Pepper price forecast tomorrow March 7, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 7.
Domestic pepper price forecast tomorrow, March 7, 2025, maintains a slight increase and stays at a high level.
Today's pepper price was updated on the afternoon of March 6, 2025 as follows: Domestic pepper prices maintained an upward trend compared to yesterday, an increase of 500 - 1,000 VND/kg, depending on the locality. Currently, the average pepper purchase price in key areas is 160,000 VND/kg.
Specifically, today's pepper price in Gia Lai province increased by 1,000 VND compared to yesterday, currently the pepper purchase price in this locality is at 159,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau continued to increase by 1,000 VND/kg, currently pepper prices are purchased by traders at 159,000 VND/kg.
Pepper price in Binh Phuoc province increased by 1,000 VND/kg, currently pepper is purchased at 159,000 VND.
Pepper price in Dak Nong province increased by 500 VND/kg compared to yesterday's trading session, currently pepper price is purchased at 161,000 VND/kg.
Pepper prices in Dak Lak province increased by 1,000 VND/kg compared to yesterday. Currently, pepper prices in this locality are the highest in the country, at 161,500 VND/kg.
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| Domestic pepper price updated on March 6, 2025 |
Experts say pepper prices are on the rise due to a decline in global supply while demand in major markets such as the US, Europe and China remains stable.
According to statistics, from the beginning of 2025 until now, domestic pepper prices have increased by about 10,000 - 12,000 VND/kg, with an increase of 10,000 - 11,000 VND/kg in February 2025 alone. Currently, pepper prices range from 159,000 - 161,000 VND/kg, about 65 - 70% higher than the same period last year.
Vietnam Pepper and Spices Association (VPSA) said that with its leading position in the world, Vietnam is not only a country exporting raw materials but is also shifting to developing deeply processed products, increasing export value. However, the industry also faces many challenges, from climate change, pressure from harmful organisms, increasingly strict quality requirements from the international market, and increasing transportation costs.
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| Farmers in Dak Nong province harvest pepper |
According to VPSA, Vietnam’s Pepper and Spices industry continues to affirm its important position in the global market, accounting for 40% of total output and nearly 55% of the world’s pepper export turnover. However, in the context of increasingly fierce integration and competition, improving quality, risk management and expanding cooperation opportunities are core factors for the industry to develop sustainably.
According to the International Trade Center (ITC), the global spice and spice products market can achieve a growth rate of over 5.2% per year in the period 2025-2030 with an estimated value of nearly 21 billion USD in 2025 and expected to increase to nearly 27 billion USD in 2030.
The spice market is changing dramatically due to increased consumer preferences and awareness of functional foods. The commercial value of the spice industry is forecast to grow strongly, focusing on prominent trends such as prioritizing convenience, sustainability and new flavors. In addition, consumers are also willing to pay for premium, organic spices with clear origins.
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| Update world pepper prices today March 6, 2025 |
World pepper price forecast tomorrow, March 7, 2025, will increase slightly and stay at a high level.
According to forecasts, world pepper prices tomorrow will increase slightly, fluctuate little, stabilize and stay at a high level, however there will still be slight increases and decreases between countries.
Update on world pepper prices from the International Pepper Community (IPC) on the afternoon of March 6, 2025 as follows: the pepper market is vibrant, maintaining an increase compared to yesterday; in which pepper prices in Indonesia continue to increase slightly, increasing from 32 - 45 USD/ton; markets in other countries are stable and anchored at a high level.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,360 USD/ton (up 32 USD/ton); Muntok white pepper is currently purchased at 10,220 USD/ton (up 45 USD/ton).
The Malaysian pepper market remains stable, currently the price of Malaysian ASTA black pepper is purchased at 9,700 USD/ton and the price of ASTA white pepper is at 12,200 USD/ton.
Pepper prices in Brazil, after a slight increase in the previous session, also tended to stabilize, with the current purchase price reaching 6,850 USD/ton.
Vietnam's pepper export market is stable and slightly decreasing. Specifically, the export price of Vietnam's black pepper is currently at 6,900 USD/ton for 500 g/l; 550 g/l is at 7,100 USD/ton; and the price of white pepper is at 9,900 USD/ton.
*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (March 7, 2025) on Congthuong.vn.
Source: https://congthuong.vn/du-bao-gia-tieu-trong-nuoc-ngay-mai-732025-duy-tri-tang-377050.html
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