Pepper price forecast for tomorrow, January 6, 2025, slight upward trend

Pepper price forecast tomorrow

Domestic pepper price forecast tomorrow, January 6, 2025 tends to increase slightly; currently, pepper purchase price in localities averages 148,800 VND/kg.

Today's pepper price was updated on the afternoon of January 5, 2025 as follows: Domestic pepper price continued to increase compared to the previous trading session, reaching 150,000 VND/kg in Dak Nong province; other localities increased slightly. Currently, the average pepper purchase price in localities is 148,800 VND/kg.

Specifically, today's pepper price in Dak Nong province increased continuously, currently the purchase price recorded at 150,000 VND/kg (an increase of 500 VND/kg compared to the previous trading session); pepper price in Dak Lak province increased by 1,000 VND/kg, currently at 149,000 VND/kg; Binh Phuoc pepper price was purchased at 148,000 VND/kg (an increase of 1,000 VND/kg); Gia Lai pepper price was at 148,000 VND/kg (an increase of 500 VND/kg); Ba Ria - Vung Tau pepper price, although not increased, is still at 149,000 VND/kg.

Domestic pepper prices updated on January 5, 2025

According to data from the Import-Export Department ( Ministry of Industry and Trade ), in 2024, Vietnam's pepper exports are estimated to reach 250,000 tons of pepper, with a turnover value of more than 1.3 billion USD, down 6.1% in volume but up 44.7% in value compared to 2023. This is also the highest export value of the pepper industry since 2017.

In 2024, despite the fluctuations in the world economy, businesses will be affected by logistics costs, price fluctuations and competition from other producing countries. However, the Vietnamese pepper and spice industry will still achieve impressive growth. In particular, the pepper industry will return to the billion-dollar export group after many years of stagnation.

Experts say the Vietnamese pepper industry is currently facing many challenges such as unfavorable weather, high production costs and diseases, while the pepper growing area has decreased due to the change in crop structure. However, with low inventories and a forecast of a late 2025 harvest due to prolonged drought, pepper prices are expected to increase.

Farmers in Dak Nong province harvest pepper.

The 2025 pepper crop in Vietnam will be harvested almost entirely in February, with some areas extending to March and April, 1-2 months later than previous years due to the impact of prolonged drought, making pepper supply increasingly difficult.

Global pepper prices remain high due to reduced supply and increased demand. In the US, black pepper prices peaked at $8,693 per tonne in June 2024. Global pepper production in 2024 is estimated at 533,000 tonnes, down 10,000 tonnes from the previous year.

Vietnam recorded a drop in output to 170,000 tonnes, but is expected to recover to 200,000 tonnes by 2025. Meanwhile, India will face a 25-30% drop in output by 2025 due to adverse weather impacts.

Update world pepper prices today January 5, 2025

World pepper price forecast tomorrow January 6, 2025

According to forecasts, world pepper prices will increase slightly tomorrow. However, there will still be increases and decreases in pepper prices in the markets of different countries.

Update on world pepper prices from the International Pepper Association (IPC) on the afternoon of January 5, 2025 as follows: After many exciting sessions, the world pepper market has stabilized again and is anchored at a fairly high level.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,832 USD/ton, similar to the price of Muntok white pepper purchased at 8,940 USD/ton.

The Malaysian pepper market remains high, currently the price of Malaysian ASTA black pepper is purchased at 8,600 USD/ton compared to the previous trading session; the price of ASTA white pepper is at 10,900 USD/ton.

The Brazilian pepper market is stable, with little fluctuation compared to the previous trading session, currently at 6,325 USD/ton.

The export price of Vietnamese black pepper is stable, increasing slightly, currently reaching 6,400 USD/ton for 500 g/l and 6,700 USD/ton for 550 g/l; the price of white pepper is high at 9,600 USD/ton.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (January 6, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-612025-xu-huong-tang-nhe-368030.html