Pepper price today March 29, 2025: Indonesian pepper price increased slightly

Pepper price today March 29, 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. Continues to remain unchanged compared to yesterday.

In Ba Ria - Vung Tau, pepper price today is at 159,000 VND/kg. Same as yesterday.

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

Domestic pepper prices are forecast to continue their upward trend in the coming time, as demand from major markets such as the US and EU remains high. Although output in key growing regions such as the Central Highlands remains stable, farmers’ hoarding mentality has limited pepper sales, contributing to keeping prices high.

Currently, many export enterprises are increasing purchases to complete orders to Europe and the US. Although pepper output this year may be higher than last year, the fact that people are holding back their goods has caused the actual supply in the market to still be in short supply.

In recent years, the Vietnamese pepper industry has undergone many positive changes. Farmers are increasingly focusing on clean and organic production, while strengthening production links along the value chain. These changes not only improve product quality but also help Vietnamese pepper meet strict export standards.

However, pepper cultivation still faces many risks. In 2024, erratic weather caused severe drought, affecting productivity. Many pepper gardens flowered and bore fruit unevenly, leading to a decrease in total output.

Pepper price today March 29 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 29 (local time) as follows:

Indonesian Lampung black pepper prices increased slightly from yesterday at USD 7,239/ton (up 0.14%). Similarly, Muntok white pepper prices increased slightly from yesterday at USD 10,066/ton (up 0.14%).

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.

In the international market, pepper consumption demand remains high, while supply from major producing countries such as Brazil and Indonesia is facing difficulties due to unfavorable weather conditions. This is forecast to create pressure causing global pepper prices to continue to remain high in the coming time.

According to Nedspice's forecast, global pepper output in 2023 will only reach 520,000 tons, while consumption demand will reach 530,000 tons, causing inventories to shrink.

The shortage may continue this year if the weather continues to be unfavorable in major producing countries. In addition, if China resumes strong imports soon, pepper prices are likely to increase sharply in the second quarter of 2025.

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Source: https://baonghean.vn/gia-tieu-hom-nay-29-3-2025-gia-tieu-indonesia-tang-nhe-10293984.html