Pepper price forecast for tomorrow, January 17, 2025, domestic price will increase slightly

Pepper price forecast tomorrow

Domestic pepper price forecast tomorrow, January 17, 2025, will recover and increase slightly.

Today's pepper price was updated on the afternoon of January 16, 2025 as follows: The domestic pepper market fluctuated little and increased slightly compared to the previous trading session. Currently, pepper purchasing prices in key markets fluctuated between 145,000 - 146,000 VND/kg; the average pepper price was 145,500 VND/kg.

Specifically, pepper prices today in Gia Lai and Binh Phuoc provinces fluctuated little compared to the previous trading session. Currently, pepper prices in these two localities are purchased at 145,000 VND/kg.

Similarly, pepper prices in Ba Ria – Vung Tau and Dak Nong provinces continue to remain stable and at a fairly high level. Currently, the purchase price in these two localities is at 146,000 VND/kg.

Pepper prices in Dak Lak , after many sessions of price stability, have started to increase slightly, an increase of 500 VND/kg, currently the pepper price is purchased at 145,500 VND/kg.

Domestic pepper price updated on January 16, 2025

Currently, the Vietnam Pepper and Spice Association (VPSA) encourages farmers to improve the quality of pepper right from the planting stage, while businesses need to invest in deep and clean processing. At the same time, expand products and markets to penetrate the global pepper supply chain.

After a period of high prices, the domestic pepper market is currently falling sharply, with prices fluctuating around 145,000 - 146,000 VND/kg, down 5,000 - 6,000 VND/kg depending on the region.

According to VPSA, Vietnam currently has about 200 pepper processing enterprises, of which 15 enterprises account for 70% of export volume, with 14 deep processing factories. Along with that, 5 foreign-invested enterprises account for nearly 30% of the export market share. Vietnam's pepper processing technology has now met international standards, creating diverse products such as black pepper, white pepper, ground pepper and small packages.

Farmers in Dak Nong province dry pepper after harvest.

According to experts, the recent decline in domestic pepper prices is due to weak purchasing demand from businesses and traders. In addition, the amount of pepper in stock among people is currently very low, mainly concentrated in business warehouses. This may stabilize pepper prices in the short term but it is difficult to exceed the 150,000 VND/kg mark before Tet.

In the international market, pepper prices in Indonesia have slightly decreased after a recent increase. Meanwhile, pepper prices in Vietnam, Brazil and Malaysia remain stable. Experts predict that consumption demand in major markets such as the US, EU and China will support pepper prices in the medium term.

Despite the current drop in pepper prices, the outlook for the 2025 crop in Vietnam is positive thanks to favorable weather conditions. If high yields and good quality are maintained, the Vietnamese pepper industry will continue to assert its position in the international market.

Update world pepper prices today January 16, 2025

Forecast of world pepper price tomorrow January 17, 2025

According to forecasts, world pepper prices tomorrow will continue to be stable and decrease slightly, but there will still be increases and decreases between countries.

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of January 16, 2025 as follows: the world pepper market fluctuated little and was stable; pepper prices in Indonesia, after a strong increase, turned down, down from 20 - 26 USD/ton compared to the previous trading session.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,142 USD/ton (down 20 USD/ton) compared to the previous trading session, similarly, the price of Muntok white pepper was purchased at 9,231 USD/ton (down 26 USD/ton).

The Malaysian pepper market continues to remain stable 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.

Similarly, the Brazilian pepper market continues to hold at a fairly high level, 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 16, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-1712025-trong-nuoc-tang-nhe-369874.html