Domestic pepper price forecast tomorrow February 20, 2025 little fluctuation

Pepper price forecast tomorrow February 20, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price February 20.

Forecast of domestic pepper prices tomorrow

Domestic pepper price forecast tomorrow, February 20, 2025 remains stable, less volatile and anchored at a high level.

Today's pepper price was updated on the afternoon of February 19, 2025 as follows: Domestic pepper prices remained stable and anchored at a high level, the highest pepper price reached 162,500 VND/kg. Currently, the average pepper purchase price in key areas is 160,900 VND/kg.

Specifically, today's pepper price in Gia Lai province remains stable at a high level, currently purchased at 160,000 VND/kg. Similarly, pepper price in Binh Phuoc is also purchased at the same price of 160,000 VND/kg.

Pepper prices in Ba Ria - Vung Tau province continue to stay high, currently pepper is purchased at 160,000 VND/kg.

Pepper prices in Dak Lak province are currently being purchased at a fairly high price, at 162,000 VND/kg. Pepper prices in Dak Nong province are the highest in the country, at 162,500 VND/kg.

Domestic pepper price updated on February 19, 2025

According to Thestar (Singapore), global pepper prices, after a sharp increase in mid-2024, are expected to continue to grow this year, as pepper production has seriously declined and demand far exceeds supply.

Meanwhile, Chairwoman of the Vietnam Pepper and Spices Association, Ms. Hoang Thi Lien, is optimistic about the global pepper market in 2025 as output is expected to continue to decline and extreme weather conditions have reduced pepper productivity in many countries.

In addition, China, which imported little pepper from Vietnam last year, is expected to increase purchases as Vietnam enters its main harvest this month. Some industry analysts predict that Vietnamese pepper prices could rise 40% to 50% from current levels.

Farmers in Dak Nong province harvest pepper

Currently, the global pepper market is in short supply and demand is expected to remain stable or increase. Global pepper production is forecast to decrease by about 4%, equivalent to 22,000 tons in 2025, especially in Vietnam and Brazil. However, Indonesia is emerging as a notable supplier as the production of these countries is facing difficulties.

According to statistics from the Central Statistics Agency of Indonesia (BPS), in December 2024, Indonesia's pepper exports reached 4,673 tons, down 27.5% compared to the previous month but up 2.8 times compared to the same period in 2023. Indonesia's total pepper export turnover in 2024 reached 311.3 million USD, up 132.9% in volume and 171.8% in value compared to 2023. This result helps Indonesia maintain its third position in the list of the world's leading pepper exporting countries.

With the forecast of a shortage of supply and output, pepper importers in the US and Europe, who have realized early that the global pepper price trend will continue to increase, are rushing to stock up, causing pepper prices to stay high.

Update world pepper prices today February 19, 2025

World pepper price forecast tomorrow 20/2/2025

According to forecasts, world pepper prices will increase slightly tomorrow and stay 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 19, 2025 as follows: the pepper market increased slightly and continued to remain high. In particular, pepper prices in Indonesia increased from 4 - 75 USD/ton compared to the previous trading session.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,298 USD/ton (up 4 USD/ton); Muntok white pepper is currently purchased at 10,143 USD/ton (up 75 USD/ton).

The Malaysian pepper market continues to remain stable and is anchored 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 remained stable compared to the previous increase, currently purchasing at 6,800 USD/ton.

The export market for Vietnamese pepper continues to be stable and slightly decreasing. 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; 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 20, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-2022025-it-bien-dong-374598.html