Forecast of domestic pepper price tomorrow , domestic pepper price tomorrow January 2, 2025 is high and slightly decreased. Currently, the average pepper purchase price in localities is 146,800 VND/kg.
Today's pepper price was updated on the afternoon of January 1, 2025 as follows, domestic pepper price is quite high and slightly decreased.
Specifically, pepper prices in Gia Lai today, after a slight increase, have turned to decrease by 500 VND/kg. Currently, the local purchase price is 146,000 VND/kg. Similarly, pepper prices in localities such as Binh Phuoc , Ba Ria - Vung Tau, Dak Nong, Dak Lak provinces have been stable, continuing to stay at a fairly high level for many days and are currently purchased at the same price in all localities at 147,000 VND/kg.
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| Domestic pepper prices updated on January 1, 2025 |
Experts predict that pepper prices will continue to enter a new upward cycle in 2025 due to many factors. First, global supply is reduced due to the impact of drought and adverse weather. Second, high transportation costs also push up product prices. Finally, the US Federal Reserve (FED)'s interest rate cut is expected to stimulate economic activity in major importing countries, potentially increasing demand for Vietnamese pepper in key markets such as the US and EU.
Pepper processors and exporters say Vietnam’s pepper inventories are currently very low. The 2025 harvest is forecast to be delayed by 1-2 months and output will decrease due to drought. The Chinese market is expected to increase purchases, contributing to boosting prices in 2025.
The Vietnam Pepper and Spice Association (VPSA) expects the Chinese market to buy more actively next year. This year, China only bought about 10,000 tons, while other markets have bought heavily, reducing purchasing pressure right at the beginning of the season.
Despite the positive outlook for pepper prices, the pepper industry still faces challenges such as erratic weather, increased production costs and disease risks. In addition, some farmers have switched to growing more profitable crops such as durian and coffee, reducing the pepper growing area and affecting output.
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| People in Duc Trong district, Lam Dong province take care of pepper gardens. |
Despite the positive outlook for pepper prices, the pepper industry still faces challenges such as erratic weather, increased production costs and disease risks. In addition, some farmers have switched to growing more profitable crops such as durian and coffee, reducing the pepper growing area and affecting output.
Since the beginning of the year, Vietnam has exported about 250,000 tons of pepper, worth 1.3 billion USD, far exceeding the 910.5 million USD of 2023 despite the lower export volume. This is the highest export value of the pepper industry since 2017.
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| Update world pepper prices today January 1, 2025 |
Forecast of world pepper price tomorrow January 2, 2025. According to the forecast of world pepper price tomorrow according to the new increasing cycle. However, there is still an increase - decrease in pepper price in the market of countries.
Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of January 1, 2025 as follows: The pepper market in Brazil is bustling and increasing again after many days of stagnation, an increase of about 50 USD/ton.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,855 USD/ton, stable compared to the previous trading session, similarly, the price of Muntok white pepper was purchased at 8,970 USD/ton.
On the contrary, after many days of sideways movement, the Brazilian pepper market at the beginning of the new year 2025 has increased again, an increase of 50 USD/ton, currently the price is at 6,325 USD/ton.
Malaysian ASTA black pepper price is purchased at 8,500 USD/ton; ASTA white pepper price is at 10,700 USD/ton.
The export price of Vietnamese black pepper is stable, 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 2, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-212025-giam-nhe-367369.html
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