Pepper price today March 15, 2025: Slight increase in Gia Lai
Today's domestic pepper price, March 15, is at 159,500 - 161,000 VND/kg. Pepper price increased slightly by 500 VND/kg in Gia Lai compared to yesterday. World pepper price today is stable.
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 159,500 VND/kg. Increased 500 VND/kg compared to yesterday.
In Dak Lak, pepper price is 161,000 VND/kg. Unchanged compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 160,000 VND/kg. Unchanged compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 160,000 VND/kg. Unchanged compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 159,000 VND/kg.
Pepper prices have been increasing continuously in recent times, currently reaching 160,000 VND/kg. Not only in terms of price, the Vietnamese pepper industry has also reaffirmed its leading position in the world, continuing to be in the group of billion-dollar export items.
Despite the high pepper prices, many farmers are no longer in a rush to sell as before. They choose to harvest slowly, hoarding goods and waiting for a good price instead of selling everything right after harvest. This is a big change in the mindset of pepper growers, helping them optimize profits when prices fluctuate.
Many farmers have applied the model of intercropping jackfruit, coconut, and coffee to limit diseases for pepper plants. Instead of massively expanding the area, they focus on care and improving quality according to VietGAP and organic standards.
In Ba Ria - Vung Tau, pepper growers maintain an area of only about 1 hectare, investing in sustainable farming techniques. This method helps improve pepper productivity and quality, while ensuring long-term growth of the crop.
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 15 (local time) as follows:
Indonesia’s Lampung black pepper price remained unchanged from yesterday at $7,265 per tonne. Similarly, Muntok white pepper price remained unchanged from yesterday at $10,252 per tonne.
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.
Vietnam currently has more than 110,000 hectares of pepper, with an average yield of 26 quintals/ha, twice as high as the global average. According to the direction of the Ministry of Agriculture and Environment, the pepper area will be maintained at 80,000 - 100,000 hectares by 2030, with an output of 200,000 - 300,000 tons.
Global pepper output is forecast to decrease in 2025 due to the shrinking pepper growing area in Vietnam and unfavorable weather in India. In the 2024-2025 crop year, Vietnam's pepper output is expected to reach 172,000 tons, down 2% compared to the previous year and down 47% compared to the 2018-2019 crop year.
Vietnam currently accounts for 40% of total pepper production and 55% of global pepper exports. Although it remains an important player in the international market, the pepper industry is facing increasingly fierce competition from other countries.
For sustainable development, the industry needs to focus on improving product quality, risk management and expanding international cooperation. In the context of low pepper inventories and limited supply, pepper prices are expected to remain high in the coming time.
The Vietnam Pepper and Spice Association said that global consumption demand remains stable, especially in the US and Europe. With low inventories and reduced output, pepper prices are forecast to remain high in the coming time.
