Forecast for domestic pepper price tomorrow, April 3, 2025, sideways

Forecast of domestic pepper price tomorrow, April 3, 2025, sideways.

Today's pepper price was updated on the afternoon of April 2, 2025 as follows: The domestic pepper market is stable, unchanged compared to yesterday's trading session. Currently, the average pepper purchase price in key areas is 157,400 VND/kg.

Specifically, today's pepper price in Gia Lai province remains stable compared to yesterday, currently the pepper purchase price in this locality is at 157,000 VND/kg. Similarly, pepper price in Ba Ria - Vung Tau is also purchased at 157,000 VND/kg.

Binh Phuoc pepper price tends to be stable compared to the previous trading session, currently pepper price in this locality is at 157,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong provinces are stable and at a high level. Currently, the pepper purchase price in these two localities is at 158,000 VND/kg.

Domestic pepper prices updated on the afternoon of April 2, 2025

According to experts, world pepper prices are currently under pressure from many factors, including a decline in production in major producing countries such as Vietnam, Indonesia and Brazil. This is mainly due to prolonged adverse weather, affecting the development of pepper plants.

Pepper consumption is growing rapidly in major markets such as the US and Europe, especially in the food and spice industry, putting further pressure on global supplies.

In addition, the strong USD is also a positive factor supporting pepper prices in the international market. However, production in countries such as Vietnam, Indonesia and Brazil is facing difficulties, leading to a decrease in output. It is forecasted that if supply does not improve, pepper prices may continue to remain high in the near future.

Farmers in Dak Nong province harvest pepper

The Vietnam Industry and Trade Information Center (VITIC) said that the harvest in key areas is taking place vigorously. However, this year's pepper yield has decreased by 20-30% compared to the previous crop due to the impact of the weather, especially during the flowering period when the plants encountered prolonged cold air.

Many farmers and traders are currently tending to hold onto their goods and not sell them in large quantities, which limits the amount of pepper in circulation. It is forecasted that exports in the first quarter of 2025 may reach the lowest level in the past six years, reaching only about 43,000 - 45,000 tons.

Update world pepper prices on the afternoon of April 2, 2025

World pepper price forecast tomorrow April 3, 2025 remains stable and increases slightly.

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 April 2, 2025 as follows: the pepper market is stable, anchored at a high level compared to the most recent trading session.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,239 USD/ton; similarly, Muntok white pepper is currently purchased at 10,066 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 price 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 (April 3, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-342025-di-ngang-381132.html