Pepper price today March 21, 2025: Southeast region slightly increased
Today's domestic pepper price, March 21, is at 159,500 - 160,000 VND/kg. Pepper price 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 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 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. Slightly increased by 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 progress is slower than usual as farmers let peppers ripen longer to increase the weight and value of the product before selling.
Exporters and traders are now actively building up their reserves in anticipation of rising prices. However, they are facing financial challenges as high interest rates reduce their 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 prices today
In the world market, based on quotes from exporting 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 21 (local time) as follows:
Indonesia’s 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 Vietnamese pepper remained unchanged compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 7,100 USD/ton; 550 gr/l reached 7,300 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at USD 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 include the US (1,268 tons), India (649 tons) and Germany (638 tons).
Regarding export enterprises, Nedspice leads 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 delaying imports in major markets and competition between Vietnamese export enterprises also affects prices.
