Pepper price today March 1, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 1.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on March 1, 2025 as follows: Domestic pepper price decreased slightly compared to the previous trading session, a decrease of 1,000 VND/kg in all localities. Currently, the average pepper purchase price in key areas is 156,800 VND/kg.
Specifically, today's pepper price in Gia Lai province decreased by 1,000 VND/kg compared to the previous trading session, currently the pepper purchasing price in this locality is at 156,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc provinces also decreased by VND1,000/kg. Currently, traders are purchasing pepper in these two localities at VND156,000/kg.
Pepper prices in Dak Lak and Dak Nong provinces fluctuated downward, the corresponding decrease was 1,000 VND/kg and the current pepper purchase price in these two localities is 158,000 VND/kg.
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| Domestic pepper price updated on March 1, 2025 |
According to the Vietnam Pepper and Spice Association (VPSA), with the current pepper export price increasing by 68% compared to the same period last year, it is predicted that Vietnam's pepper exports in 2025 will achieve impressive achievements, possibly surpassing the record mark of 1.5 billion USD.
Currently, the key pepper growing areas have begun harvesting, but the progress is slower than previous years due to the impact of the weather. The 2025 pepper crop is expected to last longer, with the peak harvest in late March or early April 2025. Meanwhile, consumption demand in the US, EU and China is still quite slow, as the supply from the old harvest is almost exhausted and the new crop arrives later than expected.
Forecasting for 2025, China is expected to increase pepper purchases as soon as Vietnam enters its main harvest in 2025. Meanwhile, the US may buy more slowly due to remaining inventory from 2024. In addition, Vietnamese pepper will also face competitive pressure from other producing countries.
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| Farmers in Dak Nong province harvest pepper |
The Vietnam Pepper and Spice Association (VPSA) estimates that US pepper demand in 2024 is expected to increase by only 5%. However, due to concerns about high prices, importers have increased purchases for storage, causing actual purchases to increase by 30-40%. As a result, farmers and pepper storage units have the opportunity to sell at high prices right from the beginning of the season and earn good profits.
Meanwhile, many export businesses encountered difficulties due to early sales under long-term contracts with American customers. When the time came for delivery, pepper prices increased sharply, causing them to suffer heavy losses.
This is an important lesson in market assessment, especially when the US market tends to sign long-term purchase contracts, while Vietnamese businesses often sell first and then buy goods for later delivery. This shows the need for supply chain integration and more accurate price forecasting.
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| Lush green pepper gardens, full of fruit, are grown in Dak Nong province. |
World pepper price today
Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on March 1, 2025 as follows: the pepper market is bustling, with sharp increases and decreases in prices between countries. In particular, pepper prices in Malaysia suddenly increased, by 200 USD/ton; on the contrary, pepper prices in Indonesia decreased for the second consecutive session, by 63-88 USD/ton; markets in other countries are stable and anchored at high levels.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,235 USD/ton (down 63 USD/ton); Muntok white pepper is currently purchased at 9,959 USD/ton (down 88 USD/ton).
The Malaysian pepper market suddenly turned around and increased sharply, after previous flat sessions, the current price of Malaysian ASTA black pepper is purchased at 9,700 USD/ton (up 200 USD/ton) and the price of ASTA white pepper is at 12,200 USD/ton (up 200 USD/ton).
Pepper prices in Brazil, after a slight increase in the previous session, also tend to stabilize, with the current purchase price reaching 6,850 USD/ton.
Vietnam's pepper export market is stable and slightly decreasing. Specifically, the export price of Vietnam's black pepper is currently at 6,900 USD/ton for 500 g/l; 550 g/l is at 7,100 USD/ton; the price of white pepper is at 9,900 USD/ton.
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| Update world pepper prices today March 1, 2025 |
According to data from the United States International Trade Commission (USITC), the United States is the world's largest pepper importer with a total of 97,974 tons, worth 540.45 million USD. Of which, Vietnam is the largest supplier, accounting for 77.2% of total import volume and 76.8% of total value.
Source: https://congthuong.vn/gia-tieu-hom-nay-132025-trong-nuoc-giam-nhe-376180.html
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