Pepper price forecast tomorrow March 3, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 3.
Domestic pepper price forecast tomorrow March 3, 2025 will maintain its upward momentum and continue to stay at a high level.
Today's pepper price was updated on the afternoon of March 2, 2025 as follows: Domestic pepper prices increased again after the previous decrease, an increase of 1,000 - 2,000 VND/kg. Currently, the average pepper purchase price in key areas is 158,000 VND/kg.
Specifically, pepper prices today in Gia Lai province turned to increase again, an increase of 1,000 VND/kg compared to the previous trading session, currently the pepper purchasing price in this locality is at 157,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau province also increased by 1,000 VND/kg. Currently, traders are purchasing pepper at 157,000 VND/kg.
Pepper prices in Binh Phuoc province have increased by 2,000 VND/kg, currently the pepper price is purchased by traders at 158,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong provinces also increased by VND 1,000/kg, and the current pepper purchase price in these two localities is VND 159,000/kg.
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| Domestic pepper price updated on March 2, 2025 |
According to records, pepper prices today, March 2, domestically increased by 1,000 - 2,000 VND/kg compared to the previous trading session, fluctuating around 157,000 - 159,000 VND/kg. However, in general, pepper prices in key pepper production areas still decreased by 2,000 VND/kg to 3,000 VND/kg last week.
Thus, pepper prices have turned down after 3 consecutive weeks of increase after the Lunar New Year holiday. The reason is believed to be due to the supply from the new crop starting to enter the market.
According to the latest data from the General Department of Customs, January 2025 recorded remarkable fluctuations in Vietnam's pepper export activities. Although the export volume decreased, the export turnover grew impressively, reflecting a large change in the value of this item in the international market.
Specifically, in January 2025, Vietnam exported 12,958 tons of pepper, bringing in 87 million USD. Compared to the same period last year, the export volume decreased by 25.9%, but the turnover increased by 25.1%. This shows that the average export price of pepper has increased sharply, reaching 6,755 USD/ton, up 68% compared to the same period in 2024.
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| Farmers in Dak Nong province harvest pepper |
Vietnam's pepper industry is facing a great opportunity to break through and set a new record for export value in 2025. According to the forecast of the Vietnam Pepper and Spice Association (VPSA), global pepper output continues to decline while consumption demand remains stable, creating favorable conditions for Vietnam's pepper exports.
With the current pepper export price increasing by 68% compared to the same period last year, VPSA believes that pepper exports will be very favorable in 2025. The association predicts that this year's pepper export value could reach a record 1.5 billion USD.
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| Update world pepper prices today March 2, 2025 |
World pepper price forecast tomorrow 3/3/2025
According to forecasts, world pepper prices tomorrow will remain stable, anchored 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 2, 2025 as follows: the pepper market remains stable and anchored at a high level compared to the previous session's fluctuations.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,235 USD/ton; Muntok white pepper is currently purchased at 9,959 USD/ton.
After a strong increase, the Malaysian pepper market has remained at a high level. Currently, the price of Malaysian ASTA black pepper is purchased at 9,700 USD/ton and the price of ASTA white pepper is at 12,200 USD/ton.
Pepper prices in Brazil, after a slight increase in the previous session, also tended to stabilize, with the current purchase price reaching 6,850 USD/ton.
Vietnam's pepper export market is stable and slightly decreasing. Specifically, the export price of Vietnam's black pepper is currently at 6,900 USD/ton for 500 g/l; 550 g/l is at 7,100 USD/ton; and the price of white pepper is at 9,900 USD/ton.
*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (March 3, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-332025-tiep-da-tang-376388.html
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