Pepper price forecast tomorrow March 11, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 11.
Domestic pepper price forecast tomorrow, March 11, 2025 will continue to decrease slightly, but still remain at a fairly high level.
Today's pepper price was updated on the afternoon of March 10, 2025 as follows: Domestic pepper prices suddenly turned around and dropped sharply, down from 2,000 - 2,700 VND/kg compared to the most recent trading session. Currently, the average pepper purchase price in key areas is 157,900 VND/kg.
Specifically, today's pepper price in Gia Lai province turned to decrease sharply, down 2,000 VND/kg, currently the pepper purchase price in this locality is at 157,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc also decreased by 2,000 VND/kg, currently the pepper purchasing price in these two localities is at 157,000 VND/kg.
Pepper prices in Dak Lak province also followed the downward trend, down 2,000 VND/kg compared to the most recent trading session, currently pepper prices in this locality are at 159,000 VND/kg.
Pepper prices in Dak Nong province have decreased the most, by 2,700 VND/kg, currently the pepper price is purchased at 159,300 VND/kg.
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| Domestic pepper prices updated on the afternoon of March 10, 2025 |
Many experts believe that limited supply due to adverse weather, reduced inventories and changes in farming models in major producing countries have contributed to the increase in pepper prices. However, on the first day of the week (March 10, 2025), pepper prices suddenly turned around and dropped sharply, averaging a sharp decrease of VND 2,100/kg. Currently, the purchase price fluctuates between VND 157,000 - 159,300/kg. The average pepper purchase price nationwide is at VND 157,900/kg. It is forecasted that the decrease in pepper prices is only temporary and short-term.
According to the Vietnam Pepper and Spice Association (VPSA), the demand for spices in the world is increasing strongly, especially in the US. The retail value of spices in this country increased from 5 billion USD before the pandemic to 7 billion USD in the past year. This trend is driven by the need to cook at home and the popularity of Asian and Mexican cuisine.
Vietnam continues to maintain its position in the pepper and spice industry thanks to proactive market research and investment in processing technology. Currently, Vietnamese spice products are present in many major markets such as India, Europe and the US. In particular, Vietnamese pepper plays an important role in Chinese restaurants, where spiciness is an indispensable element.
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| Farmers in Dak Nong province dry pepper after harvest. |
The Vietnamese pepper market in early 2025 is witnessing many fluctuations as farmers continue to limit sales, expecting prices to increase. Although harvesting activities are taking place strongly in key growing areas, most of the output is still retained instead of being brought to the market, reducing transaction volume.
Currently, pepper inventories in Vietnam and the world have nearly hit rock bottom, so in 2025, experts predict that pepper prices will remain high and gradually increase. The two main consumption markets in the world are still the US and China, which are also the two markets that Vietnamese pepper focuses on exploiting.
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| Update world pepper prices today March 10, 2025 |
World pepper price forecast tomorrow March 11, 2025 will increase slightly.
According to forecasts, world pepper prices will increase slightly tomorrow and stay at a high level, but there will still be slight fluctuations between countries.
Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of March 10, 2025 as follows: the market fluctuated little, remained unchanged compared to yesterday and remained at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,376 USD/ton; Muntok white pepper is currently purchased at 10,242 USD/ton.
The Malaysian pepper market stabilized after the previous price increase, currently the price of Malaysian ASTA black pepper is purchased at 9,800 USD/ton and the price of ASTA white pepper is at 12,300 USD/ton.
Pepper prices in Brazil remain stable and sideways, currently the purchase price reaches 6,850 USD/ton.
Vietnam's pepper export market is stable and increasing slightly. Specifically, the export price of Vietnam's black pepper is currently at 7,000 USD/ton for 500 g/l; 550 g/l is at 7,200 USD/ton and the price of white pepper is at 10,000 USD/ton.
*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (March 11, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1132025-tiep-da-giam-377581.html
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