Pepper price forecast tomorrow 11/2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price on January 11.
Pepper price forecast tomorrow
Domestic pepper prices are forecasted to begin to stabilize tomorrow, January 11, 2025, after a sharp decline that caused the pepper market to fall to 150,000 VND/kg; currently, the average pepper purchase price in localities is 148,000 VND/kg.
Today's pepper price was updated on the afternoon of January 10, 2025 as follows: After many sessions of increase, domestic pepper prices have simultaneously turned around and decreased sharply, the decrease is from 1,000 - 4,000 VND/kg. Currently, the pepper market in all key localities in the country has fallen below the 150,000 VND/kg mark.
Specifically, today's pepper price in Gia Lai province recorded a decrease of 3,000 VND/kg compared to the previous trading session, currently being purchased at 147,000 VND/kg; similarly, pepper price in Dak Nong province continued to decrease by 3,000 VND/kg, currently at 148,000 VND/kg.
Pepper prices in Ba Ria - Vung Tau and Binh Phuoc both decreased by 1,000 VND/kg, currently the pepper purchase price in both localities is at 149,000 VND/kg; Pepper prices in Dak Lak province have the deepest decrease, with a decrease of 4,000 VND/kg, currently being purchased at 147,000 VND/kg.
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| Domestic pepper price updated on January 10, 2025 |
According to statistics, in 2024, Vietnam will export a total of 250,600 tons of pepper, including 220,269 tons of black pepper and 30,331 tons of white pepper. Export turnover will reach 1.32 billion USD, up 45.4% compared to 2023, although export volume will decrease by 5.1%.
In addition, in 2024, Vietnam imported 36,727 tons of pepper, with a turnover of 176.2 million USD. The three largest pepper suppliers to Vietnam are Indonesia, Brazil and Cambodia. Of which, imports from Indonesia and Cambodia increased sharply, while imports from Brazil decreased.
Experts say the pepper market is currently quite quiet, with low trading. Meanwhile, farmers, agents and exporters are limiting sales and holding onto their stocks, hoping that prices will increase sharply after Tet. Therefore, the supply of pepper for export in January and February 2025 will be very limited.
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| People in Dak Nong province harvest pepper |
Brazil is currently the world’s second largest producer and exporter of black pepper, accounting for 17-18% of global supply. However, Brazil’s pepper exports in the 2024 crop year are expected to decline sharply, marking a three-year decline, due to low output due to the impact of El Nino.
According to data from the Brazilian State Center for Foreign Trade Statistics (Comex Stat), the country's pepper export volume in December 2024 reached 4,374 tons, down 41% compared to the same period in 2023 and marking a decline for the 6th consecutive month.
However, the export turnover value in the past year still increased by 13.4% to 286 million USD. Mainly due to the average export price of pepper increasing by 48.4%, reaching 4,639 USD/ton.
Brazil's leading pepper export markets in 2024 include: UAE, Vietnam, Pakistan, India, Senegal...
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| Update world pepper prices today January 10, 2025 |
World pepper price forecast tomorrow January 11, 2025
According to forecasts, world pepper prices tomorrow will still have mixed increases and decreases between countries.
Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of January 10, 2025 as follows: the world pepper market is stable in many countries and increased in Malaysia, with an increase of 100 - 200 USD/ton.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,838 USD/ton, stable compared to the previous trading session, similar to the price of Muntok white pepper purchased at 8,949 USD/ton.
On the contrary, the Malaysian pepper market after many sessions of price stability has increased strongly again, with an increase of 100 - 200 USD/ton. Currently, the price of Malaysian ASTA black pepper is purchased at 8,700 USD/ton (an increase of 100 USD/ton) compared to the previous trading session; the price of ASTA white pepper is at 11,100 USD/ton (an increase of 200 USD/ton).
Meanwhile, the Brazilian pepper market continues to stay high, currently at 6,350 USD/ton.
Vietnam's pepper export market is stable and slightly decreasing. Specifically, the export price of Vietnam's black pepper is currently at 6,350 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l; 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 (January 11, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-1112025-trong-nuoc-di-ngang-368914.html
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