Pepper price forecast for tomorrow, January 19, 2025, stable domestically

Pepper price forecast tomorrow

Domestic pepper price forecast tomorrow, January 19, 2025, is less volatile, stable, and sideways.

Today's pepper price was updated on the afternoon of January 18, 2025 as follows: The domestic pepper market fluctuated little, was stable and went sideways compared to the previous trading session. Currently, the pepper purchase price 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 provinces is at 146,000 VND/kg.

Pepper prices in Dak Lak, after a slight increase, have also leveled off compared to the previous trading session. Currently, pepper prices are purchased at 145,500 VND/kg.

Domestic pepper price updated on January 18, 2025

The Vietnam Pepper and Spice Association (VPSA) said that in the context of pepper prices remaining high, farmers are being encouraged to invest in crop care to improve productivity and product quality. However, new planting areas need time to supply the market, making it impossible for the Vietnamese pepper industry to fully recover in the short term.

Domestic pepper prices continue to be stable, with a sideways trend after many previous sessions of ups and downs. According to experts, the amount of pepper in stock among the people is currently very low, mainly concentrated in business warehouses. This makes it difficult for pepper prices to have a major breakthrough before Tet.

According to VPSA, the impact of climate change in 2024 will partly affect pepper production of farmers in key pepper growing areas. However, some areas of the provinces recorded favorable weather conditions.

Farmers in Gia Lai province take care of pepper

According to the Vietnam Pepper and Spice Association (VPSA), domestic pepper prices in the last 3 months of 2024 did not fluctuate much and remained at an average of 140,000 to 150,000 VND/kg.

Compared to the beginning of the year, domestic prices of black pepper increased by 75.6% and white pepper increased by 68.8%, similarly, export prices also increased by 30.7% for black pepper and 28.6% for white pepper. This is a positive signal, contributing to increasing farmers' income and encouraging sustainable production.

The International Pepper Community commented that the pepper market in the third week of 2025 showed mixed reactions. Both domestic and international prices of Indian pepper were stable. Despite the weakening of the Indonesian Rupiah against the US dollar (IDR 16,322 to USD 1), both domestic and international pepper prices recorded positive results.

Update world pepper prices today January 18, 2025

Forecast of world pepper price tomorrow January 19, 2025

According to forecast, world pepper prices tomorrow will be stable and increase slightly, however 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 18, 2025 as follows: The world pepper market maintained high prices, with little fluctuation compared to the previous trading session.

Specifically, IPC listed the price of Indonesian Lampung black pepper after many sessions of increase and decrease, has stabilized and remained unchanged, currently the price is at 7,113 USD/ton, similar to the price of Muntok white pepper purchased at 9,193 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 9,000 USD/ton and the price of ASTA white pepper is at 11,600 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 has decreased relatively. 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 19, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-1912025-trong-nuoc-on-dinh-370203.html