Pepper price forecast tomorrow March 19, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 19.
Domestic pepper prices are forecasted to increase slightly tomorrow, March 19, 2025, and continue to stay high.
Today's pepper price was updated on the afternoon of March 18, 2025 as follows: Domestic pepper prices maintained an upward trend compared to yesterday's trading session, an increase of 1,000 - 2,000 VND/kg. Currently, the average pepper purchase price in key areas is 159,900 VND/kg.
Specifically, today's pepper price in Gia Lai province increased by 1,500 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 continued to increase compared to yesterday, an increase of 1,000 VND/kg, currently the pepper price is purchased at 159,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong provinces continued to increase by 1,000 VND/kg compared to yesterday's trading session. Currently, the pepper purchasing price of traders in these two localities is at 161,000 VND/kg.
Pepper prices in Binh Phuoc province increased again after yesterday's decrease, increasing by 2,000 VND/kg, currently pepper prices in this locality only reach 159,000 VND/kg.
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| Domestic pepper prices updated on the afternoon of March 18, 2025 |
Limited supply, increased production costs, adverse weather, and market fluctuations are factors supporting pepper prices in the short term.
Experts say that prolonged drought in major pepper growing areas such as the Central Highlands and the Southeast is negatively affecting this year's crop output. In addition, the price of fertilizers and other agricultural materials has increased sharply in recent times, causing farmers' profits to shrink. Trade protection policies in the US and Europe may cause difficulties for Vietnamese pepper exporting enterprises.
Exporters are expected to increase purchases to meet orders to Europe and the US, which will create momentum for pepper prices to increase in the short term. In the international market, pepper prices are expected to remain stable or increase slightly due to limited supply and high demand in major markets.
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| Farmers in Dak Nong province take care of pepper |
Experts say that the optimistic signals from the beginning of 2025 have led to a forecast of a prosperous year for the pepper industry. As global pepper production is likely to continue to decline, while consumption demand remains stable.
According to the Vietnam Industry and Trade Information Center (VITIC), India continues to be one of the world's largest pepper exporters. Major pepper producing countries such as Vietnam, Indonesia and Brazil are facing adverse weather conditions, reducing global pepper output.
Meanwhile, major markets such as the US, Europe and the Middle East continue to increase pepper imports to meet consumer and food processing needs. Global pepper consumption continues to increase strongly, bringing great opportunities for Vietnamese pepper exporters.
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| Update world pepper prices on the afternoon of March 18, 2025 |
World pepper price forecast tomorrow March 19, 2025 remains stable.
According to forecast, world pepper prices will increase slightly tomorrow, 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 18, 2025 as follows: the market is bustling again compared to yesterday's trading session, in which pepper prices in Indonesia increased slightly again, increasing from 31 - 56 USD/ton; pepper prices in other countries are anchored at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper to increase slightly again after many flat sessions, currently at 7,321 USD/ton; the price of Muntok white pepper is currently purchased at 10,238 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 increasing slightly. 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 19, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1932025-tang-nhe-378805.html
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