Pepper price today March 3, 2025: Pepper export price increased sharply
Today, March 3, domestic pepper prices are at 157,000 - 159,000 VND/kg. A decrease of 2,000 - 3,000 VND/kg compared to last week. Meanwhile, export pepper prices have increased sharply in the past week.
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 159,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 159,000 VND/kg. Unchanged compared to yesterday.
In Gia Lai, pepper price is 157,000 VND/kg. Unchanged compared to yesterday.
In Dak Lak, pepper price is 159,000 VND/kg. Unchanged compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 158,000 VND/kg. Unchanged compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 157,000 VND/kg. No change compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 157,000 VND/kg.
Overall, last week, pepper prices in key producing provinces and cities continued to decrease from VND2,000/kg to VND3,000/kg.
Currently, the price of black pepper in Dak Lak and Dak Nong provinces has decreased by 3,000 VND/kg compared to last week. In Binh Phuoc province, the price of pepper has decreased by 2,000 VND/kg in the past week. In other localities such as Ba Ria - Vung Tau, Dong Nai and Gia Lai, the price of pepper has also decreased by 3,000 VND/kg to 157,000 VND/kg.
Thus, pepper prices have reversed after 3 consecutive weeks of increase after the Lunar New Year holiday. The reason is believed to be due to the supply from the new crop starting to enter the market.
World pepper prices today
In the world market, based on quotes from export enterprises and export prices in countries, the International Pepper Association (IPC) updated the pepper prices of all types traded in the international market on March 3 (local time) as follows:
Indonesia's Lampung black pepper price remained unchanged from yesterday at $7,235 per ton. Meanwhile, Muntok white pepper price also remained unchanged from yesterday at $9,959 per ton.
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 6,850/mt.
Malaysia’s ASTA black pepper price is stable compared to yesterday at USD 9,500/ton. In addition, the country’s ASTA white pepper price is also stable compared to yesterday at USD 12,000/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 6,900 USD/ton; 550 gr/l reached 7,100 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at USD 9,900/ton.
According to the latest data from the General Department of Customs, Vietnam's pepper exports in January 2025 had many notable fluctuations. Although export volume decreased sharply, the total value still grew impressively, reflecting higher prices on the international market.
Specifically, in January 2025, Vietnam exported 12,958 tons of pepper, reaching 87 million USD. Compared to the same period last year, the export volume decreased by 25.9%, but the turnover increased by 25.1%. This shows that the average export price of pepper has increased significantly, reaching 6,755 USD/ton, 68% higher than in January 2024. The sharp increase in prices has helped the pepper industry maintain high revenue, despite the decrease in export output.
Vietnam’s pepper industry is facing a great opportunity to break through and possibly set a new record in export value in 2025. According to the Vietnam Pepper and Spice Association (VPSA), global pepper output continues to decrease, while consumption demand remains stable. This is an important factor helping Vietnam’s pepper exports benefit from high prices.
With the current export price having increased by 68% compared to last year, VPSA believes that 2025 will be a favorable year for the pepper industry. The association forecasts that if this trend continues, the total export value of Vietnam's pepper could reach 1.5 billion USD, a record figure in the industry.
Despite the decrease in output, the market is still creating favorable conditions for Vietnamese pepper to assert its position in the international market. Maintaining high prices will be the key factor helping the industry continue to develop in the coming time.
