Pepper price today March 22, 2025: Slight decrease again
Today's domestic pepper price, March 22, is at 159,000 - 160,000 VND/kg. Pepper price decreased slightly by 500 VND/kg compared to yesterday. World pepper price is predicted to continue to increase.
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 159,000 VND/kg. A slight decrease of 500 VND/kg 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 159,000 VND/kg. A slight decrease of 500 VND/kg compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 159,500 VND/kg. A slight decrease of 500 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.
Vietnam's pepper and spice industry continues to affirm its important role in the international market with positive export achievements. To maintain sustainable development, the Ministry of Agriculture and Environment has developed a Project to develop key industrial crops, including pepper, with a vision to 2030.
According to the plan, the pepper growing area nationwide will be adjusted down to about 80,000 - 100,000 hectares. The target by 2030 is to achieve a yield of 24 - 25 quintals/hectare, with an output of about 200,000 - 300,000 tons. About 40% of the pepper growing area will meet GAP standards or equivalent, and about 40 - 50% will be given a growing area code to serve traceability.
In addition, the industry will also focus on developing pepper growing areas in an organic direction and according to international standards such as VietGAP, GlobalGAP in key areas such as Dak Nong, Dak Lak, Binh Phuoc, Gia Lai, Dong Nai, Ba Ria - Vung Tau.
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 22 (local time) as follows:
Indonesia’s Lampung black pepper prices decreased slightly from yesterday at USD 7,267/ton (down 0.12%). Similarly, Muntok white pepper prices remained unchanged from yesterday at USD 10,207/ton (down 0.12%).
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 7,000/mt.
The price of Malaysian ASTA black pepper increased slightly compared to yesterday, currently at 9,900 USD/ton (up 1.01%). In addition, the price of ASTA white pepper of this country also increased slightly compared to yesterday, reaching 12,400 USD/ton (up 0.81%).
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.
In the first 15 days of March 2025, Vietnam exported 7,139 tons of pepper, reaching a total turnover of 49.1 million USD. The three largest markets for Vietnamese pepper during this period were the United States (1,268 tons), India (649 tons) and Germany (638 tons).
In the opposite direction, Vietnam also imported 1,731 tons of pepper, worth 10.3 million USD. Of which, the main import source came from Brazil, accounting for 67.4% with 1,167 tons, followed by Indonesia with 397 tons, accounting for 22.9%.
In the short term, domestic pepper prices are forecast to decrease slightly due to the main harvest season and local supply increases. However, in the international market, pepper prices are expected to continue to increase due to high demand and limited global supply.
