Pepper price forecast for tomorrow January 7, 2025, upward trend

Pepper price forecast tomorrow

Domestic pepper prices are forecasted to increase slightly tomorrow, January 7, 2025; current pepper purchase price in localities averages 148,900 VND/kg.

Today's pepper price was updated on the afternoon of January 6, 2025 as follows: After many sessions of price increase, the domestic market has stabilized, but is still at a high level, in which Dak Nong province recorded a price of 150,000 VND/kg; other localities increased slightly such as Gia Lai province increased by 500 VND/kg. Currently, the average pepper purchase price in localities is 148,800 VND/kg.

Specifically, the pepper price today in Dak Nong province is currently at 150,000 VND/kg; the pepper price in Dak Lak province is currently at 149,000 VND/kg; the pepper price in Binh Phuoc is at 148,000 VND/kg and the pepper price in Ba Ria - Vung Tau is still at 149,000 VND/kg. In particular, the pepper price in Gia Lai has increased slightly again, currently at 148,000 VND/kg.

Domestic pepper price updated on January 6, 2025

According to preliminary data from the Vietnam Pepper and Spices Association (VPSA), Vietnam's pepper exports of all kinds in December 2024 are estimated at 15,265 tons, worth 100.6 million USD, down 4.3% in volume and 5.5% in value compared to the previous month.

The average export price of black pepper in December 2024 reached 6,476 USD/ton, white pepper reached 8,198 USD/ton, down 0.6% for black pepper and 1.1% for white pepper compared to November 2024.

Of which, the US is still Vietnam's largest pepper export market in December, accounting for 29.5% reaching 4,509 tons, down 11.4% compared to November.

By the end of 2024, Vietnam had exported a total of 250,600 tons of pepper of all kinds, of which black pepper reached 220,269 tons and white pepper reached 30,331 tons. The total export turnover reached 1.32 billion USD, including black pepper 1.117 billion USD, white pepper 200.6 million USD. Compared to 2023, the export volume decreased by 5.1%, but the turnover increased by 45.4%.

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

Based on factors such as high production costs, unfavorable weather, reduced supply, increased consumption demand, etc., pepper traders predict that the pepper market will continue to increase in major localities, especially in areas with high purchasing demand such as Dak Nong, Ba Ria - Vung Tau, and Dak Lak . The increase may range from 500 - 1,500 VND/kg depending on the region, helping domestic pepper prices maintain competitiveness in the international market.

It is forecasted that in 2025, major markets such as China, the US and the EU will continue to increase imports. China imported 9,677 tons of pepper in the first 11 months of 2024, a sharp increase in volume and value. Global pepper prices remain high due to reduced supply and increased demand, especially in the US, where black pepper prices peaked at $8,693/ton in June 2024.

Update world pepper prices today January 6, 2025

World pepper price forecast tomorrow January 7, 2025

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

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of January 6, 2025 as follows: After many exciting sessions, the world pepper market has stabilized 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 7, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-712025-xu-huong-tang-368184.html