Pepper price today March 25, 2025: Pepper export price increased sharply
Today's domestic pepper price, March 25, is at 159,000 - 160,500 VND/kg. Pepper prices remain unchanged compared to yesterday. Pepper export prices increased by 66% over the same period.
Pepper price today March 25, 2025 in domestic market
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 160,500 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. Unchanged compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 159,000 VND/kg.
Experts say pepper prices could see major fluctuations this week. Although more new crop products have begun to hit the market, farmers’ desire to hold onto their products remains strong. People are selling in small quantities, limiting actual supply.
Pepper prices are at a high level, making businesses and traders not dare to stockpile as much as before, thereby reducing the possibility of price manipulation. In the long term, the outlook remains positive due to high demand and expectations that China will soon return to strong imports.
Currently, weather conditions in the main pepper growing areas are quite favorable, helping to speed up the harvest progress. Dak Nong and Lam Dong have harvested about 50% of the area, Gia Lai reached 40%, Dak Lak reached 20%, and the provinces in the Southeast such as Dong Nai, Binh Phuoc, Ba Ria - Vung Tau about 30%.
This year, farmers started harvesting later. Seeing the price trend upward, they let the pepper ripen longer to increase the weight and increase the value when selling.
In addition, thanks to income from other crops such as durian, coffee and avocado, many households are not under financial pressure and choose to keep their goods and only sell when they need money. They expect pepper prices to increase further in 2025 and 2026.
Pepper price today March 25 in the world market
In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Community (IPC) has updated the prices of pepper of all types traded in the international market on March 25 (local time) as follows:
Indonesia’s Lampung black pepper price decreased slightly compared to yesterday at USD 7,241/ton (down 0.36%). Similarly, Muntok white pepper price also decreased compared to yesterday at USD 10,069/ton (down 1.37%).
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $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 pepper in Vietnam 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 $10,100/ton.
According to the General Department of Customs, in the first 15 days of March, Vietnam exported 8,596 tons of pepper, earning nearly 60 million USD. Compared to the same period last year, the export volume decreased by more than 26%, but the value increased by nearly 19%. From the beginning of the year to mid-March, the export volume reached 35,802 tons, worth nearly 244 million USD, down 15.8% in volume but up nearly 40% in value compared to the same period in 2024.
The average export price of pepper from the beginning of the year to mid-March reached 6,813 USD/ton, up 66% compared to last year. In the first half of March alone, the export price increased to 6,958 USD/ton - the highest level in the past 9 years, since February 2017.
Faced with the prospect of high prices, traders and exporters are increasing their stockpiling. However, they are facing many difficulties due to high bank interest rates and limited warehouse space. Cash flow is also affected by the seasonal nature, especially during peak purchasing times like now.
