Pepper prices continue to rise?

Forecast of domestic pepper prices tomorrow

According to forecasts, tomorrow, November 29, 2024, domestic pepper prices will continue to increase strongly, nearly reaching 144,000 VND/kg.

Pepper price today, November 28, 2024, domestic pepper price increased compared to yesterday, November 27, 2024. Gia Lai, Dak Lak, Binh Phuoc provinces all increased by 1,000 VND/kg, Dak Nong increased by 1,200 VND/kg. Only Ba Ria - Vung Tau province decreased by 1,000 VND/kg.

Pepper prices are forecasted to continue to increase tomorrow, November 29, 2024. Photo: Hoang Thien

Accordingly, the pepper price today, November 28, 2024, in Ba Ria - Vung Tau is at 140,000 VND/kg, Binh Phuoc 141,000 VND/kg, Gia Lai 141,500 VND/kg, Dak Lak 142,000 VND/kg. Dak Nong province alone has the highest price at 142,200 VND/kg. The average pepper price today, November 28, 2024 is at 141,300 VND/kg, an increase of 600 VND/kg compared to yesterday, November 27, 2024.

Forecast of world pepper price tomorrow

Update on world pepper prices from the International Pepper Community (IPC), at the end of the most recent trading session, the market was basically stable compared to the previous update, except for the Indonesian market which decreased slightly.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,596 USD/ton; down 0.42%; the price of Muntok white pepper at 9,101 USD/ton, down 0.42%. The price of Brazilian ASTA 570 black pepper was stable at 6,000 USD/ton. The price of Malaysian ASTA black pepper was at 8,400 USD/ton; the price of this country's ASTA white pepper reached 10,500 USD/ton.

Of which, the price of Vietnamese black pepper is stable at 6,200 USD/ton for 500 g/l, 550 g/l remains at 6,500 USD/ton; the price of white pepper is at 9,400 USD/ton, unchanged.

According to forecast, world pepper price tomorrow November 29, 2024, pepper price will remain stable, with no sign of increase or decrease.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (November 29, 2024) on Congthuong.vn.