Pepper price today March 14, 2025: Continue to increase
Today's domestic pepper price, March 14, is at 159,000 - 161,000 VND/kg. Pepper prices continue to increase from 500 to 1,000 VND/kg compared to yesterday. Indonesian pepper export prices increase again.
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. Unchanged compared to yesterday.
In Gia Lai, pepper price is 159,000 VND/kg. Increased 500 VND/kg compared to yesterday.
In Dak Lak, pepper price is 161,000 VND/kg. Increased 500 VND/kg compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 160,000 VND/kg. An increase of 1000 VND/kg compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 160,000 VND/kg. An increase of 1000 VND/kg compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 159,000 VND/kg.
According to the Ministry of Industry and Trade, the 2025 pepper harvest is underway and will peak in March and April. However, global output is forecast to continue to decline due to shrinking cultivation areas in Vietnam and adverse weather conditions in India.
In Vietnam, pepper growing areas have begun to enter the harvest season. In Dak Nong, the country’s largest pepper producer, about 40% of the area has been harvested. Meanwhile, in Dak Lak, the second largest producer, only 5-10% of the area has been harvested.
It is noteworthy that this year, because many farmers have made big profits from durian and coffee, they are not in a hurry to sell pepper to the market, leading to hoarding. This makes the supply scarce even during the peak harvest season.
World pepper price today
In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Community (IPC) has updated the prices of all types of pepper traded in the international market on March 14 (local time) as follows:
Indonesian Lampung black pepper prices increased slightly compared to yesterday at USD 7,265/ton (up 0.15%). Similarly, Muntok white pepper prices decreased slightly compared to yesterday at USD 10,252/ton (up 0.15%).
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.
According to data from Vietnam Customs, in February 2025, pepper exports reached 14,345 tons, bringing in 97.2 million USD. Compared to the previous month, export volume increased by 10.7%, while value increased by 11%. Compared to the same period last year, export volume increased by 7.2%, but value increased sharply by 79.1% thanks to higher pepper prices.
In the first two months of the year, Vietnam exported 27,274 tons of pepper, earning 184.4 million USD. Although the volume decreased by 11.6%, the value increased by 48.5% thanks to a significant improvement in export prices.
The average export price of pepper in February 2025 reached 6,774 USD/ton, up 0.3% compared to January and 67.1% higher than February 2024. The average export price in the first two months of the year reached 6,763 USD/ton, up 68% over the same period last year.
