Forecast for domestic pepper price tomorrow, March 17, 2025 to increase again?

Pepper price forecast tomorrow March 17, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 17.

Domestic pepper price forecast tomorrow, March 17, 2025 remains stable, anchored at a high level and slightly increasing.

Today's pepper price was updated on the afternoon of March 16, 2025 as follows: Domestic pepper prices are stable and unchanged compared to yesterday's trading session. However, after many sessions of price reduction, pepper prices have "slipped" below 160,000 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 purchase 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.

Domestic pepper prices updated on the afternoon of March 16, 2025

Factors such as reduced supply, low inventory while demand is increasing... are the reasons why pepper prices are forecast to increase slightly tomorrow and continue to stay high.

As of the afternoon of March 16, domestic pepper prices were stable, fluctuating between 158,000 - 159,000 VND/kg. At the end of the week, domestic pepper prices decreased by 1,000 - 3,000 VND/kg compared to the closing price of the previous week.

The Vietnam Pepper and Spice Association said that global consumption demand remains stable, especially in the US and Europe. With low inventories and reduced output, pepper prices are forecast to remain high in the coming time.

According to experts, although there is a decrease of 1,000 - 3,000 VND/kg compared to the closing price of last week, with the current pepper price, farmers not only have high income but also have the motivation to invest and take better care of their pepper gardens, contributing to improving economic efficiency and stabilizing life.

Farmers in Gia Lai province dry pepper after harvest.

High pepper prices also encourage farmers to stockpile products, helping to reduce selling pressure during the harvest season.

Agricultural experts recommend that farmers should not spontaneously expand their planting areas to avoid falling into a situation of oversupply as in previous years. Instead, sustainable farming is an important solution, in which applying organic models and reducing the use of pesticides will help improve product quality and stabilize the market.

According to data from the General Department of Customs, Vietnam is the main pepper supplier to the US, reaching 75,602 tons, accounting for 77.2% and increasing by 41.8% compared to the previous year. Next are the countries: India: 7,750 tons, accounting for 7.9% of the market share; Indonesia: 7,708 tons, accounting for 7.9% of the market share; Brazil: 3,704 tons, accounting for 3.8% of the market share.

Update world pepper prices on the afternoon of March 16, 2025

World pepper price forecast tomorrow March 17, 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 16, 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 17, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1732025-tang-tro-lai-378516.html