Forecast of domestic pepper price tomorrow April 21, 2025, slight increase

Forecast for domestic pepper price tomorrow, April 21, 2025, the market is stable and slightly increasing.

Today's pepper price was updated on the afternoon of April 20, 2025 as follows: The domestic pepper market is stable and sideways after the previous sharp decline. Currently, the average pepper purchase price in key areas is 155,400 VND/kg.

Specifically, today's pepper price in Gia Lai province is stable and unchanged compared to yesterday's sharp decrease, currently the pepper purchase price in this locality is at 155,000 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau fluctuated little and remained high, currently pepper is purchased at 155,000 VND/kg.

Pepper prices in Binh Phuoc are stable, with little fluctuation compared to the previous trading session. Currently, the pepper purchasing price in this locality is also at 155,000 VND/kg.

Dak Nong and Dak Lak pepper prices are stable after a sharp decline in the previous trading session. Currently, pepper purchasing price in these two localities is at 156,000 VND/kg.

Domestic pepper prices updated on the afternoon of April 20, 2025

This week, the global pepper market fluctuated strongly. In particular, Vietnam's pepper export price increased sharply from 1.47-3.03%. Meanwhile, pepper in Indonesia, Brazil and Malaysia decreased by 2.54%.

In the domestic market, pepper prices increased in the middle of the week but then turned down. At the end of last week, domestic pepper prices were traded in the range of 155,000 - 156,000 VND/kg, increasing and decreasing in opposite directions compared to the previous week.

Experts say that domestic pepper prices are expected to continue to fluctuate slightly during the peak harvest period, but the market is supported by many factors. Despite entering the main harvest season, the amount of goods brought to the market is still limited because farmers tend to hold onto their goods thanks to good income from the previous coffee crop. Demand from traders and speculators is also contributing to keeping prices stable.

Farmers in Dak Nong province harvest pepper

Currently, Vietnam is in the 90-day negotiation phase with the US, but the final result cannot be predicted. With the fluctuations in US tariff policy, many manufacturing enterprises are holding back, waiting for the negotiation results, while considering the possibility of expanding to other markets.

Ms. Hoang Thi Lien - President of the Vietnam Pepper and Spice Association, commented that if the negotiation results are not positive, Vietnamese enterprises are at risk of losing market share in the US to Indonesia and Brazil. Therefore, enterprises need to proactively find alternative markets and ensure quality to compete in other regions, especially the EU.

Update world pepper prices on the afternoon of April 20, 2025

Forecast of world pepper price tomorrow April 21, 2025, the market remains stable.

According to forecast, world pepper prices will be stable tomorrow, 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 20, 2025 as follows: the pepper market is stable and sideways compared to many previous sessions of increase and decrease.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,056 USD/ton; similarly, Muntok white pepper is currently purchased at 9,641 USD/ton.

The Malaysian pepper market is stable and sideways. Currently, the price of Malaysian ASTA black pepper is purchased at 9,600 USD/ton and the price of ASTA white pepper is at 12,100 USD/ton.

Pepper prices in Brazil remained unchanged compared to yesterday's increase, currently at $6,900/ton.

The Vietnamese pepper market is flat and stable compared to the previous high session. Currently, the export price of Vietnamese black pepper is at 6,800 USD/ton for 500 g/l; 550 g/l is at 6,900 USD/ton and the price of white pepper is at 9,800 USD/ton.

*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (April 21, 2025) on Congthuong.vn.

Tuan My

Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-2142025-tang-nhe-383989.html