Forecast of domestic pepper price tomorrow, April 12, 2025, continuing to increase

Forecast of domestic pepper price tomorrow, April 12, 2025, continues to increase.

Today's pepper price was updated on the afternoon of April 11, 2025 as follows: The domestic pepper market increased sharply again, an increase of 4,000 - 5,000 VND/kg compared to yesterday's trading session. Currently, the average pepper purchase price in key areas is 153,800 VND/kg.

Specifically, today's pepper price in Gia Lai province suddenly increased sharply compared to yesterday, an increase of 5,000 VND/kg, currently the pepper purchase price in this locality is at 153,000 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau also fluctuated sharply compared to the previous trading session, an increase of 4,000 VND/kg, currently pepper is purchased at 153,000 VND/kg.

Pepper price in Binh Phuoc also increased by 4,000 VND/kg compared to yesterday, currently the pepper price is purchased at 153,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong maintained a high increase, with 5,000 VND/kg compared to yesterday. Currently, the pepper purchase price in these two localities is at 155,000 VND/kg.

Domestic pepper prices updated on the afternoon of April 11, 2025

With positive market developments, limited supply, high demand and the pepper industry being less affected by the US's reciprocal tax... these will be factors supporting pepper prices to increase in the coming time.

According to experts, the US President's announcement to postpone the imposition of reciprocal tariffs for 90 days has created a more positive impact on business orders that may have been suspended due to concerns about increased tariffs earlier.

In the long term, pepper prices will continue to rise and may reach VND200,000/kg. Because pepper demand in the US depends almost entirely on imports. At the same time, global supply is increasingly limited due to declining output in some major producing countries such as Indonesia and India due to climate change, disease and rising input costs.

Farmers in Gia Lai province harvest pepper.

Globally, the pepper market is facing challenges due to declining production in major producing countries such as Indonesia and India. The main reasons are climate change, disease and high input costs. Although pepper prices have been adjusted downward, demand is still increasing, putting pressure on supply. Vietnam, as the leading pepper supplier, is in a great position to meet this demand.

The Vietnam Pepper and Spice Association (VPSA) believes that from now until the end of the year, supply and demand will remain the most important factor. Whether the US imposes tariffs or not, the global market is still in short supply, which will support pepper prices to increase again in the medium and long term.

The US's 90-day suspension of reciprocal tariffs is seen as a positive signal for the pepper industry, helping pepper prices potentially increase again in the coming time. However, pepper growers need to maintain stable production and should not sell off to ensure long-term benefits.

Update world pepper prices on the afternoon of April 11, 2025

World pepper price forecast tomorrow April 12, 2025 will increase slightly.

According to forecast, world pepper prices will decrease slightly tomorrow, however there will still be slight fluctuations between countries.

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of April 11, 2025 as follows: the pepper market tends to recover and move sideways after previous sharp declines. In which, pepper prices in Indonesia rebounded, increasing from 69 - 95 USD/ton; pepper prices in Vietnam stabilized after a sharp decline; markets in other countries moved sideways and were stable.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,147 USD/ton; similarly, Muntok white pepper is currently purchased at 9,805 USD/ton.

The Malaysian pepper market remained stable compared to the most recent trading session. Currently, the price of Malaysian ASTA black pepper is purchased at 9,850 USD/ton and the price of ASTA white pepper is at 12,300 USD/ton.

Pepper prices in Brazil have stabilized after previous declines, with the current purchase price reaching $6,800/ton.

The Vietnamese pepper market has stabilized and is now flat. The current export price of Vietnamese black pepper is at 6,600 USD/ton for 500 g/l; 550 g/l is at 6,800 USD/ton and the price of white pepper is at 9,600 USD/ton.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (April 12, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1242025-tiep-da-tang-382559.html