Domestic sudden increase?

Forecast of domestic pepper prices tomorrow

According to the forecast, tomorrow's pepper price, December 6, 2024, domestic pepper prices unexpectedly increased sharply compared to today, December 5, 2024. Tomorrow's pepper price is forecast to increase by nearly 3,000 VND/kg, averaging at about 143,000 VND/kg; many localities will increase sharply by 3,000 VND/kg.

Pepper price forecast for tomorrow, December 6, 2024, will suddenly increase sharply. Photo: Hoang Thien

Pepper price today December 5, 2024, the price situation continues to plummet compared to yesterday December 4, 2024; average only at 140,600 VND/kg, many localities have decreased sharply.

Accordingly, pepper price today, December 5, 2024, Gia Lai province decreased by 500 VND/kg; Ba Ria - Vung Tau, Dak Lak both decreased by 1,000 VND/kg; Dak Nong decreased by 1,500 VND/kg, only Binh Phuoc decreased the most at 2,000 VND/kg.

Specifically, pepper prices in Gia Lai and Binh Phuoc are both at 140,000 VND/kg; pepper prices in Ba Ria - Vung Tau, Dak Lak and Dak Nong are all at 141,000 VND/kg. The average pepper price today, December 5, 2024, is at 140,600 VND/kg, a sharp decrease of 1,200 VND/kg.

Since the beginning of the week, pepper prices have dropped sharply. However, with low inventories and high export demand, pepper prices are expected to recover in the coming time. Farmers and businesses need to proactively adapt to market fluctuations to ensure economic efficiency.

Many experts believe that pepper is entering a price increase cycle due to tight supply. Currently, the goods are mainly in the hands of a few agents and import-export companies. This could lead to significant fluctuations in the market in the coming time.

Pepper price today 12/5/2024

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 fluctuated slightly and insignificantly.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,660 USD/ton; up 0.05%; the price of Muntok white pepper at 9,090 USD/ton, up slightly 0.04%.

The price of Brazilian ASTA 570 black pepper was stable at 6,250 USD/ton; the price of Malaysian ASTA black pepper was at 8,300 USD/ton, down 1.2%; 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 9,300 USD/ton, unchanged.

World pepper prices are forecasted to be basically stable tomorrow, December 6, 2024, with some fluctuations but not significant. Photo: Le Son

According to forecast, the world pepper price tomorrow, December 6, 2024, pepper price will remain stable, if there is any increase/decrease, it will not be significant, there may be slight fluctuations in the Indonesian market.

The situation in other producing countries has also been volatile, with Indonesia recording favorable harvests in some areas, helping to improve supplies.

Meanwhile, Brazil is facing selling pressure due to strong production increases from major growing regions such as Para and Espirito Santo. However, dry weather at the beginning of the season still significantly affected pepper quality and output, making it difficult for producers to maintain stable quality.

The pepper market is also strongly affected by the European Union Deforestation Regulation (EUDR). This regulation not only creates instability in the market but also causes sudden fluctuations in pepper prices.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (December 6, 2024) on Congthuong.vn.