Pepper price today March 11, 2025: Sharp decrease in series
Today's domestic pepper price, March 11, is at 157,000 - 159,300 VND/kg. Pepper price has dropped sharply from 2,000 to 2,700 VND/kg compared to yesterday. Unusual weather affects the global pepper crop.
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 159,300 VND/kg.
Specifically, in Dak Nong province, pepper price is at 159,300 VND/kg. A sharp decrease of 2700 VND/kg compared to yesterday.
In Gia Lai, pepper price is 157,000 VND/kg. Decreased 2,000 VND/kg compared to yesterday.
In Dak Lak, pepper price is 159,000 VND/kg. Decreased 2,000 VND/kg compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 157,000 VND/kg. Down 2,000 VND/kg compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 157,000 VND/kg. Down 2,000 VND/kg compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 157,000 VND/kg.
According to the Vietnam Pepper and Spice Association (VPSA), there are currently about 200 enterprises operating in the pepper processing and trading sector in the country. Of these, the top 15 enterprises account for 70% of the export volume. The Vietnamese pepper industry currently has 14 deep processing factories, with the participation of 5 foreign enterprises, holding nearly 30% of the export market share.
Vietnam's pepper processing technology has met the standards of major markets in the world. Many businesses have invested in modern processing plants, complying with international standards such as ASTA, ESA, JSSA, helping to diversify products. Product lines include black pepper, whole white pepper, ground pepper and small packaged pepper, meeting global consumer demand.
According to VPSA’s assessment, the current high pepper prices will encourage farmers to increase production, improving productivity per hectare in the coming years. However, as new planting areas take time to produce, Vietnam’s pepper industry is unlikely to recover significant output in the short term.
World pepper prices today
In the world market, based on quotes from export 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 11 (local time) as follows:
Indonesia’s Lampung black pepper price remained unchanged from yesterday at $7,376 per tonne. Similarly, Muntok white pepper price decreased slightly from yesterday at $10,242 per tonne.
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 6,850/mt.
Malaysia’s ASTA black pepper price remained unchanged from yesterday at $9,800/ton. Meanwhile, the country’s ASTA white pepper price also remained unchanged from yesterday at $12,300/ton.
Prices of all types of Vietnamese pepper remained stable compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 7,000 USD/ton; 550 gr/l reached 7,200 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at 10,000 USD/ton.
At the Vietnam Pepper and Spices 2025 International Conference, Mr. Jos van Gulick, General Director of Nedspice Vietnam, said that unusual weather is affecting crops in many major pepper growing countries such as Brazil, India and China. Therefore, global output in 2025 is expected to continue to decrease, to only about 434,000 tons. Meanwhile, inventories are also falling to new lows, making pepper prices likely to continue to increase.
According to Mr. Jos van Gulick, the demand for pepper is still stable and significantly higher than the supply. This makes it difficult for pepper prices to decrease sharply in the near future. Although the current price can help slow down the decline in production, it will take time for the impact to be clear.
In Vietnam alone, the current price level is not enough to strongly promote the expansion of pepper growing areas. The reason is that other crops such as durian still bring higher profits, making many farmers reluctant to expand pepper growing areas. To maintain Vietnam's leading position in the pepper industry, government support and industry policies may be necessary.