Forecast of domestic pepper price tomorrow April 11, 2025, upward trend

Forecast of domestic pepper price tomorrow April 11, 2025, price trend will increase again.

Today's pepper price was updated on the afternoon of April 10, 2025 as follows: The domestic pepper market suddenly increased again, an increase of 1,000 - 2,000 VND/kg compared to yesterday's trading session. Currently, the average pepper purchase price in key areas is 149,200 VND/kg.

Specifically, today's pepper price in Gia Lai province suddenly increased again compared to yesterday, an increase of 1,000 VND/kg, currently the pepper purchase price in this locality is at 148,000 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau also increased compared to the previous trading session, an increase of 1,000 VND/kg, currently pepper is purchased at 149,000 VND/kg.

Pepper prices in Binh Phuoc also increased again, currently the pepper price is purchased at 149,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong have increased quite a bit, with 2,000 VND/kg compared to yesterday. Currently, the pepper purchase price in these two localities is at the same level of 150,000 VND/kg.

Domestic pepper prices updated on the afternoon of April 10, 2025

Experts say that in the coming time, pepper prices may be more stable if supply improves and tariff issues are resolved. However, if the situation does not improve, pepper prices may continue to fall.

Regarding the postponement of reciprocal tax, the representative of the Vietnam Pepper and Spices Association (VPSA) said that the US's 90-day postponement of reciprocal tax is good news for the industry, so pepper prices will certainly increase again after falling by about 10,000 VND/kg in just one week.

According to VPSA, the signed contracts to the US are being re-promoted. The parties will temporarily finalize the price during the 90-day delay. Vietnamese pepper will be subject to an additional 10% tax, but all sources of supply will have the same tax rate, so it will not affect competition.

Farmers in Gia Lai province harvest pepper.

However, some pepper export orders have been temporarily suspended by US partners and they are waiting for more information on tax policies. This situation has directly affected domestic production activities. Exporting enterprises are at risk of temporary liquidity loss, high inventory levels, and stagnant raw material purchases, causing pepper prices to continuously decrease in recent days.

In the world market, the prices of Indonesian black pepper and Muntok white pepper have decreased slightly, indicating that the supply and demand situation in the global market is adjusting. In particular, the price of Vietnamese pepper has decreased sharply, with a decrease of up to 500 USD/ton for exported black pepper. This shows that pressure from supply and trade and political factors are strongly affecting prices.

Update world pepper prices on the afternoon of April 10, 2025

World pepper price forecast tomorrow April 11, 2025 slightly decreased.

According to forecast, world pepper prices will decrease slightly tomorrow, however there will still be slight fluctuations between countries.

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of April 10, 2025 as follows: the pepper market continued to fluctuate downward. In which, pepper prices in Indonesia continued to decrease slightly compared to yesterday's trading session; pepper prices in Vietnam, after many days of stability, plummeted; markets in other countries remained stable.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,078 USD/ton; similarly, Muntok white pepper is currently purchased at 9,710 USD/ton.

The Malaysian pepper market remained stable compared to the most recent trading session. Currently, the price of Malaysian ASTA black pepper is purchased at 9,850 USD/ton and the price of ASTA white pepper is at 12,300 USD/ton.

Pepper prices in Brazil have stabilized after previous declines, with the current purchase price reaching $6,800/ton.

Vietnam's pepper export market has been "shaken" and plummeted, down by 500 USD/ton. Specifically, the export price of Vietnamese black pepper is currently at 6,600 USD/ton for 500 g/l; 550 g/l is at 6,800 USD/ton and white pepper is at 9,600 USD/ton.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (April 11, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1142025-xu-huong-tang-382359.html