Forecast of domestic pepper price tomorrow April 5, 2025, sharp decrease

Forecast of domestic pepper price tomorrow April 5, 2025, decreased sharply.

Today's pepper price was updated on the afternoon of April 4, 2025 as follows: The domestic pepper market suddenly reversed and plummeted compared to yesterday's trading session, down from 6,000 - 6,500 VND/kg. Currently, the average pepper purchase price in key areas is 151,300 VND/kg.

Specifically, today's pepper price in Gia Lai province plummeted compared to yesterday's trading session, down 6,500 VND/kg, currently the pepper purchase price in this locality is at 150,500 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau have decreased sharply compared to yesterday, down 6,000 VND/kg, currently pepper is purchased at 151,000 VND/kg.

Pepper price in Dak Lak also decreased by 6,000 VND/kg, currently pepper is purchased at 152,000 VND/kg.

Binh Phuoc pepper price has decreased sharply, by 6,000 VND/kg, currently the pepper purchase price in this locality is 151,000 VND/kg.

Pepper prices in Dak Nong also fluctuated sharply, down 6,000 VND/kg, currently pepper is purchased at 152,000 VND/kg.

Domestic pepper prices updated on the afternoon of April 4, 2025

The pepper market is reacting quickly to the US imposing tariffs on other countries, including a reciprocal tax rate of up to 46% on Vietnam. After the tax announcement, the domestic pepper market, after many days of stability, reversed and plummeted.

Regarding the US imposing a 46% reciprocal tax on Vietnam, in the recent meeting, the Prime Minister requested ministries and branches to have effective solutions to all developments, overcome external shocks as they have done in recent years in the context of the pandemic, conflicts in many places around the world, and supply chain disruptions.

The Prime Minister requested the immediate establishment of a rapid response team on this issue headed by Deputy Prime Minister Bui Thanh Son; assigned Deputy Prime Minister Ho Duc Phoc to chair and direct ministries and branches to listen to opinions from businesses, including large export enterprises.

After the US announced the reciprocal tax rate for Vietnam on April 2, many businesses felt "shocked" by the above tax rate.

Farmers in Dak Nong province harvest pepper

Experts say that if production in major producing countries such as Vietnam, Indonesia and Brazil does not recover soon, global pepper prices may continue to remain high. Demand for pepper in the food and spice industry is increasing, which may lead to a supply shortage in the near future.

According to records, the pepper harvest has passed the halfway point. Many farmers are still hoarding their products waiting for higher prices, leading to a sluggish pepper market. According to records, pepper productivity this crop year has decreased sharply by 20% to 30% compared to the previous crop due to unfavorable weather.

According to statistics, in 2024, the US is Vietnam's largest pepper export market with a volume of 73,710 tons worth 407.6 million USD....

Update world pepper prices on the afternoon of April 4, 2025

World pepper price forecast tomorrow April 5, 2025 continues to decrease.

According to forecasts, world pepper prices will decrease tomorrow, however there will still be slight fluctuations between countries.

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of April 4, 2025 as follows: the pepper market tends to decrease, in which pepper prices in Malaysia have decreased from 50 - 100 USD/ton; markets in other countries remain stable, anchored at a high level.

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 tends to decrease again after many sessions of little fluctuation, a decrease of 50 - 100 USD/ton. Currently, the price of Malaysian ASTA black pepper is purchased at 9,850 USD/ton and the price of ASTA white pepper is at 12,300 USD/ton.

Pepper prices in Brazil have slightly decreased after a long period of stability, down 50 USD/ton, currently the purchase price is 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 5, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-542025-giam-manh-381502.html