Forecast of domestic pepper price tomorrow 11/2/2025 to maintain upward trend

Pepper price forecast tomorrow February 11, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 11.

Pepper price forecast tomorrow

Domestic pepper price forecast tomorrow, February 11, 2025, will maintain an increase and stabilize at a high level.

Today's pepper price was updated on the afternoon of February 10, 2025 as follows: The domestic pepper market continued to increase sharply compared to the previous trading session and the previous week, increasing from 1,000 - 2,000 VND/kg depending on the locality; domestic pepper price has reached 160,000 VND/kg. Currently, the average pepper purchase price in key areas is 158,700 VND/kg.

Specifically, today's pepper price in Gia Lai province continued to increase by 1,500 VND/kg compared to the previous trading session, currently the pepper price is purchased at 157,500 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau , Binh Phuoc, and Dak Nong provinces have all increased by VND1,000/kg. Accordingly, the current pepper purchase price in Ba Ria - Vung Tau is VND158,000/kg; in Binh Phuoc it is VND158,000/kg and in Dak Lak the pepper purchase price is VND160,000/kg.

Pepper prices in Dak Nong continued to increase by 1,000 VND/kg and currently the purchase price here reaches 160,000 VND/kg.

Domestic pepper price updated on February 10, 2025

The Vietnam Pepper and Spices Association (VPSA) forecasts that global pepper output in 2025 will continue to decrease compared to 2024, as pepper is no longer the main crop. This is especially true in the context of increased competition from other crops, along with the increasing cost of maintaining pepper production.

Besides, climate change is becoming increasingly severe, affecting pepper growing areas in many countries such as Indonesia, India, Malaysia, Sri Lanka and Brazil, leading to a significant decrease in output.

According to statistics, domestic pepper prices continuously increased right after Tet, with a sharp increase of 8,500 - 10,800 VND/kg compared to last week. This helped local farmers enter the new harvest season with excitement.

Farmers in Gia Lai province dry pepper after harvest.

Experts say that with increasing global consumption demand, pepper prices are likely to continue to increase sharply from early 2025, opening up development opportunities for the pepper production and export industry.

According to Ptexim, from a market perspective, on average from 2019 to 2024, China imported 40,736 tons of pepper from Vietnam (including two years of lockdown due to Covid-19 in 2021 and 2022).

However, by 2024, China will import only 10,549 tons, down 82.4% from 2023 and down 74% from the average import volume over the past six years.

Therefore, Ptexim believes that if the Chinese market increases imports again, pepper prices will increase sharply. In case the Chinese market maintains a slow import level, pepper prices will still increase, but at a slower rate.

Update world pepper prices today February 10, 2025

World pepper price forecast tomorrow 11/2/2025

According to forecasts, world pepper prices tomorrow will remain stable, anchored at a high level, but there will still be slight fluctuations between countries.

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of February 10, 2025 as follows: the pepper market remains high; pepper prices in Indonesia have stabilized after the previous decline; pepper prices in other countries are stable and tend to move sideways.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,276 USD/ton; similarly, Muntok white pepper is currently purchased at 9,770 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 are currently quite high, currently purchasing at 6,500 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 6,500 USD/ton for 500 g/l; 550 g/l is at 6,650 USD/ton; and 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 11, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1122025-giu-da-tang-373097.html