Forecast of domestic pepper price tomorrow, May 2, 2025, the market will increase slightly.
Today's pepper price was updated on the afternoon of May 1, 2025 as follows: The domestic pepper market remains stable, sideways and anchored at a high level. Currently, the average pepper purchase price in key areas is 155,200 VND/kg.
Specifically, pepper prices today in Gia Lai province are stable after a slight decrease yesterday, currently the local pepper purchasing price is at 154,000 VND/kg.
Pepper prices in Ba Ria - Vung Tau are also on a stable trend, currently pepper is purchased at 155,000 VND/kg.
Pepper prices in Binh Phuoc fluctuated little compared to the previous trading session. Currently, the pepper purchasing price in this locality is at 155,000 VND/kg.
Dak Nong and Dak Lak pepper prices are stable and at a high level. Currently, the pepper purchase price in these two localities is at 156,000 VND/kg.
 |
| Domestic pepper prices updated on the afternoon of May 1, 2025 |
The domestic pepper market remained stable today due to the market suspending trading during the April 30 - May 1 holiday. The world market, after many previous increases, has tended to stabilize and move sideways.
According to experts, with the current upward trend and stable market demand, domestic pepper prices are expected to remain stable or increase slightly tomorrow. In the short term, pepper prices are expected to continue to maintain a slight upward trend, with an increase of 500 to 1,500 VND/kg in key areas.
This is supported by the following factors: Limited supply: Pepper growing area has decreased as farmers have switched to growing other crops such as durian and coffee. In addition, high production costs and adverse weather have affected pepper productivity and growing area. Increased market demand: Major consumer markets such as the US, EU and China have increased imports, pushing up pepper prices.
Production forecast to decrease: Global pepper production in 2025 is forecast to decrease compared to 2024, marking the fourth consecutive year of decline since 2022. This reflects the fact that pepper is no longer the main crop for many farmers.
 |
| Farmers in Gia Lai province harvest pepper. |
IPC predicts that global pepper production in 2025 may decrease by 6.1%, while consumer demand continues to increase. Black pepper prices in major exporting countries tend to increase compared to the previous year, creating favorable conditions for producers, but at the same time creating additional cost pressure for importers and processing enterprises.
By the end of the first quarter of 2025, Brazil's pepper exports recorded 23,081 tons, with a turnover of 145.4 million USD, a sharp increase of 25.8% in volume and 130.1% in value over the same period last year. This increase was mainly due to exports to Vietnam increasing 2.2 times in volume and 4.2 times in value over the same period.
 |
| Update world pepper prices on the afternoon of May 1, 2025 |
Forecast of world pepper price tomorrow May 2, 2025, stable market.
According to forecast, world pepper prices will be stable tomorrow; however, there will still be fluctuations in increase and decrease in different countries.
Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of May 1, 2025 as follows: the pepper market tends to be stable compared to the previous session of alternating increases and decreases between countries.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,211 USD/ton; similarly, Muntok white pepper is currently purchased at 9,767 USD/ton.
The Malaysian pepper market remained stable after many previous declines. Currently, the price of Malaysian ASTA black pepper is purchased at 9,300 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 2, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-252025-tang-nhe-385699.html
Comment (0)