Pepper price today March 13, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 13.
Domestic pepper prices today bounced back up.
Today's pepper price was updated at 4:30 a.m. on March 13, 2025 as follows: Domestic pepper prices suddenly increased compared to yesterday, an increase of 1,500 - 2,500 VND/kg. Currently, the average pepper purchase price in key areas is 159,600 VND/kg.
Specifically, today's pepper price in Gia Lai province suddenly increased again compared to yesterday, an increase of 1,500 VND/kg, currently the pepper purchase price in this locality is at 158,500 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau increased compared to yesterday, an increase of 2,000 VND/kg, currently pepper prices are purchased by traders at 159,000 VND/kg.
Pepper price in Binh Phuoc province increased by 2,000 VND compared to the previous trading session, currently pepper price is purchased at 159,000 VND/kg.
Pepper prices in Dak Lak province continued to increase by VND 2,000/kg compared to the previous slight decrease, currently pepper prices in this locality are at VND 160,500/kg.
Pepper prices in Dak Nong province increased the most, by 2,500 VND/kg. Currently, the pepper purchase price in this locality is the highest in the country, at 161,000 VND/kg.
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| Domestic pepper prices updated on the morning of March 13, 2025 |
According to the Vietnam Pepper and Spice Association (VPSA), in the short term, pepper prices have increased compared to previous years, so gardeners benefit. It is forecasted that the demand for pepper in the world in the coming time will remain quite high, so pepper prices may continue to increase.
In the short term, pepper farmers benefit from high pepper prices, but overall, pepper farming is still unstable. The main reason is that other crops such as durian and coffee are bringing higher profits, making many farmers still not interested in increasing pepper acreage.
According to general assessment, although pepper price is currently high, farmers are limiting sales even though the harvest is at its peak, causing transactions to slow down. Meanwhile, domestic and global inventories have dropped to record lows, pepper price is forecasted to continue to remain high.
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| Farmers in Dak Nong province harvest pepper |
According to a report by Nedspice, global pepper production is expected to continue to decline by 2025 due to reduced cultivation area in Vietnam and adverse weather in India. However, demand is currently still higher than supply.
According to VPSA, global demand for spices is growing rapidly, especially in the US. Vietnam is expanding exports thanks to investment in processing technology, focusing on large markets such as the US, China, India and Europe.
Vietnam's pepper output in the 2024-2025 crop year is expected to reach 172,000 tons, down 2% year-on-year and down 47% year-on-year. In Brazil, pepper output in 2025 is estimated at 85,000-90,000 tons, of which Espírito Santo state will harvest about 20,000 tons. India is expected to see a 20-25% drop in output due to bad weather in Karnataka, which could increase import demand despite trade barriers.
Pepper prices are expected to rise sharply by the end of 2024 but are currently fluctuating within a narrow range. Vietnamese farmers benefit from high prices, reducing selling pressure. Exports to China in 2024 are expected to fall by more than 80%, and it is unclear when China will return to the market, but if they buy heavily, pepper prices could continue to rise.
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| Lush green pepper gardens, full of fruit in Dak Nong |
World pepper prices today are stable, slightly down.
Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on March 13, 2025 as follows: the market remains stable, unchanged compared to yesterday; however, pepper prices in Indonesia decreased slightly, down from 10 - 14 USD/ton.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,254 USD/ton (down 10 USD/ton); in contrast, Muntok white pepper is currently purchased at 10,237 USD/ton (down 14 USD/ton).
The Malaysian pepper market remained stable compared to the most recent trading session. 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 have fluctuated little and are currently anchored at a fairly high level, with the current purchase price reaching 6,900 USD/ton.
Vietnam's pepper export market is stable and slightly decreasing. 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 on the morning of March 13, 2025 |
VPSA informed that there are currently about 200 enterprises operating in the field of pepper processing and trading nationwide. Of these, the top 15 enterprises account for 70% of the export volume. The Vietnamese pepper industry currently has 14 deep processing factories, with the participation of 5 foreign enterprises, holding nearly 30% of the export market share.
Source: https://congthuong.vn/gia-tieu-hom-nay-1332025-bat-tang-tro-lai-377984.html
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