The price of pepper in 2024-2025 is expected to experience slight fluctuations with a positive growth trend, particularly due to the recent decrease in global supply. In September 2024, the export price of Vietnamese pepper reached a record high due to supply shortages, which increased export value even though production did not see significant growth. However, with the upcoming harvest season in countries like Brazil and Indonesia, pepper prices may not rise sharply but only adjust slightly due to stable global demand.
Forecasts for 2025 indicate that Vietnam’s harvest season will also play a crucial role in determining pepper prices. If supply remains stable and there are no significant changes in demand, pepper prices may maintain a growth trend but are unlikely to peak as they did in 2024.
