Agricultural product prices on March 30, 2025: Coffee slightly decreased, pepper remained high

DNVN - On March 30, 2025, the agricultural market recorded a slight decrease in coffee prices compared to the previous trading session, with a decrease of 100 VND/kg depending on the region. Meanwhile, pepper remained high, with the average purchase price in key localities reaching 159,400 VND/kg.

Coffee prices fell slightly

On the London exchange, at 5:00 a.m. on March 30, 2025, Robusta coffee prices remained unchanged from the previous session, continuing to fluctuate between 5,202 and 5,409 USD/ton. Specifically, the contract price for delivery in May 2025 reached 5,337 USD/ton; July 2025 recorded 5,354 USD/ton; September 2025 was at 5,314 USD/ton and November 2025 stopped at 5,231 USD/ton.

On the New York Stock Exchange, Arabica coffee prices remained stable early on March 30 after the previous price increase, trading in the range of 362.25 - 384.80 cents/lb. Of which, the May 2025 contract reached 379.95 cents/lb; July 2025 was at 376.40 cents/lb; September 2025 recorded 371.60 cents/lb and December 2025 stopped at 364.50 cents/lb.

The trading session ended with little fluctuation in Brazilian Arabica coffee prices, with a stable trend between terms, remaining in the range of 453.75 - 485.40 USD/ton. Specifically, the May 2025 contract was priced at 485.50 USD/ton; July 2025 reached 473.50 USD/ton; September 2025 traded at 466.50 USD/ton and December 2025 at 455.05 USD/ton.

Domestic coffee prices

Updated at 5:00 a.m. this morning, March 30, 2025, domestic coffee prices in the Central Highlands region decreased slightly by 100 VND/kg compared to the previous session, the average purchase price reached 132,200 VND/kg.

Specifically, coffee prices in Dak Lak are at 132,300 VND/kg; Lam Dong recorded a price of 131,200 VND/kg; Gia Lai maintained at 132,200 VND/kg, while Dak Nong had a price of 132,300 VND/kg.

Commenting on the difference between London coffee prices and domestic prices, Mr. Thai Nhu Hiep, Vice President of VICOFA, said that these two markets operate relatively independently. He said: “When coffee prices are high, international roasters only buy when absolutely necessary. Even when domestic prices are lower than international floor prices, they are not in a hurry to import goods.”

Mr. Hiep also emphasized that in the past, the export price of coffee was often based on the London floor price after deducting transportation costs (called "backward price"), but this is no longer common. He said: "There was a time when the actual coffee price was traded at a higher level than the price on the London floor, due to the urgent needs of the buyer."

Pepper prices remain high

At 5:00 a.m. on March 30, 2025, the domestic pepper market was stable, unchanged from the previous session, remaining at a high level. Currently, the average pepper purchase price in key areas is 159,400 VND/kg.

In Gia Lai, pepper prices remained unchanged after the previous increase, currently at VND159,000/kg. Similarly, in Ba Ria - Vung Tau, pepper prices remained at VND159,000/kg.

Binh Phuoc continues to maintain the price at 159,000 VND/kg, with no adjustment compared to the previous session.

Pepper price in the Central Highlands

In Dak Lak province, pepper prices stabilized after the previous increase, currently recorded at 160,000 VND/kg.

Pepper prices in Dak Nong also remain high, with the current purchase price at 160,000 VND/kg.

World pepper prices are stable

Data from the International Pepper Community (IPC) at 5:00 a.m. on March 30, 2025 showed that global pepper prices did not fluctuate significantly compared to the previous session.

Currently, IPC lists the price of Indonesian Lampung black pepper at $7,239/ton, while Muntok white pepper is priced at $10,066/ton.

In Malaysia, pepper prices were stable, with ASTA black pepper trading at $9,900/tonne and ASTA white pepper at $12,400/tonne.

In Brazil, pepper prices stabilized after the previous increase, remaining at $7,000/ton.

Vietnam's pepper exports remain high, with 500 g/l black pepper reaching $7,100/ton, 550 g/l reaching $7,300/ton, while white pepper is trading at $10,100/ton.

Comments on pepper market

According to Korf Food Products BV (Netherlands), pepper prices in Vietnam continue to remain high despite the harvest season. Thanks to stable finances, farmers are now able to better stockpile goods, thereby being more proactive in selling to the market.

The current price of VND160,000/kg gives pepper growers no reason to sell at a lower price. This year's harvest is forecast to be only about 180,000 tons, and inventory levels are also lower than in previous years.

Market supply and demand situation

Regarding import demand, the market has not recorded significant fluctuations. In 2024, 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 is also in a state of low trade, but is forecast to increase purchases this year to meet domestic demand. Notably, the pepper harvest on Hainan Island, which began in June, may be affected by the impact of Typhoon Yagi in September 2024, leading to a decrease in output.

High pepper prices and rising financial costs have forced importers to purchase only sparingly. According to a report from Olam Food Ingredients (ofi), Vietnam is entering the peak harvest period with about 30% of the output harvested, but the pressure to sell to the market is still not great.

Farmers continue to hold on to their stocks because they have just had a successful coffee crop and expect pepper prices to increase even more. Meanwhile, the new pepper crop in Cambodia has begun trading but the volume of products brought to the market is not much, while Brazil and Indonesia are still in the off-season.

Lan Le (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-nong-san-ngay-30-3-2025-ca-phe-giam-nhe-ho-tieu-van-duy-tri-muc-cao/20250330100020929