Forecast of domestic pepper price tomorrow April 2, 2025 to continue to decrease

Forecast of domestic pepper price tomorrow April 2, 2025, continuing to decrease.

Today's pepper price was updated on the afternoon of April 1, 2025 as follows: The domestic pepper market continued to decline compared to yesterday's trading session, down 1,000 VND/kg in all localities. Currently, the average pepper purchase price in key areas is 157,400 VND/kg.

Specifically, today's pepper price in Gia Lai province decreased by 1,000 VND/kg compared to yesterday's trading session, currently the pepper purchase price in this locality is at 157,000 VND/kg. Similarly, pepper price in Ba Ria - Vung Tau is also purchased at 157,000 VND/kg.

Binh Phuoc pepper price decreased by 1,000 VND/kg compared to the previous trading session, currently the pepper price in this locality is at 157,000 VND/kg.

Pepper prices in Dak Lak province also decreased by 1,000 VND/kg, currently the pepper purchase price is at 158,000 VND/kg.

Pepper price in Dak Nong province decreased by 1,000 VND/kg, currently the local pepper purchase price is at 158,000 VND/kg.

Domestic pepper prices updated on the afternoon of April 1, 2025

Experts say that with factors such as scarce supply, stable demand and farmers' "hoarding" mentality, global pepper prices are likely to continue to remain high in the coming time.

Meanwhile, domestic pepper prices are on a downward trend due to farmers' sentiment that pepper prices will continue to increase. They tend to hold onto their stocks waiting for prices to increase further, causing little selling pressure. Although pepper output this year has been relatively stable, actual supply is still limited, leading to local shortages in some localities.

Although world pepper prices have not changed much, production in major countries such as Vietnam, Indonesia and Brazil is facing difficulties due to unfavorable weather. This has led to a decrease in output, while the demand for imported pepper for the food and spice industry is increasing. The strong US dollar is also actively supporting pepper prices in the international market.

According to experts, pepper prices are currently affected by many important factors. One of them is the decline in production in major producing countries such as Vietnam, Indonesia and Brazil, due to the impact of harsh weather conditions.

Besides, the demand for pepper is increasing sharply as major markets such as the US and Europe are boosting imports to meet demand in the food and spice industry.

In particular, the US dollar remains high, creating favorable conditions for pepper prices in the international market. However, supply from Vietnam is still quite limited, as farmers and traders continue to stockpile goods and only sell a small amount after each harvest season.

Update world pepper prices on the afternoon of April 1, 2025

World pepper price forecast tomorrow April 2, 2025 remains stable and increases slightly.

According to forecasts, world pepper prices tomorrow will remain stable, but there will still be slight fluctuations between countries.

Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of April 1, 2025 as follows: the pepper market is stable, anchored at a high level compared to yesterday's trading session.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,239 USD/ton; similarly, Muntok white pepper is currently purchased at 10,066 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 9,900 USD/ton and the price of ASTA white pepper is at 12,400 USD/ton.

Pepper prices in Brazil are currently stable after the previous increase and are anchored at a high level, currently purchasing price reaching 7,000 USD/ton.

Vietnam's pepper export market is stable and remains high. Specifically, the export price of Vietnam's black pepper is currently at 7,100 USD/ton for 500 g/l; 550 g/l is at 7,300 USD/ton and the price of white pepper is at 10,100 USD/ton.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (April 2, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-242025-tiep-da-giam-380973.html