Continue to increase by 2,000 VND/kg?

Forecast of domestic pepper prices tomorrow

According to forecasts, tomorrow, November 30, 2024, domestic pepper prices will continue to increase strongly, with many localities increasing by 2,000 VND/kg, exceeding the price of 145,000 VND/kg.

Pepper price today November 29, 2024, domestic pepper price continues to increase compared to yesterday November 28, 2024; some provinces increased by 1,500 VND/kg.

Specifically, Gia Lai and Binh Phuoc provinces both increased by 1,000 VND/kg; Dak Nong increased by 1,300 VND/kg; and Ba Ria - Vung Tau and Dak Lak provinces increased by 1,500 VND/kg.

Pepper price forecast tomorrow, November 30, 2024, continues to increase sharply by another 2,000 VND/kg. Photo: Hoang Thien

Accordingly, the pepper price today, November 29, 2024, Ba Ria - Vung Tau province is the locality with the lowest price, at 141,500 VND/kg; followed by Binh Phuoc at 142,000 VND/kg; Gia Lai 142,500 VND/kg; Dak Lak and Dak Nong both at 143,500 VND/kg.

The average pepper price today, November 29, 2024, is at 142,600 VND/kg, a sharp increase of 1,300 VND/kg compared to yesterday, November 28, 2024.

Forecast of world pepper prices tomorrow

Update on world pepper prices from the International Pepper Association (IPC), at the end of the most recent trading session, the market was basically stable compared to the previous update, except for the Indonesian and Brazilian markets which increased slightly.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,624 USD/ton, up 0.42%; the price of Muntok white pepper at 9,131 USD/ton, up 0.33%. The price of Brazilian ASTA 570 black pepper also increased by 1.63%, at 6,000 USD/ton. The price of Malaysian ASTA black pepper was at 8,400 USD/ton; the price of this country's ASTA white pepper was at 10,500 USD/ton.

Of which, the price of Vietnamese black pepper is stable at 6,200 USD/ton for 500 g/l, 550 g/l remains at 6,500 USD/ton; the price of white pepper is at 9,400 USD/ton, unchanged.

According to forecast, world pepper price tomorrow November 30, 2024, pepper price will remain stable, if there is any increase/decrease, it will not be significant.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (November 30, 2024) on Congthuong.vn.