Forecast of domestic pepper price tomorrow, May 19, 2025, stable

Forecast for domestic pepper price tomorrow, May 19, 2025, the market continues to be stable and anchored at a high level.

Today's pepper price was updated on the afternoon of May 18, 2025 as follows, the domestic market continued to be stable and flat compared to yesterday's trading session. Currently, the average pepper purchase price in key areas is 151,800 VND/kg.

Specifically, today's pepper price in Gia Lai province remained stable, unchanged compared to the previous trading session. Currently, the pepper purchase price in this locality is at 151,000 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc have a stable trend compared to yesterday, currently the pepper price purchased by traders in the two localities is 151,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong have remained stable compared to the previous slight increase. Currently, traders are purchasing pepper in these two localities at 153,000 VND/kg.

Domestic pepper prices updated on the afternoon of May 18, 2025

In summary, the domestic pepper market did not fluctuate much last week, remaining at a high level; in the two provinces of Dak Lak and Dak Nong, it is being purchased by agents at 153,000 VND/kg, an increase of 2,000 VND/kg compared to the previous week. Gia Lai recorded an unchanged price of 151,000 VND/kg.

In the world market, last week, pepper prices in most major exporting countries generally remained stable, except for Indonesia which recorded slight fluctuations.

Experts say that although pepper prices have not fluctuated much, they remain high, reflecting the trend of scarce supply after the harvest, while demand from the Middle East and European markets is forecast to increase sharply in the second quarter. However, domestic purchasing power remains sluggish, causing the market to not have a clear price rebound.

Farmers in Gia Lai province harvest pepper.

However, competitive pressure is increasing as the US implements a new tax policy. In the second quarter, Vietnamese pepper entering this market is subject to a 10% tax, and this figure may increase to 25-30% from the third quarter, making Vietnamese pepper inferior to Brazil and Indonesia - two competitors with significantly lower tax rates.

Some forecasts suggest that pepper prices may increase slightly from mid-May to early June 2025. The main reason is that businesses are speeding up the completion of delivery contracts in the second quarter and import demand is increasing from major markets such as Europe and the Middle East.

However, according to the Vietnam Pepper and Spice Association, the domestic market has not yet shown any clear momentum for price increases. Slow consumption, combined with traders’ wait-and-see attitude, has kept prices from fluctuating much.

Update world pepper prices on the afternoon of May 18, 2025

Forecast of world pepper price tomorrow, May 19, 2025, the market is sideways.

According to the forecast of world pepper price tomorrow, the market is stable and sideways; 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 18, 2025 as follows: the pepper market continues to be stable, with little fluctuation compared to many previous sessions of increase and decrease.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,301 USD/ton; similarly, Muntok white pepper is currently purchased at 10,051 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 6,800 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 19, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-1952025-on-dinh-388136.html