Pepper price today March 13, 2025: Strong increase again
Today's domestic pepper price, March 13, is at 158,500 - 161,000 VND/kg. Pepper prices increased sharply again from 1,500 to 2,500 VND/kg compared to yesterday. Indonesian pepper export prices continue to decrease.
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 161,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 161,000 VND/kg. A sharp increase of 2,500 VND/kg compared to yesterday.
In Gia Lai, pepper price is 158,500 VND/kg. Increased 1,500 VND/kg compared to yesterday.
In Dak Lak, pepper price is 160,500 VND/kg. Increased 2000 VND/kg compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 159,000 VND/kg. An increase of 2,000 VND/kg compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 159,000 VND/kg. An increase of 2,000 VND/kg compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 158,500 VND/kg.
According to the Vietnam Pepper and Spice Association (VPSA), pepper prices are increasing compared to previous years, bringing benefits to growers. The forecast for global pepper consumption remains high, helping pepper prices maintain their upward momentum in the coming time.
In Vietnam, although pepper prices have increased, they are still not attractive enough for farmers to expand their planting areas. The main reason is that other crops such as durian bring higher profits, making people less interested in expanding pepper cultivation.
Vietnam's pepper output is on a downward trend, from 192,000 tons in 2023 to 183,000 tons in 2024 and is expected to continue to decrease to 178,000 tons in 2025. In the context of domestic and global inventories nearing rock bottom, experts predict that pepper prices will continue to remain high. The US and China are still the two main consumption markets that Vietnam is focusing on exploiting.
World pepper price today
In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Association (IPC) has updated the prices of pepper of all types traded in the international market on March 13 (local time) as follows:
Indonesian Lampung black pepper prices decreased slightly compared to yesterday at USD 7,254/ton (down 0.14%). Similarly, Muntok white pepper prices decreased slightly compared to yesterday at USD 10,237/ton (down 0.14%).
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $6,900/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 pepper in Vietnam are stable compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l is 7,000 USD/ton; 550 gr/l is 7,200 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at $10,000/ton.
At the Vietnam Pepper and Spices International Conference 2025, Mr. Jos van Gulick, General Director of Nedspice Vietnam, said that unusual weather conditions are strongly affecting the crop in major pepper growing countries such as Brazil, India and China. It is forecasted that global pepper output in 2025 will continue to decrease sharply, to only about 434,000 tons.
Global inventories are also low, causing pepper prices to rise and may continue to rise in the coming time. Mr. Jos emphasized that although pepper demand remains stable and higher than supply, with the current decline in output, pepper prices are unlikely to fall significantly.
While high pepper prices may help slow down the decline in production, the impact will take time to show. Ensuring a stable supply in the long term requires farmers and businesses to have appropriate strategies to adapt to market fluctuations.
