Pepper price forecast for tomorrow, May 24, 2025: downward momentum 'slows down'

Forecast for domestic pepper prices tomorrow, May 24, 2025, the decline "slows down" after a sharp decline.

Today's pepper price was updated on the afternoon of May 23, 2025 as follows: The domestic market suddenly plummeted, down 4,000 - 5,000 VND/kg compared to yesterday's trading session. Currently, the average pepper purchase price in key areas is 146,400 VND/kg.

Specifically, today's pepper price in Gia Lai province suddenly decreased sharply compared to yesterday, a decrease of 4,000 VND/kg, currently the pepper purchase price in this locality is at 146,000 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau turned to decrease sharply, down 5,000 VND/kg compared to yesterday, currently pepper purchasing price in this locality is at 146,000 VND/kg.

Pepper prices in Binh Phuoc also decreased by 4,000 VND/kg, currently traders are purchasing pepper in this locality at 147,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong have the highest fluctuation, with a decrease of 5,500 VND/kg compared to yesterday, bringing the pepper market in these two localities to 146,500 VND/kg.

Domestic pepper prices updated on the afternoon of May 23, 2025

Recorded on May 23, the domestic pepper market suddenly turned sharply down after a series of days of slight fluctuations and sideways movement, currently pepper prices fluctuate from 146,000 - 147,000 VND/kg.

The Import-Export Department (Ministry of Industry and Trade) said that world pepper prices are currently maintained at a high level due to tight supply after the harvest season and expectations of increased demand from the Middle Eastern and European markets in the second quarter of 2025. However, the current main price trend is still sideways, with a narrow range of fluctuations.

In the domestic market, pepper prices in mid-May 2025 decreased across key growing areas compared to the same period in April 2025.

Farmers in Gia Lai province harvest pepper.

According to the Vietnam Pepper and Spice Association (VPSA), the domestic market has not yet shown signs of recovery due to weak consumption and a wait-and-see mentality. Many farmers are still not interested in expanding their cultivation area because current prices are not attractive enough to offset investment risks.

In addition, the trend of shifting to growing durian, avocado and other crops with higher economic value is becoming more popular. Limited land is also a major barrier to expanding pepper growing areas.

Currently, among the 10 largest pepper export markets of Vietnam in the first 4 months of 2025, the UK market has the strongest growth rate. According to statistics from the Customs Department, Vietnam's pepper exports to the UK market reached 2.33 thousand tons, worth 17.05 million USD, up 22.7% in volume and 97.9% in value over the same period in 2024.

Update world pepper prices on the afternoon of May 23, 2025

Forecast of world pepper price tomorrow, May 24, 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 23, 2025 as follows: pepper markets in many countries tend to be stable; pepper prices in Indonesia continued to increase compared to the previous trading session.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,421 USD/ton; similarly, Muntok white pepper is currently purchased at 10,119 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, with little change compared to the previous trading session. The current purchase price is 6,650 USD/ton.

The Vietnamese pepper market continues to move sideways and stabilize. 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 24, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-ngay-mai-2452025-da-giam-chung-lai-388978.html