Pepper price today March 16, 2025: Sharp decrease across the board
Today's domestic pepper price, March 16, is at 158,000 - 159,000 VND/kg. Pepper prices have dropped sharply across the board, from 1,500 to 2,000 VND/kg compared to yesterday. Pepper output in 2025 is also at risk of decline.
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 159,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 159,000 VND/kg. A sharp decrease of 2,000 VND/kg compared to yesterday.
In Gia Lai, pepper price is 158,000 VND/kg. Decreased 1,500 VND/kg compared to yesterday.
In Dak Lak, pepper price is 159,000 VND/kg. A sharp decrease of 2,000 VND/kg compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 158,000 VND/kg. Down 2,000 VND/kg compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 158,000 VND/kg. Down 2,000 VND/kg compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 158,000 VND/kg.
Gia Lai is entering the dry season with extremely hot weather. At this time, farmers in the province are rushing to harvest pepper to finish the season in time, preparing to take care of the plants for the next crop.
Many households said that this year's pepper yield is higher than previous years. Along with that, pepper prices have doubled from last year, reaching a multi-year high, bringing great joy to pepper growers.
Faced with the sharp increase in pepper prices, agricultural experts advise farmers not to spontaneously expand their planting areas to avoid falling into a situation of oversupply like previous years. Instead, sustainable farming is an important solution, in which applying organic models and reducing the use of pesticides will help improve product quality and stabilize the market.
According to Mr. Phan Dinh Tham, Head of the Department of Agriculture and Rural Development of Ia Grai district, farmers need to cooperate with enterprises and cooperatives to ensure stable output, avoiding the risk of good harvest and low price. At the same time, applying new techniques, using organic fertilizers and saving irrigation water will help pepper plants grow more sustainably.
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 16 (local time) as follows:
Indonesia’s Lampung black pepper prices remained unchanged from yesterday at $7,265 per tonne. Similarly, Muntok white pepper prices remained unchanged from yesterday at $10,252 per tonne.
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 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 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.
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.
According to the Vietnam Pepper and Spice Association (VPSA), pepper prices are currently maintained at a high level thanks to stable demand from the US and European markets, helping pepper growers earn large profits.
However, many farmers tend to hoard pepper waiting for prices to increase, making raw materials scarce. This has put processing enterprises in a difficult situation, forcing them to use inventory to ensure signed export contracts. In fact, pepper prices at the farm gate are sometimes higher than raw material prices at exporters, putting great pressure on business operations.
Vietnam currently has more than 110,000 hectares of pepper cultivation, with an average yield of 26 quintals/ha, double the global average. However, the forecast pepper output in the 2024-2025 crop year is only about 172,000 tons, down 2% compared to the previous year and 47% compared to the 2018-2019 crop year. The main reason is the shrinking pepper growing area and increasingly fierce competition from Brazil, Indonesia, and India.
Globally, pepper output in 2025 is also at risk of decline due to adverse weather in India, affecting supply and possibly continuing to push pepper prices up in the coming time.
