Pepper price today March 17, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 17.
Domestic pepper prices today remained stable at a high level.
Today's pepper price was updated at 4:30 a.m. on March 17, 2025 as follows: Domestic pepper prices are stable and unchanged compared to yesterday's trading session. Currently, the average pepper purchase price in key areas is 158,400 VND/kg.
Specifically, today's pepper price in Gia Lai province remained stable, with little fluctuation compared to the previous trading session. Currently, the pepper purchase price in this locality is at 158,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc remained stable compared to yesterday, with traders currently purchasing pepper at 158,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong provinces have remained high after the previous decrease. Currently, pepper prices in these two localities are being purchased by traders at 159,000 VND/kg.
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| Domestic pepper prices updated on the morning of March 17, 2025 |
On the morning of February 17, domestic pepper prices were stable, fluctuating between 158,000 - 159,000 VND/kg. In summary, last week, domestic pepper prices decreased by 1,000 - 3,000 VND/kg compared to the closing price of the previous week.
The Vietnam Pepper and Spice Association said that global consumption demand remains stable, especially in the US and Europe. With low inventories and reduced output, pepper prices are forecast to remain high in the coming time.
According to experts, although there is a decrease of 1,000 - 3,000 VND/kg compared to the closing price of last week, with the current pepper price, farmers not only have high income but also have the motivation to invest and take better care of their pepper gardens, contributing to improving economic efficiency and stabilizing life.
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| Farmers in Dak Nong province harvest pepper |
Currently, it is the main pepper harvest season in key localities, however, high pepper prices also encourage farmers to stockpile products, helping to reduce selling pressure during the harvest, making raw materials scarce. This forces processing enterprises to use inventory to meet signed export contracts, putting great pressure on business operations, especially when pepper prices at the farm sometimes exceed raw material prices at exporters.
In addition, agricultural experts recommend that farmers should not spontaneously expand pepper growing areas due to high prices, to avoid falling into a situation of oversupply as in previous years. Instead, sustainable pepper cultivation is an important solution, in which applying organic models and reducing the use of pesticides will help improve product quality and stabilize the market.
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| Pepper gardens grown in Dak Nong province |
World pepper prices remain stable today.
Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on March 17, 2025 as follows: the market continues to remain stable, sideways compared to the previous trading session.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,265 USD/ton; Muntok white pepper is currently purchased at 10,252 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 17, 2025 |
According to data from the General Department of Customs, Vietnam is the main pepper supplier to the US, reaching 75,602 tons, accounting for 77.2% and increasing by 41.8% compared to the previous year. Next are the countries: India: 7,750 tons, accounting for 7.9% of the market share; Indonesia: 7,708 tons, accounting for 7.9% of the market share; Brazil: 3,704 tons, accounting for 3.8% of the market share.
Source: https://congthuong.vn/gia-tieu-hom-nay-1732025-trong-nuoc-neo-muc-cao-378542.html
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