Pepper prices continue to remain stable at high levels.

Forecast of domestic pepper prices tomorrow.

According to forecasts, the price of pepper in Vietnam will remain stable at a high level tomorrow, December 12, 2024.

Today, December 11, 2024, domestic pepper prices remain stable at a high level with slight, uneven increases across localities; the average purchase price is 146,000 VND/kg. Specifically, the purchase price of pepper in Gia Lai province is 145,000 VND/kg (down 1,000 VND/kg) compared to the previous day.

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

Lush green pepper plantations in Duc Trong district, Lam Dong province.

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

In Ba Ria - Vung Tau province, to develop a clean and safe raw material area, many farmers and cooperatives in Chau Duc district have linked up to produce organic pepper, aiming for the export market.

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

Mr. Ngo Xuan Son further informed that, right from the early days of its establishment, the cooperative had demarcated nearly 50 hectares of adjacent land belonging to farmers in Xuan Son, Son Binh, and Suoi Rao communes to create a raw material area. Participating households had to comply with technical guidelines and strict supervision from the cooperative's environmental control board.

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

In addition, the National Agricultural Extension Center recently collaborated with the Department of Agriculture and Rural Development of Dak Nong province to organize the forum "Solutions for sustainable pepper cultivation to reduce greenhouse gas emissions in Dak Nong province".

Dak Nong currently has over 34,000 hectares of pepper plantations, with an average yield of about 2.4 tons/ha; the total annual production reaches approximately 70,000 tons/year.

Dak Nong pepper ranks first in the Central Highlands region and the whole country in terms of area; and second in the country (after Dak Lak) in terms of production. The largest pepper growing areas are concentrated in Dak Song, Dak R'lấp, and Dak Mil.

Dak Nong aims to maintain approximately 34,000 hectares of pepper plantations by 2025, with a production of about 73,000 tons per crop; and by 2030, the area will reach approximately 33,600 hectares, with a production of over 73,000 tons per crop. The province will establish and develop four high-tech, concentrated pepper production zones, totaling 3,049 hectares in key pepper-producing areas.

According to experts, the current price of pepper, at around 140,000 VND/kg, is one of the driving forces for people in localities to plant and replant pepper trees.

The forecast for world pepper prices tomorrow is that they will remain relatively stable at high levels, with insignificant increases or decreases.

According to the International Pepper Association (IPC), the latest update on world pepper prices shows mixed performance compared to the previous update, with Vietnam experiencing a slight increase and Indonesia a slight decrease.

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

Brazilian ASTA 570 black pepper prices remained stable at US$6,275/ton; Malaysian ASTA black pepper prices were at US$8,200/ton, and Malaysian ASTA white pepper prices reached US$10,400/ton.

Specifically, the price of Vietnamese black pepper remained stable and increased slightly to US$6,300/ton for the 500 g/l variety, while the 550 g/l variety remained at US$6,600/ton; the price of white pepper remained unchanged at US$9,400/ton.

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

World pepper prices are forecast to remain relatively stable and at a high level tomorrow, December 12, 2024.

Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-12122024-gia-tieu-tiep-tuc-on-dinh-o-muc-cao-363666.html