Forecast of domestic pepper price tomorrow, March 27, 2025, to continue to increase

Forecast of domestic pepper price tomorrow, March 27, 2025, continues to increase.

Today's pepper price was updated on the afternoon of March 26, 2025 as follows: The pepper market suddenly increased again, an increase of 3,000 VND/kg in all localities. Currently, the average pepper purchase price in key areas is 159,400 VND/kg.

Specifically, today's pepper price in Gia Lai province suddenly increased again, an increase of 3,000 VND/kg, the current pepper purchase price in this locality is 159,000 VND/kg. Similarly, pepper price in Ba Ria - Vung Tau fluctuated and increased, the current pepper purchase price is 159,000 VND/kg.

After the previous decrease, pepper prices in Binh Phuoc have increased again. Currently, pepper prices in this locality are at 159,000 VND/kg.

Pepper prices in Dak Lak province are on the rise again, currently the purchase price is at 160,000 VND/kg.

Pepper prices in Dak Nong province have increased again, by 3,000 VND/kg, currently the local pepper purchase price is at 160,000 VND/kg.

Domestic pepper prices updated on the afternoon of March 26, 2025

Experts say that pepper prices will fluctuate greatly in the coming time. Although the new crop has reached the market with increasing volume, farmers' psychology of hoarding this year has led to them limiting sales. In the long term, the upward trend can still occur when consumption demand remains high and there is an expectation that China will soon increase imports again.

Domestic pepper prices continue to increase, currently fluctuating around 159,000 - 160,000 VND/kg, up more than 68% over the same period last year, reflecting a shortage of supply. Although the harvest is entering its peak in Dak Nong and Dak Lak, farmers' mentality of holding on to their goods still dominates the market, causing pepper sales to be small.

Farmers in Dak Nong province harvest pepper

According to the General Department of Customs, in the first 15 days of March, Vietnam exported 8,596 tons of pepper, reaching a turnover of 59.8 million USD, down 26.3% in volume but up 18.8% in value compared to the same period in 2024. Accumulated to mid-March, the total export volume reached 35,802 tons, down 15.8%, but the value increased sharply by 39.7%, reflecting the upward price trend due to tight supply.

The reason for the limited supply is not only due to the reduced output due to the impact of the weather, but also because farmers are not under financial pressure thanks to income from other crops such as durian, coffee and avocado. Meanwhile, businesses and traders, although wanting to buy, face high bank interest rates, limited storage space and seasonal cash flow pressure.

Although the market may fluctuate in the short term due to the harvest season, the long-term outlook for pepper prices remains positive thanks to increased demand from the EU, the US and Asia. China is expected to soon boost imports, supporting pepper prices to maintain their upward momentum.

Update world pepper prices on the afternoon of March 26, 2025

World pepper price forecast tomorrow March 27, 2025 is stable and slightly increased.

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

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of March 26, 2025 as follows: the pepper market is stable, with little fluctuation compared to yesterday's trading session.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,241 USD/ton; similarly, Muntok white pepper is currently purchased at 10,069 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 are currently stable after the previous increase and are anchored at a high level, currently purchasing prices reaching 7,000 USD/ton.

Vietnam's pepper export market is stable and remains high. 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 27, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-2732025-tiep-da-tang-380073.html