Forecast for domestic pepper price tomorrow, February 13, 2025, will decrease slightly

Pepper price forecast tomorrow February 13, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 13.

Pepper price forecast tomorrow

Domestic pepper prices are forecasted to decrease slightly tomorrow, February 13, 2025, but prices will remain quite high.

Today's pepper price was updated on the afternoon of February 12, 2025 as follows: The domestic pepper market turned to decrease slightly, the decrease was from 500 - 2,000 VND/kg depending on the locality. Currently, the highest pepper price is 162,000 VND; the average pepper purchase price in key areas is 161,500 VND/kg.

Specifically, pepper prices today in Gia Lai province turned down slightly after previous increases, down 500 VND/kg, currently pepper is purchased at 161,500 VND/kg.

Similarly, pepper prices in Binh Phuoc and Dak Nong provinces also decreased by VND1,000/kg compared to the previous trading session, currently pepper prices in these two localities are VND161,000/kg and VND162,000/kg, respectively.

Pepper prices in Ba Ria - Vung Tau are stable, with little fluctuation. The current purchase price is 161,000 VND/kg.

Pepper prices in Dak Lak decreased the most, down 2,000 VND/kg compared to the previous trading session. Currently, the purchasing price in this locality is 162,000 VND/kg.

Domestic pepper price updated on February 12, 2025

According to statistics, after Tet, pepper prices increased by an average of VND9,000 - 11,000/kg. Some businesses and experts predict that pepper prices will continue to stay high this year.

Experts say that domestic pepper prices are on an upward trend due to high export demand and limited supply. Therefore, pepper prices may continue to increase in the short term, especially if the Chinese market, one of the largest customers of Vietnamese pepper, increases imports again. However, pepper prices may stagnate as supplies from the new harvest are gradually replenished.

In the international market, pepper prices are being greatly affected by reduced supply in major producing countries such as Vietnam, Brazil and Indonesia. However, global consumption demand remains stable, especially in major markets such as the US and EU. This will continue to support pepper prices to remain high in the coming time.

Farmers in Dak Nong province harvest pepper

According to pepper growers in the Central Highlands, the 2025 pepper harvest season has begun, but the work is taking place slower than in previous years due to a lack of labor and the impact of climate change.

However, farmers and traders expect pepper prices to continue to rise. Many households, after selling coffee and durian, are continuing to buy pepper to stockpile, anticipating the price increase in 2025, Ptexim said.

Mr. Luu Nhu Binh - Director of Doan Ket Cooperative (Dak Song, Dak Nong) said that in the past few days, farmers have been very excited because pepper prices are increasing day by day. Currently, the price is at 160,000 VND/kg, the highest in many years. In particular, this is the stage of preparing to enter the pepper harvest season, but the price has increased, which is very good news, people are excited about the new harvest.

Update world pepper prices today February 12, 2025

Forecast of world pepper price tomorrow February 13, 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 12, 2025 as follows: the pepper market remains stable, sideways and anchored at a high level; however, pepper prices in Indonesia continue to decrease slightly.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,251 USD/ton (down 14 USD/ton); Muntok white pepper is currently purchased at 10,010 USD/ton (down 18 USD/ton) compared to the previous trading session.

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 continued to increase by 200 USD/ton compared to the previous trading session, remaining at a fairly high level, currently purchasing at 6,700 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 13, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1322025-giam-nhe-373481.html