Pepper price forecast tomorrow March 14, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 14.
Domestic pepper price forecast tomorrow March 14, 2025 maintains an increase.
Today's pepper price was updated on the afternoon of March 13, 2025 as follows: Domestic pepper prices maintained an increase compared to yesterday, an increase of 500 - 1,000 VND/kg. Currently, the average pepper purchase price in key areas is 160,200 VND/kg.
Specifically, today's pepper price in Gia Lai province continued to increase by 500 VND/kg compared to yesterday, currently the pepper purchase price in this locality is at 159,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau increased by 1,000 VND/kg compared to yesterday's trading session, currently pepper prices are purchased by traders at 160,000 VND/kg.
Pepper price in Binh Phuoc province increased by 1,000 VND compared to the previous trading session, currently pepper price is purchased at 160,000 VND/kg.
Pepper price in Dak Lak province continues to increase by 500 VND/kg, currently pepper price in this locality is at 161,000 VND/kg.
Pepper prices in Dak Nong province increased steadily, unchanged compared to yesterday. Currently, the local pepper purchase price is 161,000 VND/kg.
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| Domestic pepper prices updated on the afternoon of March 13, 2025 |
According to the Vietnam Pepper and Spice Association (VPSA), pepper prices are increasing compared to previous years, bringing benefits to growers. It is forecasted that the demand for pepper in the world will remain high, helping pepper prices maintain their upward momentum in the coming time.
Analysts say that unlike previous years, pepper hoarding is more common this year, making raw materials scarce even during the peak harvest season.
According to a recent report by Ptexim, although demand from markets remains sluggish, farmers and dealers are still holding onto their stocks instead of selling. The hoarding of pepper in anticipation of higher prices has led to a situation where pepper prices at the farm gate are sometimes higher than raw material prices at exporting producers. The current situation will make business more difficult if farmers continue to limit the sale of raw materials to the market.
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| Farmers in Gia Lai province harvest pepper. |
In Vietnam, although pepper prices have increased, they are still not attractive enough for farmers to expand their planting areas. The main reason is that other crops such as durian bring higher profits, making people less interested in expanding pepper cultivation.
Vietnam's pepper output is on a downward trend, from 192,000 tons in 2023 to 183,000 tons in 2024 and is expected to continue to decrease to 178,000 tons in 2025. In the context of domestic and global inventories nearing rock bottom, experts predict that pepper prices will continue to remain high. The US and China are still the two main consumption markets that Vietnam is focusing on exploiting.
According to data from Vietnam Customs, Vietnam's pepper exports in February reached 14,345 tons, worth 97.2 million USD, up 10.7% in volume and 11% in value compared to the previous month, and up 7.2% in volume and 79.1% in value compared to the same period last year.
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| Update world pepper prices on the afternoon of March 13, 2025 |
World pepper price forecast tomorrow March 14, 2025 remains stable, slightly increasing.
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 13, 2025 as follows: the market remained stable, unchanged compared to yesterday; however, pepper prices in Indonesia decreased slightly, down from 10 - 14 USD/ton.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,254 USD/ton (down 10 USD/ton); in contrast, Muntok white pepper is currently purchased at 10,237 USD/ton (down 14 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 9,800 USD/ton and the price of ASTA white pepper is at 12,300 USD/ton.
Pepper prices in Brazil have fluctuated little and are currently anchored at a fairly high level, with the current purchase price reaching 6,900 USD/ton.
Vietnam's pepper export market is stable and slightly decreasing. 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 14, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1432025-tang-nhe-378084.html
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