Domestic pepper prices tomorrow fluctuate and increase

Forecast domestic pepper price tomorrow, domestic pepper price tomorrow December 18, 2024, pepper price will stay high and increase slightly, fluctuating around 146,000 - 147,000 VND/kg.

Today's pepper price was updated on the morning of December 17, 2024 as follows: Domestic pepper prices are stable, maintained at a fairly high level and increased slightly compared to the previous trading session. Currently, the average purchase price in localities is at 146,100 VND/kg.

Specifically, the pepper purchase price in Gia Lai province is at 145,500 VND/kg; similarly, the pepper purchase price in Binh Phuoc province is at 146,000 VND/kg; the pepper purchase price in Ba Ria - Vung Tau is at 146,000 VND/kg; the pepper purchase price in Dak Lak increased by 500 VND/kg, at 146,500 VND/kg and the pepper purchase price in Dak Nong increased by 300 VND/kg, at 146,500 VND/kg.

Pepper harvest in Duc Trong district, Lam Dong

According to experts, the pepper market will have an improvement in price in the coming time when the demand for goods from the US market continues to help pepper prices stabilize. The price is still trading around 146,000 - 147,000 VND/kg and is likely to catch a new wave of increase. In addition, export demand from major markets such as the US and EU remains high, further supporting the market.

According to information from the Vietnam Pepper and Spice Association (VPSA), the Vietnamese pepper and spice industry is increasingly asserting its position in the international market, becoming one of the leading suppliers of high-quality products such as pepper, cinnamon, star anise and many other spices.

However, improving transparency, management efficiency and access to international customers is extremely important. And one of the strategic solutions proposed by the Vietnam Pepper and Spice Association is to build a Digital Map of Vietnam Pepper and Spices under the sponsorship and consultancy of Sippo Organization (Switzerland).

Domestic pepper price updated on December 17, 2024

Forecast of world pepper price tomorrow. According to forecast of world pepper price tomorrow, it is stable and continues to increase, however, there are fluctuations in market increase - decrease between countries.

Update on world pepper prices from the International Pepper Community (IPC) on December 17 as follows: The world pepper market fluctuated slightly, with increases and decreases between countries. In particular, the Vietnamese pepper market was stable and increased slightly.

Specifically, IPC listed the price of Indonesian Lampung black pepper up 58 USD/ton compared to the previous trading session, reaching 6,845 USD/ton; However, in contrast, the price of Muntok white pepper decreased 18 USD/ton and reached 9,050 USD/ton.

Similarly, the price of Brazilian ASTA 570 black pepper is currently at 6,350 USD/ton (up 50 USD/ton) compared to the previous trading session; Pepper prices in Malaysia continue to be stable compared to the previous trading session; the price of Malaysian ASTA black pepper is at 8,200 USD/ton, the price of ASTA white pepper is at 10,400 USD/ton.

The export price of Vietnamese black pepper remains stable at 6,300 USD/ton for 500 g/l, 6,600 USD/ton for 550 g/l; the price of white pepper is at 9,400 USD/ton and slightly increased.

Update world pepper prices today December 17, 2024

Experts say that pepper imports into the US have increased sharply after two consecutive years of decline due to cooling inflation and loose monetary policy, leading to a recovery in demand. In addition, importers have also increased their stockpiles due to concerns about economic policies changing after the US presidential election.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (December 18, 2024) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-18122024-gia-tieu-ngay-mai-trong-nuoc-bien-dong-tang-364670.html