Domestic pepper price forecast tomorrow March 9, 2025 to decrease slightly

Pepper price forecast tomorrow March 9, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 9.

Domestic pepper price forecast tomorrow March 9, 2025 is stable, slightly decreased and maintained at a high level.

Today's pepper price was updated on the afternoon of March 8, 2025 as follows: Domestic pepper prices are stable at a high level and slightly decreased compared to yesterday. Currently, the average pepper purchase price in key areas is 160,000 VND/kg.

Specifically, today's pepper price in Gia Lai province is stable, unchanged compared to yesterday, currently the pepper purchase price in this locality is at 159,000 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau fluctuated little, currently pepper prices are purchased by traders at 159,000 VND/kg.

Pepper prices in Binh Phuoc province are stable and remain stable, currently the pepper price is purchased at 159,000 VND.

Pepper prices in Dak Lak province decreased slightly, after the previous increase, a decrease of 500 VND/kg, currently pepper prices in this locality are at 161,000 VND/kg.

Pepper prices in Dak Nong province remained stable compared to yesterday and remained the highest in the country, currently purchased at 162,000 VND/kg.

Domestic pepper price updated on March 8, 2025

Experts predict that if international demand does not increase, pepper prices may face downward pressure. However, in the long term, the global spice market is expected to grow by 5.2% per year. Vietnam is promoting deep processing to increase export value, but still faces many challenges related to climate, disease and logistics costs.

According to the Vietnam Pepper and Spice Association (VPSA), as of the end of February 2025, Vietnam exported 27,416 tons of pepper, reaching a turnover of 184.9 million USD. Although output decreased by 11.9% compared to the same period last year, turnover still increased by 48.1% thanks to the export price of black pepper reaching 6,648 USD/ton and white pepper reaching 8,501 USD/ton.

Although the planting area is only 15% of coffee and 12% of rubber, pepper still contributes 23% of coffee export turnover and 38% of rubber, showing great potential if there is a suitable development strategy.

Farmers in Gia Lai province harvest pepper.

Regarding the consumption market, in the first two months of 2025, the US continued to be the largest export market for Vietnamese pepper, reaching 5,890 tons, down 32.7% over the same period in 2024 and accounting for 21.5% of the market share. Next was Germany with 1,815 tons, up 4.4% and accounting for 6.6%; India: 1,716 tons, down 20.9% and accounting for 6.4%; in particular, the Chinese market reached 1,523 tons, up 86.6% and accounting for 5.6%; the UAE also increased by 21.9%, reaching 1,480 tons.

In contrast, in February 2025, Vietnam imported 2,929 tons of pepper, of which black pepper reached 1,716 tons and white pepper reached 1,213 tons, with a total import turnover of 15.9 million USD. Compared to the previous month, the import volume increased by 61.2%.

Leading exporters include: Nedspice Vietnam: 2,948 tons, down 17.1%; Olam Vietnam: 2,926 tons, down 9.4% and Phuc Sinh: 2,115 tons, up 21.3%; Simexco Dak Lak: 1,698 tons, up 59.9%; DK Commodity: 1,296 tons, up 44.6%.

Update world pepper prices today March 8, 2025

World pepper price forecast tomorrow March 9, 2025 remains stable.

According to forecasts, world pepper prices tomorrow will maintain an increase and stay at a high level, however there will still be slight fluctuations between countries.

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of March 8, 2025 as follows: the market fluctuated little, anchored at a high level; only the Indonesian market decreased slightly.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,376 USD/ton (down 9 USD/ton); Muntok white pepper is currently purchased at 10,242 USD/ton (down 13 USD/ton).

The Malaysian pepper market is stable after yesterday's price increase. Currently, the price of Malaysian ASTA black pepper is purchased at 9,800 USD/ton and the price of ASTA white pepper is at 12,300 USD/ton.

Pepper prices in Brazil remain stable and sideways, currently the purchase price reaches 6,850 USD/ton.

Vietnam's pepper export market is stable after yesterday's strong increase. Specifically, the export price of Vietnam's black pepper is currently at 7,000 USD/ton for 500 g/l; 550 g/l is at 7,200 USD/ton and the price of white pepper is at 10,000 USD/ton (up 100 USD/ton).

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (March 9, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-932025-giam-nhe-377341.html