Pepper price forecast tomorrow 5/23/2025: maintain stable momentum

Forecast for domestic pepper prices tomorrow, May 23, 2025, the domestic market will fluctuate little, remain stable and continue to anchor at a high level.

Today's pepper price was updated on the afternoon of May 22, 2025 as follows: The domestic market has not shown any price fluctuations and continues to be stable at a high level. Currently, the average pepper purchase price in key areas is 151,200 VND/kg.

Specifically, today's pepper price in Gia Lai province remained stable compared to yesterday's slight decrease, currently the pepper purchase price in this locality is at 150,000 VND/kg.

Pepper prices in Ba Ria - Vung Tau and Binh Phuoc fluctuated little, with a stable trend compared to yesterday. Currently, pepper prices purchased by traders in the two localities are 151,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong remained unchanged compared to yesterday's slight decrease. Currently, traders are purchasing pepper in these two localities at 152,000 VND/kg.

Domestic pepper prices updated on the afternoon of May 22, 2025

Recorded on May 22, the domestic pepper market remained stable compared to the previous slight decrease in some localities, fluctuating at 150,000 - 152,000 VND/kg.

According to experts, in the short term, the domestic pepper market tends to be stable or may increase slightly by 200-500 VND/kg in some key areas such as Dak Nong and Gia Lai, thanks to stable export demand and limited supply. However, at this time, the domestic pepper market still has no clear momentum for price increases due to slow consumption and the wait-and-see mentality of traders.

According to the Vietnam Pepper and Spice Association (VPSA), domestic pepper prices have not shown any clear signs of increasing due to falling consumption and traders’ anticipation. Meanwhile, a report from Ptexim said that Vietnamese pepper prices fell last week due to low demand in markets such as China and the US. However, positive signals are emerging from the European market, as demand shows signs of improvement.

Farmers in Dak Nong province harvest pepper

Despite the recent increase in pepper prices, farmers are reluctant to expand their cultivation areas. Current prices are not attractive enough to attract investment, forcing many to switch to growing higher-value crops such as durian and avocado. In addition, limited land is also a major factor hindering the expansion of pepper cultivation.

The Import-Export Department (Ministry of Industry and Trade) said that world pepper prices remain high due to tight supply after harvest and expectations of increased demand from the Middle East and Europe in the second quarter of 2025.

Update world pepper prices on the afternoon of May 22, 2025

Forecast of world pepper price tomorrow, May 23, 2025, the market will increase slightly.

According to the forecast of world pepper price tomorrow, the market is stable and slightly increasing; however, there are still fluctuations in increase and decrease in countries.

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of May 22, 2025 as follows: the pepper market moved sideways compared to the previous session of fluctuations.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,379 USD/ton; similarly, Muntok white pepper is currently purchased at 10,062 USD/ton.

The Malaysian pepper market remains stable, currently the price of Malaysian ASTA black pepper is purchased at 9,200 USD/ton and the price of ASTA white pepper is at 11,900 USD/ton.

Pepper prices in Brazil remained stable compared to yesterday's decrease, currently the purchase price is 6,650 USD/ton.

Vietnam's pepper market continues to move sideways and increase slightly. Currently, the export price of Vietnamese black pepper is at 6,700 USD/ton for 500 g/l; 550 g/l is at 6,800 USD/ton and the price of white pepper is at 9,700 USD/ton.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (May 23, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-2352025-giu-da-on-dinh-388785.html