Pepper price today March 24, 2025: Slight increase last week

Pepper price today March 24, 2025 in the domestic market

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 160,500 VND/kg.

Specifically, in Dak Nong province, pepper price is at 160,500 VND/kg. Unchanged compared to yesterday.

In Gia Lai, pepper price is 159,000 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 159,000 VND/kg. Unchanged compared to yesterday.

In Ba Ria - Vung Tau, pepper price today is at 159,000 VND/kg. No change 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 today in the domestic market increased by 1,000 to 1,500 VND/kg compared to a week ago.

Specifically, pepper prices in Dak Nong province increased by 1,500 VND/kg compared to last week. This was followed by pepper prices in Dak Lak province which increased by 1,000 VND/kg. Similarly, pepper prices last week in Gia Lai, Ba Ria – Vung Tau, Binh Phuoc and Dong Nai provinces all increased by 1,000 VND/kg.

Pepper price today March 24 in the world market

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 24 (local time) as follows:

Indonesia’s Lampung black pepper price remained unchanged from yesterday at $7,267 per tonne. Similarly, Muntok white pepper price also remained unchanged from yesterday at $10,207 per tonne.

Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 7,000/mt.

Malaysia’s ASTA black pepper price remained unchanged from yesterday at $9,900/ton. Meanwhile, the country’s ASTA white pepper price also remained unchanged from yesterday at $12,400/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.

In the international market, pepper prices also tend to increase in major exporting countries. Specifically, black pepper prices in Vietnam, Brazil and Malaysia all increased by 100 USD/ton. Indonesia alone recorded a slight increase of 2 USD/ton.

While black pepper prices increased, white pepper prices fluctuated in opposite directions last week. Indonesian Muntok white pepper decreased slightly by 0.44%, while Malaysian and Vietnamese white pepper both increased by 100 USD/ton.

In India, pepper production is expected to fall sharply this year in key growing regions like Chikkamagaluru and Hassan due to adverse weather conditions. Factors such as lack of rain during flowering, heavy rains during the monsoon, heat and low humidity have damaged pepper vines, leading to a drop in production. Many farmers said they have lost 20 to 40 percent of their output compared to last year.

In addition, root rot and stem borer diseases continue to cause damage, while poor water management and lack of irrigation systems further aggravate the situation. However, many farmers still expect pepper prices to remain high thanks to the global production decline.

According to forecasts, Sri Lanka's pepper output in 2025 may decrease to 14,000 tons, much lower than the 20,000 tons in 2024. This shows that supply in major exporting countries is facing challenges, contributing to maintaining the trend of high world pepper prices in the coming time.