Pepper price today March 17, 2025: Sharp decrease compared to last week
Today's domestic pepper price on March 17 is at 158,000 - 159,000 VND/kg. Pepper price has decreased sharply from 1000 to 3000 VND/kg compared to last week. World pepper price fluctuates in opposite directions in Indonesia and Brazil.
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 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 158,000 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 158,000 VND/kg. Unchanged compared to yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 158,000 VND/kg.
Pepper prices last week decreased by a total of 1,000 to 3,000 VND/kg compared to 159,000 to 162,000 VND/kg last week.
Specifically, pepper prices in Dak Nong province decreased the most last week, down 3,000 VND/kg. In addition, pepper prices in Dak Lak province also decreased 2,000 VND/kg compared to last week.
Pepper prices in other localities such as Gia Lai, Ba Ria - Vung Tau, Binh Phuoc and Dong Nai also decreased by 1,000 VND/kg.
According to the Import-Export Department (Ministry of Industry and Trade), the pepper harvest in Dak Nong province is going strong, but people still tend to hold on to their goods, causing limited supply. Meanwhile, in Dak Lak, the second largest pepper producing region in the country, the harvest is expected to take place in the next 2-3 weeks, raising concerns about short-term supply pressure.
According to VTV, pepper prices are currently fluctuating around VND160,000/kg, the highest level in nearly a decade. Export prices are also maintained at around USD7,000 - 7,200/ton, depending on the type.
With this price, farmers not only have higher income but also have the motivation to invest and take better care of their pepper gardens, thereby improving economic efficiency and stabilizing their lives. The increase in pepper prices also causes many people to choose to stockpile the product, helping to reduce the pressure to sell during the harvest season.
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 17 (local time) as follows:
Indonesia’s Lampung black pepper price remained unchanged from yesterday at $7,265 per tonne. Similarly, Muntok white pepper price remained unchanged from yesterday at $10,252 per tonne.
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $6,900/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 pepper in Vietnam are stable compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l is 7,000 USD/ton; 550 gr/l is 7,200 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at $10,000/ton.
Last week, world pepper prices fluctuated in Indonesia and Brazil, while remaining stable in Malaysia and Vietnam. Specifically, the price of Indonesian Lampung black pepper decreased by 1.5% (equivalent to 111 USD/ton) compared to the previous week. In contrast, the price of Brazilian ASTA 570 black pepper increased by 50 USD/ton last week.
Kuching Malaysian black pepper prices remained stable throughout the week. Similarly, Vietnam's export pepper prices also remained stable for 500 g/l and 550 g/l.
At the same time of survey, the price of Indonesian Muntok white pepper increased slightly by 10 USD/ton compared to last week. Meanwhile, Malaysian and Vietnamese ASTA white pepper remained stable.
According to the Vietnam Pepper and Spice Association (VPSA), in 2024, the US imported 97,974 tons of pepper, a sharp increase of 41.9% compared to 2023. This is also the highest import level ever of this country.
Vietnam remained the largest pepper supplier to the US, reaching 75,602 tonnes, accounting for 77.2% of total imports and up 41.8% year-on-year. Other countries such as India, Indonesia and Brazil accounted for only 3.8% - 7.9% of the US import market share.
VPSA forecasts that global pepper prices in 2025 will continue to remain high due to reduced supply, while demand in major markets such as the US and Europe remains stable. The food and spice processing industry will continue to be an important driving force for market development.