Forecast of domestic pepper price tomorrow April 22, 2025, market decrease

Forecast for domestic pepper price tomorrow, April 22, 2025, the market will decrease slightly.

Today's pepper price was updated on the afternoon of April 21, 2025 as follows: The domestic pepper market turned down compared to yesterday's trading session, down 500 - 1,000 VND/kg. Currently, the average pepper purchase price in key areas is 154,500 VND/kg.

Specifically, today's pepper price in Gia Lai province decreased by 1,000 VND/kg compared to yesterday's trading session, currently the pepper purchasing price in this locality is at 154,000 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau decreased slightly, down 500 VND/kg compared to the previous trading session, currently pepper is purchased at 154,500 VND/kg.

Pepper prices in Binh Phuoc have the same downward trend compared to the previous trading session, down 1,000 VND/kg, currently the pepper purchasing price in this locality is also at 154,000 VND/kg.

Dak Nong and Dak Lak pepper prices also decreased by VND 1,000/kg compared to the previous trading session. Currently, pepper purchasing price in these two localities is at VND 155,000/kg.

Domestic pepper prices updated on the afternoon of April 21, 2025

According to statistics, the pepper market last week recorded slight fluctuations both domestically and internationally. Vietnam's pepper export prices increased from 1.47 - 3.03%, while some markets such as Indonesia, Brazil and Malaysia adjusted down by up to 2.54%.

Experts say that the high price of pepper is due to strong domestic and export demand. Accordingly, demand from Vietnam's large and traditional markets is remaining high, becoming the main driving force for domestic pepper prices. According to industry associations, in the first half of April 2025 alone, many Vietnamese enterprises signed a series of export contracts at attractive prices, contributing to pushing domestic pepper prices to a new level.

The Vietnam Pepper and Spice Association (VPSA) informed that Vietnam has committed to reducing tariffs on US goods to 0% and expects to be treated accordingly. However, the outcome of the negotiations depends on many political and commercial factors.

Farmers in Gia Lai province dry pepper after harvest.

Experts are concerned that if no agreement is reached, Vietnam will lose its competitive advantage over countries with lower tax rates such as Brazil (10%), Indonesia (32%) or Malaysia (24%). However, this does not mean that the market share in the US will be gone, and the pepper industry can still maintain a certain proportion in this market. However, maintaining a market share of more than 20% in the US will be difficult if the official tax rate is 46%.

According to VPSA, the high export price of pepper is a good sign, helping businesses have more resources to invest in improving quality and diversifying product lines. Accordingly, shifting to organic products, with traceability and meeting sustainability standards is a mandatory trend if Vietnam wants to maintain its market share and increase long-term value. Only then can Vietnam maintain its position on the global trade map.

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

Forecast of world pepper price tomorrow April 22, 2025, the market remains stable.

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

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of April 21, 2025 as follows: the pepper market is stable and sideways compared to many previous up and down sessions.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,056 USD/ton; similarly, Muntok white pepper is currently purchased at 9,641 USD/ton.

The Malaysian pepper market is stable and sideways. 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 remained unchanged compared to yesterday's increase, currently at $6,900/ton.

The Vietnamese pepper market is flat and stable compared to the previous high 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 22, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-2242025-thi-truong-giam-384163.html