Pepper price forecast tomorrow February 4, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 4.
Pepper price forecast tomorrow
Domestic pepper price forecast tomorrow, February 4, 2025, price continues to increase slightly and stays at a high level.
Today's pepper price was updated on the afternoon of January 3, 2025 as follows: The domestic pepper market increased slightly after the Lunar New Year holiday, the increase was about 500 VND/kg, depending on the locality and remained high. Currently, the average pepper purchase price in key areas is 147,800 VND/kg.
Specifically, pepper prices today in Gia Lai province remained stable and were purchased at 147,500 VND.
Pepper price in Ba Ria - Vung Tau province has increased slightly, an increase of 500 VND/kg, the current purchase price is 147,500 VND/kg; similarly, pepper price in Binh Phuoc also increased by 500 VND/kg compared to the previous trading session, the current purchase price is 147,500 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.
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| Domestic pepper price updated on February 3, 2025 |
Ms. Hoang Thi Lien - President of the Vietnam Pepper Association (VPSA), said that with the current situation, global pepper output is still not enough to meet the expected increase in demand in the next 3-5 years. In Vietnam, pepper, a strong crop, is entering a new price increase cycle to compensate for years of extremely low prices.
Mr. Hoang Phuoc Binh - Vice President of Chu Se Pepper Association (Gia Lai) said that pepper prices often tend to increase in cycles. For example, the previous price increase cycle started in 2010 and peaked in 2015.
According to experts, there have been many forecasts that in the coming years, global pepper production will not be enough to meet increasing consumer demand. Therefore, pepper prices are expected to increase sharply from 2024, opening a new development period for this industry in Vietnam.
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| Farmers in Gia Lai province harvest pepper. |
According to statistics, the current pepper growing area in the country is about 113,000 hectares, with an estimated output of 190,000 tons. In 2024, Vietnam's pepper exports will reach nearly 250,000 tons, with a record value of 1.31 billion USD, accounting for 40% of global output and 60% of global exports. Although world pepper prices are currently stable, experts predict that prices may increase in the first quarter of 2025 due to a decline in output from Vietnam and Brazil.
After the Lunar New Year holiday, Vietnamese farmers have begun harvesting early-ripening pepper in some areas, and the harvest is expected to be in full swing in the coming time. However, this year, the harvest has been delayed compared to previous years due to unfavorable weather conditions last year.
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| Update world pepper prices today February 3, 2025 |
Forecast of world pepper price tomorrow 2/4/2025
According to forecasts, world pepper prices will continue to be stable tomorrow, but there will still be slight fluctuations between countries.
Update on world pepper prices from the International Pepper Association (IPC) on the afternoon of February 3, 2025 as follows: After many fluctuations between countries, the pepper market tends to stabilize, move sideways and is anchored at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,165 USD/ton; similarly, Muntok white pepper is currently purchased at 9,672 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.
Similarly, pepper prices in Brazil remain stable, currently the pepper purchase price in Brazil is at 6,150 USD/ton.
The export market for Vietnamese pepper continues to be stable, increasing slightly. 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 (February 4, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-422025-trong-nuoc-tiep-da-tang-372013.html
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