Pepper prices today, March 26, 2025: Sudden sharp drop.

Today's pepper prices in the domestic market (March 26, 2025)

The highest pepper purchase price recorded in key pepper-growing regions (Dak Lak, Lam Dong, Gia Lai, Dak Nong, Ba Ria - Vung Tau, Binh Phuoc) was 157,000 VND/kg.

Specifically, in Dak Nong province, the price of pepper is 157,000 VND/kg, a sharp decrease of 3,500 VND/kg compared to yesterday.

In Gia Lai, the price of pepper is 156,000 VND/kg, a decrease of 3,000 VND/kg compared to yesterday.

In Dak Lak, the price of pepper is 157,000 VND/kg, a decrease of 3,000 VND/kg compared to yesterday.

In Binh Phuoc and Dong Nai provinces, the price of pepper today is 156,000 VND/kg, a decrease of 3,000 VND/kg compared to yesterday.

In Ba Ria - Vung Tau, the price of pepper today is 156,000 VND/kg, a decrease of 3,000 VND/kg compared to yesterday.

Thus, the lowest price for pepper in the domestic market today is 156,000 VND/kg.

Domestic pepper prices have increased by 68.4% compared to the same period last year, when prices were only around 95,000 VND/kg. The high price of pepper, coupled with a decrease in export volume, indicates that supply in 2025 is significantly lower than the previous year.

In Dak Nong – the largest pepper-growing region in the country – despite the ongoing harvest, farmers are holding onto their stock and are not in a hurry to sell, leading to limited supply on the market. In Dak Lak, the second-largest producer, the harvest is expected to begin within the next 2-3 weeks, causing market concerns about short-term supply pressure.

According to Ptexim's survey, Dak Nong has completed harvesting approximately 70% of its rice crop. Lam Dong has harvested 60%, Dak Lak about 40%, while Gia Lai, Binh Phuoc, Dong Nai, and Ba Ria - Vung Tau have reached about 50%.

Although more than half of the crop has been harvested in many areas, farmers continue to hoard their produce due to expectations of further price increases. This has resulted in less pepper being stockpiled by businesses and traders, thus limiting the possibility of price manipulation as in previous years. In the long term, the pepper market remains positively assessed thanks to high consumption demand and expectations that China will soon increase imports again.

In the short term, domestic pepper prices may decrease slightly due to the peak harvest season and a temporary increase in supply. However, international pepper prices are predicted to maintain an upward trend as global supply has not improved significantly and demand in many markets remains strong.

Today's pepper prices (March 26th) on the world market.

On the world market, based on quotations from exporting companies and export prices in various countries, the International Pepper Association (IPC) has updated the prices of various types of pepper traded on the international market on March 26 (local time) as follows:

Indonesian Lampung black pepper prices remained stable compared to yesterday at US$7,241/ton. Similarly, Muntok white pepper prices were unchanged from yesterday at US$10,069/ton.

The price of Brazilian ASTA 570 black pepper remained unchanged from yesterday at $7,000 per ton.

Malaysian ASTA black pepper prices remained unchanged from yesterday at US$9,900/tonne. Additionally, the price of ASTA white pepper from the same country also stayed the same as yesterday at US$12,400/tonne.

Prices for all types of Vietnamese pepper remained unchanged compared to yesterday. Specifically, the price of Vietnamese black pepper (500 gr/l) reached US$7,100/ton; and the price of black pepper (550 gr/l) reached US$7,300/ton.

Similarly, the price of Vietnamese white pepper remained unchanged from yesterday at $10,100 per ton.

According to the latest report from Ptexim, the week of March 16-23 saw improved demand in regions such as the EU, the US, and some Asian countries. Conversely, the Chinese market has not yet shown much positive change.

It is projected that Vietnam will only export about 16,000–18,000 tons of pepper in March, bringing the total export volume for the first quarter of 2025 to approximately 43,000 to 45,000 tons – the lowest level in the past six years. Part of the reason is that this year's harvest started late, coupled with farmers' reluctance to sell at the present time.

Faced with domestic shortages, many processing businesses have increased pepper imports from other countries. According to data from Comexstat, Brazil exported 12,200 tons of pepper in the first two months of the year, earning $76.37 million, a slight increase in volume but a significant 92% increase in value compared to the same period last year.

Vietnam is currently Brazil's largest pepper import market, with 4,203 tons worth US$25.9 million in the first two months of the year, a 52.7% increase in volume and nearly three times in value. Vietnam's market share in Brazil's pepper exports also increased sharply, from 23.1% to 34.4%.