Pepper price today March 29, 2025: Indonesian pepper price increased slightly
Today's domestic pepper price, March 29, is at 159,000 - 160,000 VND/kg. Pepper prices continue to remain unchanged compared to yesterday. Indonesian pepper prices increased slightly by 0.14% compared to yesterday.
Pepper price today March 29, 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 160,000 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. 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. Continues to stay the same compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 159,000 VND/kg. Same as yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 159,000 VND/kg.
Domestic pepper prices are forecast to continue to increase in the coming time, as demand from major markets such as the US and EU remains high. Although output in key growing areas such as the Central Highlands remains stable, farmers’ hoarding mentality has limited pepper sales, contributing to keeping prices high.
Currently, many export enterprises are increasing purchases to complete orders to Europe and the US. Although this year's pepper output may be higher than last year, the fact that people are holding back the goods has caused the actual supply in the market to still be in short supply.
In recent years, the Vietnamese pepper industry has undergone many positive changes. Farmers are increasingly focusing on clean and organic production, while strengthening production links along the value chain. These changes not only improve product quality but also help Vietnamese pepper meet strict export standards.
However, pepper cultivation still faces many risks. In 2024, erratic weather caused severe drought, affecting productivity. Many pepper gardens flowered and bore fruit unevenly, leading to a decrease in total output.
Pepper price today March 29 in the world market
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 29 (local time) as follows:
Indonesia’s Lampung black pepper prices increased slightly from yesterday at $7,239 per ton (up 0.14%). Similarly, Muntok white pepper prices increased slightly from yesterday at $10,066 per ton (up 0.14%).
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 consumption demand remains high, while supply from major producing countries such as Brazil and Indonesia is facing difficulties due to unfavorable weather conditions. This is forecast to create pressure causing global pepper prices to continue to stay high in the coming time.
According to forecasts from Nedspice, global pepper output in 2023 will only reach 520,000 tons, while consumption demand will reach 530,000 tons, causing inventories to shrink.
The shortage may continue this year if the weather continues to be unfavorable in major producing countries. In addition, if China resumes strong imports soon, pepper prices are likely to increase sharply in the second quarter of 2025.
