Forecast of domestic pepper price tomorrow March 13, 2025 continues to increase

Pepper price forecast tomorrow March 13, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 13.

Forecast of domestic pepper price tomorrow March 13, 2025 to return to the upward trend.

Today's pepper price was updated on the afternoon of March 12, 2025 as follows: Domestic pepper prices suddenly increased sharply compared to yesterday, an increase of 1,500 - 2,500 VND/kg. Currently, the average pepper purchase price in key areas is 159,600 VND/kg.

Specifically, today's pepper price in Gia Lai province suddenly increased again compared to yesterday, an increase of 1,500 VND/kg, currently the pepper purchase price in this locality is at 158,500 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau increased compared to yesterday, an increase of 2,000 VND/kg, currently pepper prices are purchased by traders at 159,000 VND/kg.

Pepper price in Binh Phuoc province increased by 2,000 VND compared to the previous trading session, currently pepper price is purchased at 159,000 VND/kg.

Pepper price in Dak Lak province continued to increase by 2,000 VND/kg compared to the previous slight decrease, currently pepper price in this locality is at 160,500 VND/kg.

Pepper prices in Dak Nong province increased the most, by 2,500 VND/kg. Currently, the pepper purchase price in this locality is the highest in the country, at 161,000 VND/kg.

Domestic pepper prices updated on the afternoon of March 12, 2025

According to the Vietnam Pepper and Spice Association (VPSA), in the short term, pepper prices are higher than in previous years, so gardeners benefit. It is forecasted that the demand for pepper in the world in the coming time will remain quite high, so pepper prices may continue to increase.

However, overall, pepper cultivation is still unstable. The main reason is that other crops such as durian are bringing higher profits, making many farmers still not interested in increasing pepper acreage.

Global pepper production is expected to continue to decline through 2025 due to reduced cultivation areas in Vietnam and adverse weather conditions in India, according to a Nedspice report. Demand remains higher than supply, but crops such as durian and coffee bring better returns, limiting Vietnamese farmers from expanding pepper acreage.

Farmers in Dak Nong province take care of pepper

Vietnam's pepper output in the 2024-2025 crop year is expected to reach 172,000 tons, down 2% year-on-year and down 47% year-on-year. In Brazil, pepper output in 2025 is estimated at 85,000-90,000 tons, of which Espírito Santo state will harvest about 20,000 tons. India is expected to see a 20-25% drop in output due to bad weather in Karnataka, which could increase import demand despite trade barriers.

Pepper prices are expected to rise sharply by the end of 2024 but are currently fluctuating within a narrow range. Vietnamese farmers benefit from high prices, reducing selling pressure. Exports to China in 2024 are expected to fall by more than 80%, and it is unclear when China will return to the market, but if they buy heavily, pepper prices could continue to rise.

Update world pepper prices on the afternoon of March 12, 2025

World pepper price forecast tomorrow March 13, 2025 will increase slightly.

According to forecasts, world pepper prices will increase slightly tomorrow and stay at a high level, 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 12, 2025 as follows: the market remained stable, unchanged compared to yesterday; however, pepper prices in Indonesia fluctuated between Lampung black pepper and Muntok white pepper.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,264 USD/ton (down 112 USD/ton); in contrast, Muntok white pepper is currently purchased at 10,251 USD/ton (up 9 USD/ton).

The Malaysian pepper market stabilized after the previous 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 increased slightly after a long period of stable prices, currently the purchase price reached 6,900 USD/ton.

Vietnam's pepper export market is stable and increasing slightly. 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.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (March 13, 2025) on Congthuong.vn.

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1332025-tiep-tuc-tang-377895.html