Pepper price today March 10, 2025: Strong increase in series
Today's domestic pepper price, March 10, is at 159,000 - 162,000 VND/kg. This week's pepper price increased again from 1,000 to 3,000 VND/kg compared to last week. World pepper prices also increased in unison last week.
Domestic pepper prices today
The highest pepper purchase price in key pepper growing regions (Dak Lak, Lam Dong, Gia Lai, Dak Nong, Ba Ria - Vung Tau, Binh Phuoc) was recorded at 162,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 162,000 VND/kg. Unchanged compared to yesterday.
In Gia Lai, pepper price is 159,000 VND/kg. Unchanged compared to yesterday.
In Dak Lak, pepper price is 161,500 VND/kg. Unchanged compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 159,000 VND/kg. Unchanged compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 159,000 VND/kg. No change compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 159,000 VND/kg.
At the end of the week, pepper prices in the Central Highlands increased from 2,000 to 3,000 VND/kg; in the Southeast provinces, they increased from 1,000 to 2,000 VND/kg.
Specifically, pepper prices in Dak Nong province increased by 3,000 VND/kg last week. Next, pepper prices in Dak Lak province increased by 2,000 VND/kg compared to last week. Similarly, pepper prices in other localities such as Gia Lai, Ba Ria - Vung Tau and Dong Nai increased by 2,000 VND/kg. Transaction prices in Binh Phuoc province increased by 1,000 VND/kg.
World pepper prices today
In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Association (IPC) updated the prices of all types of pepper traded in the international market on March 10 (local time) as follows:
Indonesia’s Lampung black pepper price remained unchanged from yesterday at $7,376 per tonne. Similarly, Muntok white pepper price decreased slightly from yesterday at $10,242 per tonne.
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 6,850/mt.
Malaysia’s ASTA black pepper price remained unchanged from yesterday at $9,800/ton. Meanwhile, the country’s ASTA white pepper price also remained unchanged from yesterday at $12,300/ton.
Prices of all types of Vietnamese pepper remained stable compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 7,000 USD/ton; 550 gr/l reached 7,200 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at 10,000 USD/ton.
At the end of last week, the International Pepper Association (IPC) listed a sharp increase in pepper export prices in many countries. Specifically, the price of Indonesian black pepper increased by 141 USD/ton compared to last week, the price of Indonesian white pepper last week increased sharply by 283 USD/ton. The price of black pepper in Vietnam and Malaysia last week both increased slightly by 100 USD/ton. Meanwhile, the price of ASTA 570 black pepper in Brazil last week remained unchanged.
Demand for spices is soaring globally, especially in the United States. Retail sales of spices in the country have increased from $5 billion before the pandemic to $7 billion over the past year, driven by home cooking and the popularity of Asian and Mexican cuisine.
Vietnam continues to maintain its position in the pepper and spice industry thanks to proactive market research and investment in processing technology. Currently, Vietnamese spice products are present in many major markets such as India, Europe and the US. In particular, Vietnamese pepper plays an important role in Chinese restaurants, where spiciness is an indispensable element.
