Pepper price forecast tomorrow
Domestic pepper price forecast tomorrow, January 12, 2025, will decrease slightly; after many consecutive sessions of decline, the domestic pepper market has pushed pepper prices back to 147,000 VND.
Today's pepper price was updated on the afternoon of January 11, 2025 as follows: Domestic pepper price returned to around 147,000 VND/kg after many consecutive price reductions. Currently, the pepper market in key localities is 147,100 VND/kg.
Specifically, today's pepper price in Gia Lai province recorded a stable level compared to the previous trading session, currently being purchased at 147,000 VND/kg; similarly, pepper price in Binh Phuoc province is also purchased at 147,000 VND/kg.
On the contrary, the pepper market in Ba Ria - Vung Tau and Dak Lak continued to decrease by 2,000 VND/kg compared to the previous trading session, currently the pepper price in these two localities is purchased at 147,000 VND/kg.
Particularly, the pepper market in Dak Nong decreased slightly and the purchase price was slightly higher than other localities, currently the pepper price here is purchased at 147,500 VND/kg.
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| Domestic pepper price updated on January 11, 2025 |
Experts say the pepper market is currently quite quiet, with low transactions. Meanwhile, farmers, agents and exporters are limiting sales and holding onto their stocks, hoping that prices will increase sharply after Tet.
However, it is expected that the amount of pepper available for export in January and February will be very limited, putting great pressure on current inventories, as the main harvest will begin in March or April, in the context that this year's crop is expected to arrive later than usual due to climate change.
According to statistics, after many consecutive days of increase in the domestic market, pepper prices have adjusted sharply downward. The Central Highlands region has decreased the most, of which Dak Lak has decreased by 6,000 VND/kg. This has caused pepper prices in key provinces to fall below 147,000 VND/kg. Currently, the average purchase price is 147,100 VND/kg.
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| Farmers in Dak Nong province harvest pepper |
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 sixth consecutive month. Brazil is the world's second largest producer and exporter of black pepper, accounting for 17-18% of global supply.
With this result, Brazil's pepper exports in 2024 will only reach 61,665 tons, a sharp decrease of 23.6% (19,037 tons) compared to 2023.
In addition, Vietnam's market share in Brazil's total pepper exports last year also decreased to 12.3% from 20.6% in 2023. The average import price recorded an increase of 23.2% to 3,770 tons, but was still the lowest among the top 19 pepper importing countries from Brazil.
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| Update world pepper prices today January 11, 2025 |
World pepper price forecast tomorrow January 12, 2025
According to forecasts, world pepper prices tomorrow will be stable and sideways, however there will still be mixed increases and decreases between countries.
Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of January 11, 2025 as follows: the world pepper market is stable in many countries and slightly increased in Indonesia.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,841 USD/ton (up 3 USD/ton) compared to the previous trading session, similarly, the price of Muntok white pepper was purchased at 8,953 USD/ton.
After many strong increases, the Malaysian pepper market has stabilized and is anchored at a high level. Currently, the price of Malaysian ASTA black pepper is purchased at 8,700 USD/ton and the price of ASTA white pepper is at 11,100 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 increasing slightly. 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 12, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-1212025-trong-nuoc-giam-nhe-369064.html
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