Pepper price today March 30, 2025: Sideways for 3 consecutive days
Today's domestic pepper price, March 30, is at 159,000 - 160,000 VND/kg. Pepper prices have remained unchanged for three consecutive days. Vietnamese farmers are still in no hurry to sell their new crop and are waiting for prices to increase further.
Pepper price today March 30, 2025 in domestic market
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 160,000 VND/kg.
Specifically, in Dak Nong province, pepper price is at 160,000 VND/kg. Unchanged compared to yesterday.
In Gia Lai, pepper price is 159,000 VND/kg. Unchanged compared to yesterday.
In Dak Lak, pepper price is 160,000 VND/kg. Unchanged compared to yesterday.
In Binh Phuoc and Dong Nai, pepper price today is at 159,000 VND/kg. Continues to remain unchanged compared to yesterday.
In Ba Ria - Vung Tau, pepper price today is at 159,000 VND/kg. Same as yesterday.
Thus, today's pepper price in the domestic market is currently at its lowest price of 159,000 VND/kg.
According to Korf Food Products BV (Netherlands), pepper prices in Vietnam remain high despite the harvest season. Farmers are now financially stable and have better storage capacity, so they are more proactive in selling.
Pepper prices remain stable at around 160,000 VND/kg, people have no reason to sell below this price. This year's crop output is forecast to only reach about 180,000 tons, inventory is lower than previous years.
Regarding the consumer market, demand has not changed much. Last year, the US imported nearly 100,000 tons of pepper from Vietnam, and currently has a large reserve, so there is no rush to buy more.
China has also been quiet but is expected to increase purchases this year due to higher domestic demand. In particular, the pepper harvest on Hainan Island (starting in June) is noteworthy, as the impact of Typhoon Yagi in September 2024 could reduce output.
High pepper prices and rising financial costs have forced businesses to buy sparingly. A report by Olam Food Ingredients (ofi) said Vietnam is entering the peak harvest period, with about 30% of the output harvested but selling pressure is not yet high.
Farmers are still holding on to their stocks due to a successful coffee season and the expectation that pepper prices will increase further. Meanwhile, the new pepper crop in Cambodia has started trading but the volume of goods brought to the market is still low, while Brazil and Indonesia are in the off-season.
Pepper price today March 30 in the world market
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 all types of pepper traded in the international market on March 30 (local time) as follows:
Indonesian Lampung black pepper prices remained unchanged from yesterday at $7,239 per tonne. Similarly, Muntok white pepper prices remained unchanged from yesterday at $10,066 per tonne.
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $7,000/mt.
Malaysia’s ASTA black pepper price remained unchanged from yesterday at $9,900/ton. Meanwhile, the country’s ASTA white pepper price also remained unchanged from yesterday at $12,400/ton.
Prices of all types of pepper in Vietnam remained unchanged compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 7,100 USD/ton; 550 gr/l reached 7,300 USD/ton.
Similarly, Vietnam's white pepper price remained unchanged from yesterday at $10,100/ton.
According to a report from Nedspice, global pepper production in 2025 is expected to decline sharply to only 434,000 tons due to reduced planting area and harsh weather conditions in India. Although Brazil is trying to make up for the shortfall, unfavorable weather conditions have resulted in production not meeting expectations.
Nedspice said that due to the continuous low supply compared to demand over the past many years, the possibility of pepper prices increasing rather than decreasing is higher. High prices also encourage farmers to invest in cultivation and improve productivity.
However, some factors such as changing demand from China or farmers' hoarding trends will significantly impact the market in the coming time. In addition, other crops such as durian and coffee are more attractive to growers due to high profits, which may put pressure on pepper production in the future.