Pepper prices continue to stabilize at high levels

Forecast of domestic pepper prices tomorrow

According to forecast, tomorrow's pepper price, December 12, 2024, domestic pepper price continues to stabilize at a high level.

Pepper price today, December 11, 2024, domestic pepper price is stable at a high level and increases slightly unevenly among localities; the average purchase price is 146,000 VND/kg. Specifically, the pepper purchase price in Gia Lai province is 145,000 VND/kg (down 1,000 VND/kg) compared to the previous day.

Similarly, pepper price on December 11 in Binh Phuoc province was at 145,000 VND/kg; pepper price in Ba Ria - Vung Tau was at 146,000 VND/kg; pepper price in Dak Lak was at 147,000 VND/kg; pepper price in Dak Nong was the highest at 147,200 VND/kg.

Dự báo giá tiêu ngày mai 12/12/2024: Giá tiêu tiếp tục ổn định ở mức cao

Green pepper fields in Duc Trong district, Lam Dong province

According to the Vietnam Pepper and Spice Association (VPSA), many farmers are now cultivating organically, using clean and safe ingredients.

In Ba Ria - Vung Tau province, to develop clean and safe raw material areas, many farming households and cooperatives in Chau Duc district have linked up to produce organic pepper, targeting the export market.

Mr. Ngo Xuan Son - Chairman of the Board of Directors and Director of the Comprehensive Rich Organic Cooperative shared that the majority of members of the cooperative are farmers who have been growing pepper for many years. Thanks to the propaganda and mobilization of the District Farmers' Association, 7 farmer households in the district, Dong Nai province and Ho Chi Minh City have joined forces to produce organic pepper, with the desire to increase product value and move towards sustainable production.

Mr. Ngo Xuan Son added that since its inception, the cooperative has zoned off nearly 50 hectares of adjacent farming households in Xuan Son, Son Binh and Suoi Rao communes to form a raw material area. Participating households must comply with technical instructions and strict supervision by the cooperative's environmental control board.

Domestic pepper prices updated on the morning of December 11, 2024

In addition, recently, the National Agricultural Extension Center in collaboration with the Department of Agriculture and Rural Development of Dak Nong province organized the Forum "Sustainable pepper cultivation solutions to reduce greenhouse gas emissions in Dak Nong province".

Dak Nong currently has more than 34,000 hectares of pepper, with an average yield of about 2.4 tons/ha; total annual output reaches about 70,000 tons/year.

Dak Nong pepper ranks first in the Central Highlands and the whole country in terms of area; ranks second in the country (after Dak Lak) in terms of output. Pepper acreage is most concentrated in Dak Song, Dak R'lap, Dak Mil.

Dak Nong aims to maintain about 34,000 hectares of pepper by 2025, with an output of about 73,000 tons/crop; by 2030, the area will reach about 33,600 hectares, with an output of over 73,000 tons/crop. The province will establish and develop 4 high-tech pepper production areas, concentrated production areas, with a total area of 3,049 hectares in key pepper production areas.

According to experts, the current pepper price of around 140,000 VND/kg is one of the motivations for local people to plant and replant pepper trees.

World pepper prices are forecast to fluctuate little tomorrow and remain high, with insignificant increases and decreases.

Update on world pepper prices from the International Pepper Community (IPC), at the end of the most recent trading session, the market increased and decreased mixedly compared to the previous update, in which the Vietnamese market increased slightly, the Indonesian market decreased slightly.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,841 USD/ton, a slight decrease, similar to the price of Muntok white pepper at 9,141 USD/ton.

The price of Brazilian ASTA 570 black pepper was stable at 6,275 USD/ton; the price of Malaysian ASTA black pepper was at 8,200 USD/ton, and the price of this country's ASTA white pepper reached 10,400 USD/ton.

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

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (December 12, 2024) on Congthuong.vn.