Pepper price today March 8, 2025: Pepper export price increased sharply

Domestic pepper price today

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 162,000 VND/kg.

Specifically, in Dak Nong province, pepper price is at 162,000 VND/kg. An increase of 500 VND/tael compared to yesterday.

In Gia Lai, pepper price is 159,000 VND/kg. Unchanged compared to yesterday.

In Dak Lak, pepper price is 161,500 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.

According to the latest report from Ptexim, in Dak Nong – a key pepper growing area in Vietnam, harvesting is going strong. However, many farmers are still holding on to their products, causing limited supply. In Dak Lak, the second largest producing area, the harvest season is expected to start in the next 2-3 weeks, raising concerns about short-term supply.

Competition from other crops such as coffee and durian continues to discourage farmers from selling pepper. They also tend to store their products at home instead of sending them to agents as before. This makes trading in the market more limited than in previous years.

However, with the harvest in Dak Nong accelerating and Dak Lak preparing for the season, supply is expected to be more abundant in the coming time. If demand from the international market does not improve, pepper prices may come under downward pressure in the coming weeks.

World pepper price today

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 8 (local time) as follows:

Indonesia's Lampung black pepper price unexpectedly decreased compared to yesterday at 7,376 USD/ton (down 0.12%). Similarly, Muntok white pepper price decreased slightly compared to yesterday at 10,242 USD/ton (down 0.13%).

Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $6,850/mt.

The price of Malaysian ASTA black pepper increased slightly compared to yesterday, currently at 9,800 USD/ton (up 1.03%). In addition, the price of ASTA white pepper of this country also remained the same compared to yesterday, reaching 12,300 USD/ton (up 0.82%).

Prices of all types of pepper in Vietnam increased sharply compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 7,000 USD/ton (up 1.45%); 550 gr/l reached 7,200 USD/ton (up 1.41%).

Similarly, Vietnam's white pepper price increased sharply compared to yesterday, reaching 10,000 USD/ton (up 1.01%).

By the end of February 2025, Vietnam had exported 27,416 tons of pepper, of which black pepper accounted for 22,360 tons and white pepper reached 5,056 tons. The total export turnover reached 184.9 million USD, of which white pepper contributed 37 million USD.

Although export volume decreased by 11.9% compared to the same period in 2024, turnover increased sharply by 48.1%. The average export price of black pepper reached 6,648 USD/ton, while white pepper was priced at 8,501 USD/ton.

The US remained the largest export market for Vietnamese pepper with 5,890 tonnes, down 32.7% year-on-year. Germany came in second with 1,815 tonnes, up 4.4%, followed by India with 1,716 tonnes, down 20.9%. Among the top exporters, Nedspice Vietnam exported 2,948 tonnes (down 17.1%), Olam Vietnam exported 2,926 tonnes (down 9.4%) and Phuc Sinh exported 2,115 tonnes (up 21.3%).

In contrast, Vietnam imported 4,746 tons of pepper, including 2,469 tons of black pepper and 2,277 tons of white pepper, with a total turnover of 26.8 million USD. Compared to the same period in 2024, the import volume increased by 11.4% and the turnover increased by 74.1%. Indonesia was the largest supplier with 2,730 tons, up 493.5%, while Brazil ranked second with 1,302 tons, down 55.2%.