Forecast of domestic pepper price tomorrow 3/15/2025 increasing trend

Pepper price forecast tomorrow March 15, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 15.

Forecast of domestic pepper price tomorrow March 15, 2025 to maintain the upward trend.

Today's pepper price was updated on the afternoon of March 14, 2025 as follows: Domestic pepper prices remained stable, of which pepper prices in Gia Lai increased slightly, an increase of 500 VND/kg. Currently, the average pepper purchase price in key areas is 160,300 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 159,500 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc remained stable compared to yesterday's trading session. Currently, pepper prices are being purchased by traders at 160,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong provinces remained stable compared to yesterday and remained high. Currently, pepper prices in these two localities are purchased by traders at 161,000 VND/kg.

Domestic pepper prices updated on the afternoon of March 14, 2025

It is forecasted that the world's demand for pepper will remain high, pushing pepper prices to maintain their upward momentum in the coming time.

According to the Vietnam Pepper and Spice Association (VPSA), pepper prices are higher than in previous years, benefiting garden owners. However, this year many farmers have made big profits from durian and coffee, leading to pepper hoarding, making raw materials scarce even during the peak harvest season. Processors are forced to use their inventories to ensure timely delivery of signed export orders.

Many people hoard pepper waiting for prices to increase, leading to a situation where pepper prices at the farm gate are sometimes higher than raw material prices at export producers. The current situation will make business more difficult if farmers continue to limit the sale of raw materials to the market.

Farmers in Dak Nong province harvest pepper

According to statistics, Vietnam currently has more than 110,000 hectares of pepper cultivation, with an average yield of 26 quintals/ha, twice as high as the global average. The Ministry of Agriculture and Environment has developed and approved the Project on developing key industrial crops, in which the pepper industry is expected to maintain an area of ​​about 80,000 - 100,000 hectares by 2030, with an output ranging from 200,000 - 300,000 tons.

The goal set for 2030 is that about 40% of pepper growing area in our country will meet GAP standards, 40 - 50% of the area will be granted growing area codes with product traceability.

In the first two months of the year, Vietnam's pepper exports were estimated at 27,274 tons, worth 184.4 million USD, down 11.6% in volume but up 48.5% in value over the same period.

Update world pepper prices on the afternoon of March 14, 2025

World pepper price forecast tomorrow March 15, 2025 is less volatile and anchored at a high level.

According to forecasts, world pepper prices tomorrow will be stable and anchored at a high level, however there will still be slight fluctuations between countries.

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of March 14, 2025 as follows: the market remained stable, unchanged compared to yesterday; however, pepper prices in Indonesia increased slightly compared to the previous trading session, an increase of 11 USD/ton.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,265 USD/ton (down 10 USD/ton); Muntok white pepper is currently purchased at 10,237 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 15, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1532025-da-tang-378294.html