Pepper price forecast tomorrow March 2, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 2.
Domestic pepper prices are forecasted to increase again tomorrow, March 2, 2025, after many previous sessions of fluctuations.
Today's pepper price was updated on the afternoon of March 1, 2025 as follows: Domestic pepper prices increased again after the previous decrease, an increase of 1,000 - 2,000 VND/kg. Currently, the average pepper purchase price in key areas is 158,000 VND/kg.
Specifically, pepper prices in Gia Lai province today increased again, an increase of 1,000 VND/kg compared to the previous trading session, currently the pepper purchasing price in this locality is at 157,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau province also increased by 1,000 VND/kg. Currently, traders are purchasing pepper at 157,000 VND/kg.
Pepper prices in Binh Phuoc province have increased by 2,000 VND/kg, currently the pepper price is purchased by traders at 158,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong provinces also increased by 1,000 VND/kg, and the current pepper purchase price in these two localities is 159,000 VND/kg.
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| Domestic pepper price updated on March 2, 2025 |
According to the Vietnam Pepper and Spice Association (VPSA), key pepper growing areas across the country have entered the 2025 harvest season, but progress has been slow due to weather impacts. The peak harvest is expected to be in late March or early April 2025. Meanwhile, import demand from the US, EU and China remains quite sluggish, partly due to the exhausted supply from the previous crop and the arrival of the new crop later than expected.
Experts predict that in the second quarter of 2025, China may increase purchases when Vietnam enters its main harvest season, helping domestic pepper prices recover. Conversely, the US may adjust its import pace due to large inventories remaining from 2024.
Although the market is in the adjustment phase, pepper export prices tend to increase, bringing a positive signal to farmers. However, the stockpiling strategy needs to be carefully calculated to limit risks from global market fluctuations.
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| Farmers in Dak Nong province take care of their pepper gardens. |
According to the Import-Export Department (Ministry of Industry and Trade), pepper prices have increased since the beginning of the year in most major export markets, of which, the export price of white pepper from Indonesia increased the most, up 12.8%, the export price of black pepper from this market also increased by 6.9%; the export price of pepper from Brazil increased by 7.5%; the export price of black pepper and white pepper from Malaysia increased by 5.9% and 8.4% respectively.
According to preliminary statistics from the General Department of Customs, in January 2025, Vietnam mainly exported black pepper, accounting for 58.9% of the total volume and 57.1% of the total turnover; followed by ground black pepper, accounting for 19.9% of the total volume and 21.65% of the total turnover.
Overall, pepper prices continue to trend up, and this is a sign that prices will remain high this year.
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| Update world pepper prices today March 1, 2025 |
World pepper price forecast tomorrow 3/2/2025
According to forecasts, world pepper prices tomorrow will remain stable, anchored at a high level, but there will still be slight fluctuations between countries.
Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of March 1, 2025 as follows: the pepper market is bustling, with sharp increases and decreases in prices between countries. In particular, pepper prices in Malaysia suddenly increased, by 200 USD/ton; on the contrary, pepper prices in Indonesia decreased for the second consecutive session, by 63-88 USD/ton; markets in other countries are stable and anchored at high levels.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,235 USD/ton (down 63 USD/ton); Muntok white pepper is currently purchased at 9,959 USD/ton (down 88 USD/ton).
The Malaysian pepper market suddenly turned around and increased sharply, after previous flat sessions, the current price of Malaysian ASTA black pepper is purchased at 9,700 USD/ton (up 200 USD/ton) and the price of ASTA white pepper is at 12,200 USD/ton (up 200 USD/ton).
Pepper prices in Brazil, after a slight increase in the previous session, also tend to stabilize, with the current purchase price reaching 6,850 USD/ton.
Vietnam's pepper export market is stable and slightly decreasing. Specifically, the export price of Vietnam's black pepper is currently at 6,900 USD/ton for 500 g/l; 550 g/l is at 7,100 USD/ton; the price of white pepper is at 9,900 USD/ton.
*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (March 2, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-232025-tang-tro-lai-376286.html
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