Pepper price today March 2, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 2.
Domestic pepper price today
Today's pepper price was updated at 4:30 a.m. on March 2, 2025 as follows: Domestic pepper prices turned "green" again, increasing again after the previous decrease, an increase of 1,000 - 2,000 VND/kg. Currently, the average pepper purchase price in key areas is 158,000 VND/kg.
Specifically, pepper prices in Gia Lai province today increased again, an increase of 1,000 VND/kg compared to the previous trading session, currently the pepper purchasing price in this locality is at 157,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau province also increased by 1,000 VND/kg. Currently, traders are purchasing pepper at 157,000 VND/kg.
Pepper prices in Binh Phuoc province have increased by 2,000 VND/kg, currently the pepper price is purchased by traders at 158,000 VND/kg.
Pepper prices in Dak Lak and Dak Nong provinces also increased by 1,000 VND/kg, and the current pepper purchase price in these two localities is 159,000 VND/kg.
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| Domestic pepper price updated on March 2, 2025 |
Experts predict that in the second quarter of 2025, China may increase purchases when Vietnam enters its main harvest season, helping domestic pepper prices recover. Conversely, the US may adjust its import pace due to large inventories remaining from 2024.
According to the Vietnam Pepper and Spice Association (VPSA), key pepper growing areas across the country have entered the 2025 harvest season, but progress has been slow due to weather impacts. The peak harvest is expected to be in late March or early April 2025. Meanwhile, import demand from the US, EU and China remains quite sluggish, partly due to the exhausted supply from the previous crop and the arrival of the new crop later than expected.
Although the market is in the adjustment phase, pepper export prices tend to increase, bringing a positive signal to farmers. However, the stockpiling strategy needs to be carefully calculated to limit risks from global market fluctuations.
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| Farmers in Dak Nong province harvest pepper |
According to experts, 2024 has seen US importers increase their stockpiling due to concerns about high prices, causing actual purchases to increase by 30-40%, although demand is forecast to increase by only 5%. This helps farmers and pepper stockpilers benefit from good prices right from the start of the season.
However, many exporters have encountered difficulties due to long-distance sales contracts with US customers, leading to losses when prices increase sharply at the time of delivery. The lesson from this situation shows the importance of linking supply chains and improving price forecasting capabilities.
According to the US International Trade Commission (USITC), the US is still the world's largest pepper importer with nearly 98,000 tons last year, of which Vietnam accounted for more than 77% of total imports.
According to the Import-Export Department (Ministry of Industry and Trade), pepper prices have increased since the beginning of the year in most major export markets, of which, the export price of white pepper from Indonesia increased the most, up 12.8%, the export price of black pepper from this market also increased by 6.9%; the export price of pepper from Brazil increased by 7.5%; the export price of black pepper and white pepper from Malaysia increased by 5.9% and 8.4% respectively.
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| Lush green pepper gardens 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 2, 2025 as follows: the pepper market remains stable and anchored at a high level compared to the previous session's fluctuations.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,235 USD/ton; Muntok white pepper is currently purchased at 9,959 USD/ton.
After a strong increase, the Malaysian pepper market has remained at a high level. Currently, the price of Malaysian ASTA black pepper is purchased at 9,700 USD/ton and the price of ASTA white pepper is at 12,200 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 2, 2025 |
According to preliminary statistics from the General Department of Customs, in January 2025, Vietnam mainly exported black pepper, accounting for 58.9% of the total volume and 57.1% of the total turnover; followed by ground black pepper, accounting for 19.9% of the total volume and 21.65% of the total turnover.
Source: https://congthuong.vn/gia-tieu-hom-nay-232025-trong-nuoc-sac-xanh-tro-lai-376326.html
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