Devine domestic pepper prices Tomorrow. DIt is expected that tomorrow, December 15, 12, domestic pepper prices will continue a new cycle of rise.
Today’s pepper prices are updated on December 14, 12 as follows, domestic pepper prices rose sharply again, an increase of 2024 to 200 thousand VND/kg compared to the previous session and according to the locality. Currently, the average purchase price in localities is 145.800 VND/kg.
Concretely, the price of pepper purchased in Gia Lai province at 145,000 VND/kg (increased by 1,000 VND/kg); Likewise, the provincial prices of Binh Phuoc pepper purchased at a price of 146,000 VND/kg (an increase of 146,000 VND/kg); The price of Ba Ria – Vung Tau pepper is 100,000 VND/kg (increased by 10,000 VND/kg); price of Ắk Lắk pepper stable at 146.000 VND/kg and price of pepper in k Nong increased by 200 VND/kg to 146.200 VND/kg.
| Farmer from Duc Trong district, Lam Dong takes care of his pepper garden |
According to experts, pepper prices have now gone through a downward cycle and are entering an upward cycle due to the reduction in supply. Increased demand for the festive season and news of reduced exports to Vietnam are also factors driving the market. Additionally, rising transportation costs and a slowing dollar have contributed to rising pepper prices.
However, because the pressure to purchase goods at the beginning of the season is not great, farmers should not be too eager to sell pepper early, and especially should not borrow capital to store pepper in order to avoid risks due to market fluctuations.
According to the opinion, the scarcity of supply due to the lowest level of inventories over the last 6-8 years has created great motivation to push up prices. Additionally, export demand from major markets such as the US and EU remains high, further supporting the market.
 |
| National pepper price updated on December 14, 12 |
According to experts, in recent months, Vietnamese pepper exports will face difficulties because domestic supply is not large and Chinese demand is still weak. However, it is expected that by early 2025, pepper exports will be more favorable when demand from China could increase sharply.
According to the Vietnam Pepper and Spice Association (VPSA), in the first 11 months of 2024, Vietnam exported 235,335 tons of pepper of all kinds with a total turnover of 3,5 billion dollars, a drop of $46.9 billion in volume but up. to 2023% turnover compared to the same period in 2023.
The United States still holds its position as the largest consumption market for Vietnamese pepper, with exports reaching 67.802 tons, an increase of 41.1% compared to the same period last year. Other markets such as UAE, Germany, Netherlands, Korea, Pakistan, Canada, Russia and the United Kingdom also recorded impressive growth. In particular, exports to Hong Kong (China) increased dramatically, reaching 129,83.6 tonnes compared to only 9,661 tonnes the previous year. However, exports to the Chinese market fell sharply by 100%, reaching 100,000 tonnes.
World Pepper Price Forecast Tomorrow. Global pepper prices are expected to be stable tomorrow, but there will still be market fluctuations between rises and falls between countries.
The global pepper prices updated by the International Pepper Association (IPC) as of 4:30 a.m. on December 13 are as follows: The end of the trading session in the global pepper market continues; Domestic export prices of black coffee increased insignificantly.
Specifically, the CPI reported the price of Indonesia’s Lampung black pepper at USD 6,822/ton; The price of Muntok white pepper is USD 5,000/ton.
Likewise, the price of Brazilian black pepper ASTA 570 is currently 6.250 USD/ton. Pepper prices in Malaysia remained stable compared to the previous trading session; The price of ASTA black pepper from Malaysia is 10.400 USD/ton, that of ASTA white pepper is 10.400 USD/ton.
In particular, the export price of Vietnamese black pepper remained stable and increased slightly to 6.300 USD/ton with the 500 g/l type, the 550 g/l type remained at 6.600 USD/ton; The price of white pepper stood at USD 1,000/tonne, unchanged.
 |
| Update global pepper prices today 14 November 12 |
U.S. pepper imports rose sharply again after two consecutive years of decline due to slowing inflation and easing monetary policy, leading to a recovery in demand. Additionally, importers have also increased stock replenishment due to fears of a change in economic policy after the US presidential election.
*The above pepper price forecast is for reference only, the actual price will be officially available tomorrow morning (December 15, 12) on Congthuong.vn.
