Pepper price today March 28, 2025: No change

Pepper price today March 28, 2025 in domestic market

The highest pepper purchase price in key pepper growing areas (Dak Lak, Lam Dong, Gia Lai, Dak Nong, Ba Ria - Vung Tau, Binh Phuoc) was recorded at 160,000 VND/kg.

Specifically, in Dak Nong province, pepper price is at 160,000 VND/kg. Unchanged compared to yesterday.

In Gia Lai, pepper price is 159,000 VND/kg. Unchanged compared to yesterday.

In Dak Lak, pepper price is 160,000 VND/kg. Unchanged compared to yesterday.

In Binh Phuoc and Dong Nai, pepper price today is at 159,000 VND/kg. Unchanged compared to yesterday.

In Ba Ria - Vung Tau, pepper price today is at 159,000 VND/kg. Unchanged compared to yesterday.

Thus, today's pepper price in the domestic market is currently at its lowest price of 159,000 VND/kg.

In recent years, the pepper industry has made significant progress. Farmers increasingly focus on clean and sustainable organic production. Many garden owners have strengthened value chain linkages and invested in deep processing to create quality products, serving both domestic and export markets.

In the Central Highlands, the harvest is progressing rapidly. Dak Nong has harvested 70% of the area, Lam Dong 60%, Dak Lak 40%, and other provinces about 50%. However, although the output to the market is quite large, the actual supply is still limited because farmers are holding their goods waiting for high prices. Meanwhile, businesses and traders are facing difficulties due to high interest rates, lack of warehouses, and seasonal cash flow tensions.

In the first two months of the year, Vietnam's pepper exports fell by 15.8% but the value increased by nearly 40%. This shows that pepper prices are rising. When the domestic market is short of goods, many businesses have turned to imports. Notably, Vietnam is Brazil's largest customer with more than 4,200 tons of pepper, worth nearly 26 million USD, nearly three times higher than the same period last year.

The outlook for pepper prices in the coming time remains positive. Major markets such as the US and EU continue to maintain high demand. Meanwhile, domestic farmers tend to stockpile, causing a shortage of supply, contributing to further increases in pepper prices.

Pepper price today March 28 in the world market

In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Community (IPC) has updated the prices of all types of pepper traded in the international market on March 28 (local time) as follows:

Indonesian Lampung black pepper prices remained unchanged from yesterday at $7,229 per tonne. Similarly, Muntok white pepper prices remained stable from yesterday at $10,052 per tonne.

Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $7,000/mt.

Malaysia’s ASTA black pepper price remained unchanged from yesterday at $9,900/ton. Meanwhile, the country’s ASTA white pepper price also remained unchanged from yesterday at $12,400/ton.

Prices of all types of pepper in Vietnam remained unchanged compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 7,100 USD/ton; 550 gr/l reached 7,300 USD/ton.

Similarly, Vietnam's white pepper price remained unchanged from yesterday at $10,100/ton.

According to data from the US International Trade Commission, in January 2025, the US imported more than 8,900 tons of pepper, worth nearly 63 million USD. Compared to the same period last year, the import volume increased by 25.6% and the value increased by nearly 74%.

Vietnam remained the largest pepper supplier to the US with nearly 5,800 tonnes, accounting for about 65% of the market share. However, this figure was down from 82% last year, due to a later domestic harvest.

Meanwhile, pepper imports from Indonesia and India skyrocketed. Indonesia reached nearly 1,900 tons, up more than 427%, while India reached nearly 800 tons, up more than 80%. In contrast, imports from Brazil decreased by 28%, to only 225 tons.

Experts say 2024 will be a breakthrough year for the pepper and spice industry. The outlook for 2025 and beyond remains very positive. The US retail market alone has grown from $5 billion before the pandemic to $7 billion over the past year, and is expected to continue to expand.

Americans’ home cooking habits, combined with the popularity of Asian and Mexican cuisines, have helped the spice market thrive. Last year, the US imported nearly 98,000 tons of pepper – an all-time high, officially becoming the world’s largest pepper importer.

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Source: https://baonghean.vn/gia-tieu-hom-nay-28-3-2025-khong-thay-doi-10293915.html