Forecast of domestic pepper price tomorrow 3/21/2025 to maintain increase

Pepper price forecast tomorrow March 21, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 21.

Domestic pepper price forecast tomorrow March 21, 2025 continues to increase slightly.

Today's pepper price was updated on the afternoon of March 20, 2025 as follows: The market is stable, anchored at a high level and slightly increased, in which pepper prices in Ba Ria - Vung Tau and Binh Phuoc provinces increased by 500 VND/kg compared to yesterday. Currently, the average pepper purchase price in key areas is 159,800 VND/kg.

Specifically, today's pepper price in Gia Lai province is stable compared to yesterday, currently the pepper purchase price in this locality is at 159,500 VND/kg.

Pepper price in Ba Ria - Vung Tau fluctuated slightly compared to yesterday, an increase of 500 VND/kg, currently pepper price is purchased at 159,500 VND/kg.

Similarly, Binh Phuoc pepper price increased by 500 VND/kg compared to yesterday, currently the local pepper price is at 159,500 VND/kg.

Pepper prices in Dak Lak province are stable, with little fluctuation compared to the previous trading session. Currently, the pepper purchase price is at 160,000 VND/kg.

Pepper prices in Dak Nong province are stable. Currently, the pepper purchase price in this locality is the highest in the country at 160,500 VND/kg.

Domestic pepper prices updated on the afternoon of March 20, 2025

Experts predict that in the short term, domestic pepper prices may continue to decrease slightly due to pressure from increased local supply during the harvest season.

In the international market, pepper prices are expected to maintain an upward trend due to high demand and limited supply.

According to the general assessment, global pepper output this year is forecast to decrease due to dry weather in major pepper growing areas. Major importing countries such as the US and Europe continue to increase orders, especially in the context of strong consumer demand after the pandemic. The stable USD after the Fed's decision to keep interest rates unchanged has created favorable conditions for export activities, but other economic factors still put pressure on pepper prices.

Farmers in Dak Nong province harvest pepper

According to the latest report from Ptexim, in the week ending March 16, consumption demand improved from major markets such as the EU, the US and some Asian countries. However, farmers and traders continued to stockpile goods, selling very little after the harvest season.

Exporters and traders are actively building up stocks in anticipation of future price increases, despite challenges due to financial and storage constraints.

According to the Vietnam Pepper and Spice Association (VPSA), in the first 15 days of March, Vietnam exported 7,139 tons of pepper, with a total export turnover of 49.1 million USD. The US, India and Germany were the three largest export markets of Vietnam in the first half of March, reaching 1,268 tons, 649 tons and 638 tons, respectively.

On the other hand, in the first 15 days of March, Vietnam imported 1,731 tons of pepper, worth 10.3 million USD. Of which, pepper was mainly imported from Brazil, accounting for 67.4%, reaching 1,167 tons, followed by Indonesia, accounting for 22.9%, reaching 397 tons.

Update world pepper prices on the afternoon of March 20, 2025

World pepper price forecast tomorrow March 21, 2025 remains stable and increases slightly.

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 Association (IPC) on the afternoon of March 20, 2025 as follows: the market fluctuates in different directions between countries. In particular, pepper prices in Indonesia continue to decrease, on the contrary, after many days of "standing still", Vietnam's pepper export prices have increased again, an increase of 100 USD/ton.

Specifically, IPC listed the price of Indonesian Lampung black pepper continuing to decrease slightly compared to yesterday's trading session, currently at 7,255 USD/ton; the price of Muntok white pepper decreased similarly, currently being purchased at 10,190 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 again. Specifically, the export price of Vietnam's black pepper is currently at 7,100 USD/ton for 500 g/l; 550 g/l is at 7,300 USD/ton and the price of white pepper is at 10,100 USD/ton.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (March 21, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-2132025-duy-tri-tang-379187.html