key areas is 160,800 VND/kg.
Specifically, pepper prices today in Gia Lai province suddenly increased again after the previous decrease, an increase of 1,000 VND/kg, currently the pepper purchasing price in this locality is at 160,000 VND/kg.
Similarly, pepper prices in Dak Lak and Binh Phuoc provinces also increased by VND1,000/kg, currently the prices that traders buy pepper in these two localities are VND162,000/kg and VND160,000/kg, respectively.
Pepper prices in Ba Ria - Vung Tau fluctuate little and are stable, currently the purchase price is at 160,000 VND/kg.
Pepper prices in Dak Nong province are high, at 162,000 VND/kg.
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| Domestic pepper price updated on February 22, 2025 |
According to the Vietnam Pepper Association, pepper exports to the US in January 2025 increased by more than 20% compared to the same period last year. In addition, harsh weather and diseases on pepper plants also affected output, causing supply to continue to shrink.
According to the General Department of Customs, Vietnam's pepper exports in the first half of February 2025 reached 6,154 tons, equivalent to 41.5 million USD, down 3.6% in volume and 2.2% in value compared to the first half of January.
Cumulatively from the beginning of the year to February 15, pepper exports reached 19,083 tons, worth 128.8 million USD, down 17.2% in volume but recording a sharp increase of nearly 39% in value compared to the same period last year. This reflects a decline in export volume since the second half of last year, due to the increasingly depleted supply from the old crop, while the new harvest was delayed due to the impact of adverse weather.
In particular, the average export price of pepper from the beginning of the year to date has reached 6,749 USD/ton, an increase of 67.7% (equivalent to 2,725 USD/ton) over the same period last year, which is also the highest price in the past 9 years.
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| Farmers in Dak Nong province take care of pepper gardens |
According to information from the Vietnam Pepper and Spice Association (VPSA), in the first half of February 2025, Vietnam successfully exported 7,535 tons of pepper, with a total turnover of 51.5 million USD.
Of which, the US and Germany hold the leading positions in Vietnamese pepper consumption, with imported pepper volume reaching 2,829 tons and 1,326 tons respectively.
VPSA believes that the outlook for the global pepper market in 2025 will continue to be positive. Pepper output is forecast to decrease amid extreme weather conditions affecting productivity in many countries. This creates opportunities for the pepper export industry, especially in the Chinese market, which, despite low pepper imports from Vietnam in 2024, is expected to see increased demand as soon as Vietnam enters its main harvest season.
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| Update world pepper prices today February 22, 2025 |
Forecast of world pepper price tomorrow 23/2/2025
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 22, 2025 as follows: the market is vibrant again and increasing strongly, in which pepper prices in Malaysia increased from 400 - 500 USD/ton; pepper prices in Indonesia increased from 20 - 27 USD/ton compared to the previous trading session.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,287 USD/ton (up 20 USD/ton); Muntok white pepper is currently purchased at 10,127 USD/ton (up 27 USD/ton) compared to the previous trading session.
The Malaysian pepper market suddenly increased sharply compared to previous flat sessions. Currently, the price of Malaysian ASTA black pepper is purchased at 9,500 USD/ton (up 500 USD/ton) and the price of ASTA white pepper is at 12,000 USD/ton (up 400 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 23, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-2322025-tang-tro-lai-375141.html
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