Forecast of domestic pepper price tomorrow April 24, 2025, slight increase

Forecast for domestic pepper price tomorrow, April 24, 2025, the market will be flat and increase slightly.

Today's pepper price was updated on the afternoon of April 23, 2025 as follows, the domestic pepper market remained stable compared to yesterday's trading session. Currently, the average pepper purchase price in key areas is 154,400 VND/kg.

Specifically, today's pepper price in Gia Lai province remained 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 continue to stabilize compared to the previous trading session, currently pepper is purchased at 154,000 VND/kg.

Pepper prices in Binh Phuoc are stable and have little fluctuation. Currently, the pepper purchasing 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 23, 2025

Experts say that this year pepper prices have remained high while the main harvest season is taking place in large numbers, which is rare in recent years.

The reasons supporting pepper prices may be due to limited supply, increased demand and prolonged dry weather in key growing areas such as the Central Highlands and the Southeast, raising concerns about the possibility of reduced productivity in the coming crop.

Pepper traders said that unlike previous years, when pepper prices often plummeted during the harvest period due to oversupply, this year farmers are hoarding their products and only selling when needed. They are not under great financial pressure, so they are able to keep prices stable, helping to reduce market fluctuations.

Farmers in Gia Lai province harvest pepper.

However, according to the Vietnam Pepper and Spice Association (VPSA), in the coming time, pepper prices will face challenges including high domestic prices pushing costs close to the ceiling, while the US tax policy can suddenly reverse, making signing long-term contracts potentially risky.

In the long term, experts believe that shifting to organic pepper products, with traceability and sustainability standards will be a vital strategy for the Vietnamese pepper industry to maintain market share and increase value in the global market.

According to VPSA data, Vietnam's pepper exports to the Chinese market in the first quarter increased by 87.8% over the same period last year, reaching 2,034 tons. However, compared to the same period in 2023, the import volume was still 92.2% lower.

Update world pepper prices on the afternoon of April 23, 2025

Forecast of world pepper price tomorrow April 24, 2025, the market continues to be 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 23, 2025 as follows: the pepper market remains stable and sideways compared to many previous sessions of increase and decrease.

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 24, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-2442025-tang-nhe-384536.html