Pepper prices today, March 7, 2025: Continuing to rise
Today, March 7th, domestic pepper prices are at 159,000 - 161,500 VND/kg. This represents a further increase of 500 to 1,000 VND/kg compared to yesterday. Domestic pepper prices have been rising continuously throughout the past week.
Domestic pepper prices today
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 161,500 VND/kg.
Specifically, in Dak Nong province, the price of pepper is 161,500 VND/kg, an increase of 500 VND/kg compared to yesterday.
In Gia Lai, the price of pepper is 159,000 VND/kg, a sharp increase of 1,000 VND/kg compared to yesterday.
In Dak Lak, the price of pepper is 161,500 VND/kg, a sharp increase of 1,000 VND/kg compared to yesterday.
In Binh Phuoc and Dong Nai provinces, the price of pepper today is 159,000 VND/kg, an increase of 1,000 VND/kg compared to yesterday.
In Ba Ria - Vung Tau, the price of pepper today is 159,000 VND/kg, an increase of 1,000 VND/kg compared to yesterday.
Thus, the lowest price for pepper in the domestic market today is 159,000 VND/kg.
Aware of the opportunities and challenges ahead, Vietnam's pepper industry is stepping up green production. The Vietnam Pepper and Spice Association reports that the industry is focusing on developing sustainable raw material areas, achieving important certifications required by the EU, the US, and Japan. Simultaneously, training programs for farmers and preferential policies for transitioning to green production models are also being implemented.
Collaboration between public and private organizations in research on new plant varieties, processing technologies, and post-harvest preservation is helping to improve product quality, reduce losses, and protect the environment.
Although pepper cultivation accounts for only 15% of coffee cultivation and 12% of rubber cultivation, its export value reaches 23% of coffee and 38% of rubber. Experts suggest that instead of expanding cultivation area indiscriminately, focus should be placed on improving quality and promoting organic farming.
Currently, key pepper-growing regions such as Dak Nong, Dak Lak, and Binh Phuoc are developing according to VietGAP and GlobalGAP standards, aiming to achieve 5,000 hectares of organic pepper by 2030.
Today's world pepper prices
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 7th (local time) as follows:
Indonesian Lampung black pepper prices remained unchanged from yesterday at US$7,360/ton. Similarly, Muntok white pepper prices remained stable from yesterday at US$10,220/ton.
The price of Brazilian ASTA 570 black pepper remained unchanged from yesterday at $6,850 per ton.
Malaysian ASTA black pepper prices remained stable compared to yesterday, currently at US$9,700/ton. Additionally, the price of ASTA white pepper from the same country also remained unchanged compared to yesterday, at US$12,200/ton.
Prices for all types of Vietnamese pepper remained unchanged compared to yesterday. Specifically, the price of Vietnamese black pepper (500 gr/l) reached US$6,900/ton; and the price of black pepper (550 gr/l) reached US$7,100/ton.
Similarly, the price of Vietnamese white pepper remained unchanged from yesterday at $9,900 per ton.
The global market for spices and spice blends is experiencing strong growth. According to ITC forecasts, this market will grow by an average of 5.2% per year between 2025 and 2030. The trade value of the spice industry is estimated to reach nearly US$21 billion by 2025 and could hit US$27 billion by 2030.
Shifting consumer preferences and growing awareness of functional foods are driving the growth of the spice industry. Consumers prioritize not only convenience but also sustainability and novel flavors. In particular, they are willing to pay for premium, organic, and traceable spice products.
According to Mr. Prakash Jhanwer, Director of OFI (USA), Vietnam is currently a production center for many important agricultural products such as rice, coffee, and pepper. Among these, pepper is considered Vietnam's "black gold," with enormous growth potential.
The spice market continues to thrive as home cooking culture grows increasingly popular worldwide. This has led to a significant increase in retail sales of spices, creating further opportunities for the spice manufacturing and export industry.
