Pepper price today March 11, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 11.
Domestic pepper prices fell sharply today.
Today's pepper price was updated at 4:30 a.m. on March 11, 2025 as follows: Domestic pepper prices suddenly turned around and dropped sharply, down from 2,000 - 2,700 VND/kg compared to the most recent trading session. Currently, the average pepper purchase price in key areas is 157,900 VND/kg.
Specifically, today's pepper price in Gia Lai province turned to decrease sharply, down 2,000 VND/kg, currently the pepper purchase price in this locality is at 157,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc also decreased by 2,000 VND/kg, currently the pepper purchasing price in these two localities is at 157,000 VND/kg.
Pepper prices in Dak Lak province also followed the downward trend, down 2,000 VND/kg compared to the most recent trading session, currently pepper prices in this locality are at 159,000 VND/kg.
Pepper prices in Dak Nong province have decreased the most, by 2,700 VND/kg, currently the pepper price is purchased at 159,300 VND/kg.
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| Domestic pepper prices updated on the morning of March 11, 2025 |
Many experts believe that limited supply due to adverse weather, reduced inventories and changes in farming models in major producing countries have contributed to the increase in pepper prices. However, on the first day of the week (March 10, 2025), pepper prices suddenly turned around and dropped sharply, averaging a sharp decrease of VND 2,100/kg. Currently, the purchase price fluctuates between VND 157,000 - 159,300/kg. The average pepper purchase price nationwide is at VND 157,900/kg. It is forecasted that the decrease in pepper prices is only temporary and short-term.
The Vietnamese pepper market in early 2025 is witnessing many fluctuations as farmers continue to limit sales, expecting prices to increase. Although harvesting activities are taking place strongly in key growing areas, most of the output is still retained instead of being brought to the market, reducing transaction volume.
Currently, pepper inventories in Vietnam and the world have nearly hit rock bottom, so in 2025, experts predict that pepper prices will remain high and gradually increase. The two main consumption markets in the world are still the US and China, which are also the two markets that Vietnamese pepper focuses on exploiting.
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| Farmers in Gia Lai province harvest pepper. |
According to the Vietnam Pepper and Spice Association (VPSA), the demand for spices in the world is increasing strongly, especially in the US. The retail value of spices in this country increased from 5 billion USD before the pandemic to 7 billion USD in the past year. This trend is driven by the need to cook at home and the popularity of Asian and Mexican cuisine.
Vietnam continues to maintain its position in the pepper and spice industry thanks to proactive market research and investment in processing technology. Currently, Vietnamese spice products are present in many major markets such as India, Europe and the US. In particular, Vietnamese pepper plays an important role in Chinese restaurants, where spiciness is an indispensable element.
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| Lush green pepper gardens are grown in Gia Lai province. |
World pepper prices today remain stable, increasing slightly.
Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on March 11, 2025 as follows: the market remains stable, unchanged compared to yesterday; in addition, pepper prices in Brazil have increased slightly after a period of stability.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,376 USD/ton; Muntok white pepper is currently purchased at 10,242 USD/ton.
The Malaysian pepper market stabilized after the previous price increase, currently the price of Malaysian ASTA black pepper is purchased at 9,800 USD/ton and the price of ASTA white pepper is at 12,300 USD/ton.
Pepper prices in Brazil increased slightly after a long period of stable prices, currently the purchase price reached 6,900 USD/ton.
Vietnam's pepper export market is stable and increasing slightly. Specifically, the export price of Vietnam's black pepper is currently at 7,000 USD/ton for 500 g/l; 550 g/l is at 7,200 USD/ton and the price of white pepper is at 10,000 USD/ton.
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| Update world pepper prices today March 11, 2025 |
In the first two months of 2025, the US continued to be the largest export market for Vietnamese pepper, reaching 5,890 tons, down 32.7% over the same period in 2024 and accounting for 21.5% of the market share. Next was Germany with 1,815 tons, up 4.4% and accounting for 6.6%; India: 1,716 tons, down 20.9% and accounting for 6.4%; in particular, the Chinese market reached 1,523 tons, up 86.6% and accounting for 5.6%; the UAE also increased by 21.9%, reaching 1,480 tons.
Source: https://congthuong.vn/gia-tieu-hom-nay-1132025-trong-nuoc-giam-manh-377670.html
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