Pepper price today 3/1/2025: Continue to decrease deeply
Today's domestic pepper price, March 1, is at 156,000 - 158,000 VND/kg. Continuing to decrease sharply by 1,000 VND/kg compared to yesterday. It is forecasted that in the second quarter of 2025, China may increase its purchase of pepper from Vietnam.
Domestic pepper price today
The highest pepper purchase price in key pepper growing areas (Dak Lak, Lam Dong, Gia Lai, Dak Nong, Ba Ria - Vung Tau, Binh Phuoc) was recorded at 158,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 158,000 VND/kg. Continuing to decrease sharply by 1,000 VND/kg compared to yesterday.
In Gia Lai, pepper price is 156,000 VND/kg. Decreased 1,000 VND/kg compared to yesterday.
In Dak Lak, pepper price is 158,000 VND/kg. Decreased 1,000 VND/kg compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 156,000 VND/kg. Decreased 1,000 VND/kg compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 156,000 VND/kg. Decreased 1,000 VND/kg compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 156,000 VND/kg.
Although domestic pepper prices have decreased, the export market has recorded significant growth. According to Mr. Ho Tri Nhuan, Director of Gohan Company Limited, consumption demand in the US in 2024 will increase by about 5%. However, purchases from importers have increased sharply by 30-40% due to concerns that prices will continue to rise. This makes it difficult for many export enterprises to sign long-term contracts at lower prices than actual prices, leading to the risk of losses if pepper prices increase suddenly.
It is forecasted that in the second quarter of 2025, China may increase its purchase of pepper from Vietnam when the main harvest season begins. Meanwhile, the US may adjust its import pace due to large inventories from last year. If actual demand from China increases sharply, domestic pepper prices are likely to recover quickly and end the current downward trend.
Although the market is still in the adjustment phase, pepper export prices are on an upward trend, bringing hope to farmers. However, the stockpiling strategy needs to be carefully calculated to avoid risks in the face of unpredictable fluctuations in the global market.
World pepper price today
In the world market, based on quotes from export enterprises and export prices in countries, the International Pepper Association (IPC) has updated pepper prices of all types traded in the international market on March 1 (local time) as follows:
Indonesian Lampung black pepper prices decreased slightly compared to yesterday, reaching 7,235 USD/ton (down 0.87%). In addition, Muntok white pepper prices also decreased slightly compared to yesterday, reaching 9,959 USD/ton (down 0.88%).
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $6,850/mt.
Malaysia's ASTA black pepper price is stable compared to yesterday at 9,500 USD/ton. In addition, the country's ASTA white pepper price is also stable compared to yesterday at 12,000 USD/ton.
Prices of all types of pepper in Vietnam remained unchanged compared to yesterday. Of which, the price of 500 gr/l black pepper in Vietnam reached 6,900 USD/ton; 550 gr/l reached 7,100 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at $9,900/ton.
According to Thehindubusinessline, the pepper market in northern India is showing signs of sluggishness. Many consumption centers have recorded sluggish trading activities in recent times. However, traders expect demand to recover after the Maha Kumbh Mela festival.
Pepper prices at the Kochi wholesale market have fallen by Rs 7 per kg in the last week. Currently, ungraded pepper is being traded at Rs 652 per kg, while graded pepper is being traded at Rs 672 per kg.
The market is stabilizing after the first round of pepper harvesting ended, leading to lower supplies in the growing areas, said Kishore Shamji, a trader in Kochi.
Additionally, early harvest by farmers in Idukki and Pathanamthitta to cater to the demand at Sabarimala has also affected supply. The pilgrimage season has brought in a significant income for them, with many farmers selling half a kilogram of black pepper at Rs 650 to pilgrims.
