Pepper price today March 21, 2025: Southeast region increased slightly
Today's domestic pepper price, March 21, is at 159,500 - 160,000 VND/kg. Pepper prices increased slightly by 500 VND/kg in the Southeast compared to yesterday. Current weather conditions are quite favorable for the pepper harvest season.
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 160,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 160,000 VND/kg. Unchanged compared to yesterday.
In Gia Lai, pepper price is 159,500 VND/kg. Unchanged compared to yesterday.
In Dak Lak, pepper price is 160,000 VND/kg. Unchanged compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 159,500 VND/kg. A slight increase of 500 VND/kg compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 159,500 VND/kg. Slightly increased by 500 VND/kg compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 159,500 VND/kg.
Current weather conditions are quite favorable for the pepper harvest season. Dak Nong and Lam Dong have harvested about 50% of the area, Gia Lai reached 40%, Dak Lak 20%, while the Southeast region such as Dong Nai, Binh Phuoc and Ba Ria - Vung Tau reached about 30%.
This year, the harvest is slower than usual as farmers let peppers ripen longer to increase the weight and value of the product before selling.
Currently, exporters and traders are actively building up their reserves to anticipate the possibility of price increases. However, they are facing many financial challenges due to high interest rates reducing profits.
In addition, cash flow during the purchasing season is also difficult, limiting many businesses' access to capital, affecting purchasing and storage activities.
World pepper price today
In the world market, based on quotes from export enterprises and export prices in countries, the International Pepper Association (IPC) updated the pepper prices of all types traded in the international market on March 21 (local time) as follows:
Indonesian Lampung black pepper prices remained unchanged from yesterday at $7,255 per tonne. Similarly, Muntok white pepper prices remained unchanged from yesterday at $10,190 per tonne.
Brazilian black pepper ASTA 570 price increased slightly compared to yesterday at 7,000 USD/ton (up 1.43%).
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 remained unchanged compared to yesterday. Of which, the price of 500 gr/l black pepper in Vietnam reached 7,100 USD/ton; 550 gr/l reached 7,300 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at $10,100/ton.
According to the Vietnam Pepper and Spice Association (VPSA), in the first 15 days of March, Vietnam exported 7,139 tons of pepper, reaching a total turnover of 49.1 million USD. The largest export markets included the US (1,268 tons), India (649 tons) and Germany (638 tons).
Regarding export enterprises, Nedspice led with 860 tons (accounting for 12% market share), followed by Olam Vietnam (853 tons, 11.9%) and Phuc Sinh (475 tons, 6.7%).
In the opposite direction, during the same period, Vietnam imported 1,731 tons of pepper, with a turnover of 10.3 million USD. The import supply mainly came from Brazil (67.4%, 1,167 tons) and Indonesia (22.9%, 397 tons). Major importing enterprises include Nedspice, Olam and Lien Thanh.
Currently, the Chinese market is still hesitant to buy, putting pressure on domestic pepper prices. In addition, the trend of delayed imports in major markets and competition among Vietnamese export enterprises also affect prices.
