Pepper prices today, March 13, 2025: Rising sharply again.

Domestic pepper prices today

The highest pepper purchase price recorded in key pepper-growing regions (Dak Lak, Lam Dong, Gia Lai, Dak Nong, Ba Ria - Vung Tau, Binh Phuoc) was 161,000 VND/kg.

Specifically, in Dak Nong province, the price of pepper is 161,000 VND/kg, a sharp increase of 2,500 VND/kg compared to yesterday.

In Gia Lai, the price of pepper is 158,500 VND/kg, an increase of 1,500 VND/kg compared to yesterday.

In Dak Lak, the price of pepper is 160,500 VND/kg, an increase of 2,000 VND/kg compared to yesterday.

In Binh Phuoc and Dong Nai provinces, the price of pepper today is 159,000 VND/kg, an increase of 2,000 VND/kg compared to yesterday.

In Ba Ria - Vung Tau, the price of pepper today is 159,000 VND/kg, an increase of 2,000 VND/kg compared to yesterday.

Thus, the lowest price for pepper in the domestic market today is 158,500 VND/kg.

According to the Vietnam Pepper and Spice Association (VPSA), pepper prices are rising compared to previous years, benefiting farmers. The forecast indicates that global demand for pepper will remain high, helping prices maintain their upward trend in the coming period.

In Vietnam, despite rising pepper prices, the price is still not attractive enough for farmers to expand their pepper cultivation area. The main reason is that other crops like durian yield higher profits, making people less enthusiastic about expanding pepper farming.

Vietnam's pepper production is trending downwards, from 192,000 tons in 2023 to 183,000 tons in 2024, and is expected to further decrease to 178,000 tons in 2025. With domestic and global inventories nearing rock bottom, experts predict pepper prices will remain high. The US and China remain the two main markets that Vietnam is focusing on.

Today's world pepper prices

On the world market, based on quotations from exporting companies and export prices in various countries, the International Pepper Association (IPC) has updated the prices of various types of pepper traded on the international market on March 13th (local time) as follows:

Indonesian Lampung black pepper prices fell slightly compared to yesterday, reaching US$7,254/ton (down 0.14%). Similarly, Muntok white pepper prices also decreased slightly compared to yesterday, reaching US$10,237/ton (down 0.14%).

The price of Brazilian ASTA 570 black pepper remained unchanged from yesterday at $6,900 per ton.

Malaysian ASTA black pepper prices remained unchanged from yesterday at US$9,800/tonne. Additionally, the price of ASTA white pepper from the same country also stayed the same as yesterday at US$12,300/tonne.

Prices for all types of Vietnamese pepper remained stable compared to yesterday. Specifically, the price of Vietnamese black pepper (500 gr/l) reached US$7,000/ton; and the price of black pepper (550 gr/l) reached US$7,200/ton.

Similarly, the price of Vietnamese white pepper remained unchanged compared to yesterday at $10,000 per ton.

At the Vietnam International Pepper and Spice Industry Conference 2025, Mr. Jos van Gulick, General Director of Nedspice Vietnam, stated that unusual weather conditions are severely impacting crops in major pepper-producing countries such as Brazil, India, and China. He predicted that global pepper production in 2025 will continue to decline sharply, to only about 434,000 tons.

Global inventories are also low, driving up pepper prices, which may continue to rise in the near future. Mr. Jos emphasized that although demand for pepper remains stable and higher than supply, with the current decline in production, pepper prices are unlikely to fall significantly.

Although high pepper prices may help slow the decline in production, the impact will take time to become apparent. Ensuring a stable supply in the long term requires farmers and businesses to have appropriate strategies to adapt to market fluctuations.