Forecast of domestic pepper price tomorrow 3/22/2025 will remain unchanged

Pepper price forecast tomorrow March 22, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 22.

Domestic pepper price forecast tomorrow, March 22, 2025 will be flat and decrease slightly.

Today's pepper price was updated on the afternoon of March 21, 2025 as follows: The pepper market fluctuated slightly, down 500 VND/kg compared to yesterday, however, in some localities, pepper prices remained stable and remained high. Currently, the average pepper purchase price in key areas is 159,500 VND/kg.

Specifically, today's pepper price in Gia Lai province decreased slightly, down 500 VND/kg compared to yesterday, currently the pepper purchase price in this locality is at 159,000 VND/kg.

Similarly, pepper price in Ba Ria - Vung Tau decreased by 500 VND/kg, currently pepper is purchased at 159,000 VND/kg.

After a slight increase in the previous session, pepper prices in Binh Phuoc have decreased by 500 VND/kg, currently the local pepper price is at 159,000 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 21, 2025

According to experts, 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.

The Vietnam Pepper and Spice Association said that pepper consumption demand has improved from major markets such as the EU, the US and some Asian countries. However, farmers and traders continue to stockpile goods and sell them in small quantities 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.

Farmers in Dak Nong province dry pepper after harvest.

According to the latest report from Ptexim, consumption demand has shown signs of strong improvement from major markets such as the EU, the US and some Asian countries. However, farmers and traders still maintain the habit of hoarding goods, causing the amount of pepper released to the market to be quite small after the harvest season.

The current financial situation is quite difficult with limited access to capital, increasing the cost of buying and selling. High interest rates affect profits, and cash flow is also constrained during the seasons, especially during peak purchasing periods.

In terms of demand, the Chinese market is showing signs of being quite cautious in purchasing, which is putting pressure on pepper prices. In addition, the hesitation in purchasing from major markets along with increasingly fierce competition among Vietnamese pepper exporters has made the situation even more tense.

Update world pepper prices on the afternoon of March 21, 2025

World pepper price forecast tomorrow March 21, 2025 maintains upward momentum.

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 21, 2025 as follows: the market is bustling, pepper prices fluctuate and increase. In particular, pepper prices in Indonesia increased again after the previous price decrease; pepper prices in Brazil increased by 100 USD/ton after many previous "quiet" sessions; pepper prices in Malaysia also tended to increase, increasing by 100 USD/ton, pepper markets in other countries are holding at high levels.

Specifically, IPC listed the price of Indonesian Lampung black pepper increasing again after the previous price decrease, currently at 7,276 USD/ton; similarly, the price of Muntok white pepper increased by 29 USD/ton, currently being purchased at 10,219 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 9,900 USD/ton and the price of ASTA white pepper is at 12,400 USD/ton.

Pepper prices in Brazil, after many "quiet" and sideways sessions, suddenly increased again, by 100 USD/ton, and currently the purchase price has reached 7,000 USD/ton.

Vietnam's pepper export market is stable and increasing slightly. Specifically, the export price of Vietnam's black pepper is currently at 7,100 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 22, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-2232025-di-ngang-379370.html