Pepper price forecast for tomorrow, January 29, 2025, little fluctuation domestically

Pepper price forecast tomorrow January 29, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price January 29.

Pepper price forecast tomorrow

Domestic pepper price forecast tomorrow, January 29, 2025 is less volatile, stable, sideways and anchored at a high level.

Today's pepper price was updated on the afternoon of January 28, 2025 as follows: The domestic pepper market remains stable, with little fluctuation and anchored at a high level after the Lunar New Year holidays of At Ty in 2025.

Specifically, pepper prices today in Gia Lai province remained stable and were purchased at 147,500 VND.

Pepper prices in Ba Ria - Vung Tau province continue to remain stable, but are still low compared to the whole country, the current purchase price is 147,000 VND/kg; similarly, pepper prices in Binh Phuoc remain stable compared to the previous trading session, currently the pepper purchase price is 147,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong are currently at a fairly high level, with the current purchase price of pepper in these two localities at 148,200 VND/kg.

Domestic pepper price updated on January 28, 2025

According to information from the General Department of Vietnam Customs, in the first half of January 2025, Vietnam exported 6,383 tons of pepper, worth more than 42 million USD. The export price of pepper in the first half of January reached an average of 6,648 USD/ton, higher than the average export price in 2024 (5,280 USD/ton). This shows that pepper prices in the export market are still high.

In the domestic market, pepper prices in January 2025 are still maintained at a high level. In the days approaching Tet At Ty, pepper prices are approaching 150,000 VND/kg.

Experts say that the decrease in global pepper production is the main reason for pepper prices to remain high. According to the International Pepper Community (IPC), the world recorded a global pepper production decrease of about 4% in 2024 compared to 2023, equivalent to a decrease of 22,000 tons, down to 558,000 tons. This decrease mainly comes from Brazil and Vietnam.

Farmers in Dak Nong province take care of their pepper gardens.

The Vietnam Industry and Trade Information Center (VITIC) assessed that the pepper harvest in Vietnam will begin after the Lunar New Year 2025 and last until the end of April 2025.

Currently, Vietnam and Brazil still maintain their leading positions in pepper exports, while Indonesia increases exports. However, pepper output in 2025 may not increase sharply due to reduced planting areas in some localities.

Vietnam's pepper exports in 2025 are expected to face both opportunities and challenges, with pepper prices depending on consumption from major markets such as the US and China.

Update world pepper prices today January 28, 2025

World pepper price forecast tomorrow January 29, 2025

According to forecast, world pepper prices will be stable tomorrow, but there will still be slight fluctuations between countries.

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of January 28, 2025 as follows: the pepper market tends to stabilize at a high level.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,157 USD/ton; similarly, Muntok white pepper is currently purchased at 9,456 USD/ton.

The Malaysian pepper market continues to remain stable and 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.

Pepper prices in Brazil have stabilized after many previous declines. Currently, the pepper purchase price in Brazil is at 6,150 USD/ton.

The export market for Vietnamese pepper continues to be stable and slightly increasing. Specifically, the export price of Vietnamese 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 29, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-2912025-trong-nuoc-it-bien-dong-371539.html