Pepper price forecast for tomorrow December 26, 2024

 

Domestic pepper prices will remain stable tomorrow.

Industry and Trade Newspaper

December 25, 2024

Pepper price forecast for tomorrow December 26, 2024, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price on December 26.

Guess domestic pepper price tomorrow, domestic pepper price tomorrow December 26, 2024 continues to remain stable and sideways. In addition, there will be slight market fluctuations in some countries due to supply fluctuations.

Today's pepper price was updated on the afternoon of December 25, 2024 as follows, domestic pepper price today after many sessions of decrease has remained stable and is anchored at a fairly high level. Currently, the average pepper purchase price in localities is 144,600 VND/kg.

Specifically, pepper prices today are at Gia Lai and province Binh Phuoc purchased at 144.000 VND/kg; Ba Ria - Vung Tau province is 145.000 VND; similar to pepper price in Dak Lak also purchased 145.000 VND/kg and pepper price in the province Dak Nong is 145.000 VND.

omestic pepper price updated on December 25, 2024

According to the Vietnam Pepper and Spice Association (VPSA), the pepper and spice industry is facing challenges from unpredictable weather conditions that increase investment costs and disease prevention. In addition, many farmers are switching to more profitable crops such as durian and coffee, reducing the pepper growing area and affecting total output.

The 2025 pepper crop in Vietnam will be harvested 1-2 months later than previous years due to the impact of prolonged drought, making pepper supply increasingly difficult.

Realizing the above situation, import markets have increased their purchases. Up to now, most of them have enough goods until the first quarter of next year. This has led to the current market being quite gloomy, low demand at the end of the year has prevented pepper prices from breaking out.

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

Domestic pepper prices have recently witnessed significant fluctuations, causing a lot of disruption for farmers and businesses. The main reason is due to fluctuations in supply and demand in the domestic and international markets, along with other objective factors such as weather, policies and consumer demand.

According to experts' predictions, the amount of pepper in the population is almost gone, only remaining in agents and warehouses of enterprises. Forecasts in the next 3-5 years, global pepper production will still not be enough to meet consumer demand, showing that pepper has entered a new price increase cycle.

Currently, Vietnam is one of the three largest spice producing and exporting countries. world with output accounting for more than 11% of the world's spice export market share. According to statistics, there are currently 35 pepper processing factories meeting ISO, HACCP, BRC, ESA, ASTA standards... with a processing capacity of about 140 thousand tons/year.

Update world pepper price today December 25, 2024

Guess world pepper price tomorrow December 26, 2024. According to the prediction, world pepper price tomorrow is likely to fluctuate slightly down.

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of December 25 as follows: After many sessions of strong increases, the pepper market has stabilized and decreased slightly. In particular, after a strong increase, Indonesian pepper prices have turned to decrease slightly, with 5 USD/ton; pepper prices in Malaysia and Brazil continue to remain stable.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,835 USD/ton (down 5 USD/ton) compared to the previous trading session; the price of Muntok white pepper reached 8,945 USD/ton (down 5 USD/ton).

The price of Brazilian ASTA 570 black pepper continues to remain stable, currently at 6.275 USD/ton; the price of Malaysian ASTA black pepper is at 8.400 USD/ton, and the price of ASTA white pepper is at 10.600 USD/ton.

The export price of Vietnamese black pepper is stable and slightly decreased, currently reaching 6.400 USD/ton for 500 g/l and 550 USD/ton for 6.700 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 tomorrow morning (December 26, 2024) on Congthuong.vn.

Sources: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-26122024-gia-tieu-trong-nuoc-ngay-mai-di-ngang-366143.html