Pepper price forecast tomorrow March 16, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 16.
Domestic pepper prices are forecasted to remain stable tomorrow, March 16, 2025; all localities have prices below 160,000 VND/kg.
Today's pepper price was updated on the afternoon of March 15, 2025 as follows: Domestic pepper prices turned to decrease sharply compared to yesterday, a decrease of 1,500 - 2,000 VND/kg. Currently, the average pepper purchase price in key areas is 158,400 VND/kg.
Specifically, today's pepper price in Gia Lai province decreased by 1,500 VND/kg compared to yesterday, currently the pepper purchasing price in this locality is at 158,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc also decreased by 2,000 VND/kg compared to yesterday, currently pepper prices are purchased by traders at 158,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong provinces also decreased sharply compared to the previous trading session. Currently, pepper prices in these two localities are purchased by traders at 159,000 VND/kg.
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| Domestic pepper prices updated on the afternoon of March 15, 2025 |
Currently, the weather in the Central Highlands is dry and sunny, which is favorable for farmers to harvest the main pepper crop. According to the general assessment, this year's crop has produced a lot of pepper and achieved high productivity. In addition, the high price has made pepper farmers excited, their income is more stable, thereby making them more impartial in caring for and planting new pepper.
However, with the sharp increase in pepper prices, agricultural experts also advise people not to massively expand the planting area, avoiding the situation of spontaneous planting leading to oversupply as before. Instead, focus on sustainable farming. Farmers need to switch to organic farming models, reduce the use of pesticides to improve product quality.
Vietnam currently has more than 110,000 hectares of pepper growing area, with an average yield of 26 quintals/ha, double the global average. However, pepper output in the 2024-2025 crop year is forecast to reach only about 172,000 tons, down 2% compared to the previous year and down sharply by 47% compared to the 2018-2019 crop year, due to the shrinking pepper growing area and increasingly fierce competition from Brazil, Indonesia, and India. Globally, pepper output in 2025 is also at risk of decline due to unfavorable weather in India.
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| Farmers in Dak Nong province harvest pepper |
According to experts, the fact that many people are hoarding pepper waiting for prices to increase has led to a situation where pepper prices at the farm 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.
According to the Vietnam Pepper and Spice Association (VPSA), pepper prices are currently high thanks to stable demand from the US and European markets, bringing significant profits to pepper growers. However, during this year's peak harvest season, many farmers tend to hoard pepper in anticipation of higher prices, causing raw materials to become scarce. This forces processing enterprises to use their inventories to fulfill signed export contracts, putting great pressure on business operations, especially when pepper prices at the farm gate sometimes exceed raw material prices at exporters.
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| Update world pepper prices on the afternoon of March 15, 2025 |
World pepper price forecast tomorrow March 16, 2025 is little changed, sideways.
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 15, 2025 as follows: the market remained stable, sideways compared to the previous trading session.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,265 USD/ton; Muntok white pepper is currently purchased at 10,252 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 16, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1632025-di-ngang-378412.html
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