Forecast of domestic pepper price tomorrow, April 17, 2025, slight increase

Forecast for domestic pepper price tomorrow, April 17, 2025, continues to increase slightly.

Today's pepper price was updated on the afternoon of April 16, 2025 as follows: The domestic pepper market maintained an upward trend compared to yesterday, an increase of 1,000 - 1,500 VND/kg. Currently, the average pepper purchase price in key areas is 157,700 VND/kg.

Specifically, today's pepper price in Gia Lai province maintained an upward trend compared to yesterday, an increase of 1,000 VND/kg, currently the pepper purchase price in this locality is at 156,500 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau also increased, increasing by 1,000 VND/kg compared to yesterday, currently pepper is purchased at 157,000 VND/kg.

Pepper prices in Binh Phuoc also fluctuated the highest, increasing by 1,500 VND/kg compared to yesterday's trading session, currently the pepper price is purchased at 157,000 VND/kg.

Dak Nong pepper price also increased, increased by 1,000 VND/kg compared to yesterday, currently the pepper purchase price in this locality is at 159,000 VND/kg.

Pepper prices in Dak Lak continue to increase, up 1,000 VND/kg compared to yesterday. Currently, the pepper purchasing price in this locality is the highest in the country at 159,000 VND/kg.

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

Experts say that domestic pepper prices are recovering strongly after a period of stagnation due to concerns that the US will impose high reciprocal tariffs on Vietnamese goods, including pepper.

The tax deferral not only helps ease the waiting mentality but also allows businesses to import goods before the risk of increased costs returns after the extension period. This has contributed to creating momentum for pepper prices to recover quickly in recent days.

In the country, many farmers did not sell pepper immediately after harvesting but kept it because they had previously made good profits from durian and coffee. The stockpiling of goods after the harvest has caused a shortage of raw pepper supply in the market. In addition, information that this year's pepper output is lower than last year's also contributed to the price increase, with the expectation that it will soon reach 160,000 VND/kg.

Farmers in Dak Nong province harvest pepper

According to the Vietnam Pepper and Spices Association (VPSA), in 2024, Vietnam's pepper exports to the US reached 72,311 tons, recording a record increase of 33.2%; the total turnover reached 409 million USD, equivalent to 31% of Vietnam's total pepper export turnover to all markets. However, the Donald Trump administration's application of a 10% import tax on all goods imported into the US has created great concern for Vietnamese pepper exporting enterprises.

In the first months of 2025, many Vietnamese pepper enterprises signed many long-term orders with US importers, including orders with delivery dates until August and September this year. Previously, pepper exports to the US were almost tax-free, but currently, many shipments are being transported to the US; these shipments were signed for prices before there was information about the imposition of taxes.

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

World pepper price forecast tomorrow April 17, 2025 will increase slightly.

According to forecast, world pepper prices tomorrow will be stable, slightly increasing, but there will still be slight fluctuations between countries.

Update on world pepper prices from the International Pepper Association (IPC) on the afternoon of April 16, 2025 as follows: pepper markets increased - decreased sharply between countries. In particular, Vietnam's pepper export market increased, the increase was from 100 - 200 USD/ton. In contrast, Indonesian pepper prices continued to decrease slightly compared to the previous trading session, the decrease was 17 - 24 USD/ton; markets in other countries remained stable.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,064 USD/ton; similarly, Muntok white pepper is currently purchased at 9,651 USD/ton.

The Malaysian pepper market is stable, unchanged from yesterday's sharp decline. Currently, the price of Malaysian ASTA black pepper is purchased at 9,600 USD/ton and the price of ASTA white pepper is at 12,100 USD/ton.

Pepper prices in Brazil remain stable, currently purchasing price reaches 6,850 USD/ton.

The Vietnamese pepper market has unexpectedly increased, increasing by 100 - 200 USD/ton compared to the previous trading session. Currently, the export price of Vietnamese black pepper is at 6,800 USD/ton for 500 g/l; 550 g/l is at 6,900 USD/ton and the price of white pepper is at 9,800 USD/ton.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (April 17, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1742025-da-tang-nhe-383344.html