Forecast of domestic pepper price tomorrow April 23, 2025, little fluctuation

Forecast for domestic pepper price tomorrow, April 23, 2025, the market is sideways and has little fluctuation.

Today's pepper price was updated on the afternoon of April 22, 2025 as follows: The domestic pepper market is stable compared to yesterday's trading session, except for pepper prices in Ba Ria - Vung Tau , which decreased slightly by 500 VND/kg. Currently, the average pepper purchase price in key areas is 154,400 VND/kg.

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

Pepper prices in Ba Ria - Vung Tau continued to decrease slightly compared to the previous trading session, down 500 VND/kg, currently pepper is purchased at 154,000 VND/kg.

Pepper prices in Binh Phuoc are also stable, currently the pepper purchase price in this locality is also at 154,000 VND/kg.

Dak Nong and Dak Lak pepper prices are stable compared to yesterday. Currently, the pepper purchase price in these two localities is at 155,000 VND/kg.

Domestic pepper prices updated on the afternoon of April 22, 2025

Pepper traders predict that in the coming time, pepper prices will remain high and may increase slightly due to reduced supply and strong demand both domestically and for export.

Vietnam Pepper and Spice Association (VPSA) informed that Vietnam pepper output this year may continue to decrease. Prolonged drought in the first months of 2025 has significantly affected pepper production in the Central Highlands and Southeast provinces.

Despite the decrease in output, pepper growers are excited because prices are still high. Currently, Vietnam's pepper harvest is at its peak and is expected to last until the end of April 2025. In previous years, at the time of pepper harvest, pepper prices often decreased due to abundant supply. But this year, despite being in harvest time, domestic pepper prices are always around 150,000 VND/kg because farmers are selling sparingly because they are not under financial pressure.

Farmers in Dak Nong province harvest pepper

According to the latest information, Ms. Hoang Thi Lien - President of the Vietnam Pepper and Spice Association, while some US importers are ready to pay an additional 10% import tax on goods from all countries, some other importers are still hesitant and not ready to pay this additional tax on Vietnamese pepper shipments.

According to Ms. Lien, if after 90 days of suspension, the US still maintains the reciprocal tax rate with Vietnam, Vietnamese pepper will be at a great disadvantage compared to pepper from Brazil, India, Indonesia, etc., in the US market, because these countries are subject to much lower reciprocal taxes, or even no reciprocal taxes like Brazil.

Update world pepper prices on the afternoon of April 22, 2025

Forecast of world pepper price tomorrow April 23, 2025, the market is sideways.

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 22, 2025 as follows: the pepper market remained stable and sideways compared to many previous sessions of fluctuations.

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 23, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-2342025-it-bien-dong-384324.html