Forecast of domestic pepper price tomorrow December 30, 2024

Forecast of domestic pepper price tomorrow , domestic pepper price tomorrow December 30, 2024 continues to be stable and slightly increased. Currently, the average pepper purchase price in localities is 146,800 VND/kg.

Today's pepper price was updated on the afternoon of December 29, 2024 as follows: Domestic pepper prices continued to stay high and increased slightly, fluctuating from 146,500 - 147,500 VND/kg.

Specifically, today's pepper price in Gia Lai was purchased at 146,500 VND/kg (an increase of 500 VND/kg) compared to the previous day's price; similarly, pepper price in Binh Phuoc province was also purchased at 146,500 VND/kg; pepper price in Ba Ria - Vung Tau, Dak Nong, Dak Lak localities was purchased at a higher price of 147,000 VND/kg.

Domestic pepper price updated on December 29, 2024

According to experts, pepper prices are facing a new upward cycle in early 2025. The main reason is believed to be the continued decline in global supply, while demand from major markets such as China and Europe is increasing. In addition, increased transportation costs also push up pepper prices.

According to a recent report by Ptexim (a company specializing in providing clean products for the community), demand remains stable from markets such as the US, Asia, the EU and China, although only a small amount of black and white pepper is purchased. However, the volume of goods traded on the market is very limited and liquidity is quite slow.

Farmers in Duc Trong district, Lam Dong province harvest pepper.

Dak Nong is the province with the largest pepper growing area in the country, with an area of 33,985 hectares of pepper, yielding 70,685 tons/crop. Recently, many farmers have practiced organic pepper cultivation, helping pepper gardens develop sustainably and stably, continuing to get rich thanks to this crop.

In addition, to develop pepper sustainably, the agricultural sector of Dak Nong province has had orientations and encouraged the replication of pepper production models according to certification standards. From there, forming production, preliminary processing, processing and consumption chains between farmers and businesses.

Update world pepper prices today December 29, 2024

Forecast of world pepper price tomorrow December 30, 2024. According to the forecast, world pepper price tomorrow will continue to remain stable. However, there will still be an increase - decrease in pepper price in the markets of countries.

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of December 29, 2024 as follows: the world pepper market remained stable compared to the previous trading session.

Specifically, IPC listed the price of Indonesian Lampung black pepper after a decrease, which has stabilized again and is at 6,817 USD/ton; similarly, the price of Muntok white pepper reached 8,921 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 price of Brazilian black pepper ASTA 570 continues to remain stable at a fairly high level, currently at $6,275/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 (December 30, 2024) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-30122024-366848.html