Pepper price forecast tomorrow March 1, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 1.
Domestic pepper price forecast tomorrow March 1, 2025 will be flat, with little price fluctuation and stability.
Today's pepper price was updated on the afternoon of February 28, 2025 as follows: Domestic pepper price decreased slightly compared to the previous trading session, a decrease of 1,000 VND/kg in all localities. Currently, the average pepper purchase price in key areas is 156,800 VND/kg.
Specifically, today's pepper price in Gia Lai province decreased by 1,000 VND/kg compared to the previous trading session, currently the pepper purchasing price in this locality is at 156,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc provinces also decreased by VND1,000/kg. Currently, traders are purchasing pepper in these two localities at VND156,000/kg.
Pepper prices in Dak Lak and Dak Nong provinces fluctuated downward, the corresponding decrease was 1,000 VND/kg and the current pepper purchase price in these two localities is 158,000 VND/kg.
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| Domestic pepper price updated on February 28, 2025 |
The Vietnam Pepper and Spice Association (VPSA) estimates that US pepper demand in 2024 is expected to increase by only 5%. However, due to concerns about high prices, importers have increased purchases for storage, causing actual purchases to increase by 30-40%. As a result, farmers and pepper storage units have the opportunity to sell at high prices right from the beginning of the season and earn good profits.
Meanwhile, many export businesses encountered difficulties due to early sales under long-term contracts with American customers. When the time came for delivery, pepper prices increased sharply, causing them to suffer heavy losses.
This is an important lesson in market assessment, especially when the US market tends to sign long-term purchase contracts, while Vietnamese businesses often sell first and then buy goods for later delivery. This shows the need for supply chain integration and more accurate price forecasting.
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| Farmers in Dak Nong province harvest pepper |
Currently, the key pepper growing areas have begun harvesting, but the progress is slower than previous years due to the impact of the weather. The 2025 pepper crop is expected to last longer, with the peak harvest in late March or early April 2025. Meanwhile, consumption demand in the US, EU and China is still quite slow, as the supply from the old harvest is almost exhausted and the new crop arrives later than expected.
Forecasting for 2025, China is expected to increase pepper purchases as soon as Vietnam enters its main harvest in 2025. Meanwhile, the US may buy more slowly due to remaining inventory from 2024. In addition, Vietnamese pepper will also face competitive pressure from other producing countries.
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| Update world pepper prices today February 28, 2025 |
Forecast of world pepper price tomorrow 3/1/2025
According to forecasts, world pepper prices will remain stable tomorrow, but there will still be slight fluctuations between countries.
Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of February 28, 2025 as follows: the pepper market in Indonesia continued to decrease slightly, the decrease was from 20 - 27 USD/ton, other countries were stable and anchored at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper as continuing to decrease slightly, currently at 7,298 USD/ton (down 20 USD/ton); Muntok white pepper is currently purchased at 10,047 USD/ton (down 27 USD/ton).
The Malaysian pepper market tends to be stable and sideways, currently the price of Malaysian ASTA black pepper is purchased at 9,500 USD/ton and the price of ASTA white pepper is at 12,000 USD/ton.
Pepper prices in Brazil stabilized after a slight increase in the previous session, with pepper currently being purchased at $6,850/ton.
The export market of Vietnamese pepper remains stable and slightly increased compared to the previous trading session. Specifically, the export price of Vietnamese black pepper is currently at 6,900 USD/ton (up 400 USD/ton) for the 500 g/l type; the 550 g/l type is at 7,100 USD/ton (up 450 USD/ton); the price of white pepper is at 9,900 USD/ton (up 350 USD/ton).
*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (March 1, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-132025-di-ngang-376123.html
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