Pepper price today March 7, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 7.
Domestic pepper prices today remain "green".
Today's pepper price was updated at 4:30 a.m. on March 7, 2025 as follows: Domestic pepper prices maintained an upward trend compared to yesterday, an increase of 500 - 1,000 VND/kg, depending on the locality. Currently, the average pepper purchase price in key areas is 160,000 VND/kg.
Specifically, today's pepper price in Gia Lai province increased by 1,000 VND compared to yesterday, currently the pepper purchase price in this locality is at 159,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau continued to increase by 1,000 VND/kg, currently pepper prices are purchased by traders at 159,000 VND/kg.
Pepper price in Binh Phuoc province increased by 1,000 VND/kg, currently pepper is purchased at 159,000 VND.
Pepper price in Dak Nong province increased by 500 VND/kg compared to yesterday's trading session, currently pepper is purchased at 161,000 VND/kg.
Pepper prices in Dak Lak province increased by 1,000 VND/kg compared to yesterday. Currently, pepper prices in this locality are the highest in the country, at 161,500 VND/kg.
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| Domestic pepper price updated on March 7, 2025 |
According to statistics, from the beginning of 2025 until now, domestic pepper prices have increased by about 10,000 - 12,000 VND/kg, with an increase of 10,000 - 11,000 VND/kg in February 2025 alone. Currently, pepper prices range from 159,000 - 161,000 VND/kg, about 65 - 70% higher than the same period last year.
Experts say pepper prices are on the rise due to a decline in global supply while demand in major markets such as the US, Europe and China remains stable.
Vietnam Pepper and Spices Association (VPSA) said that with its leading position in the world, Vietnam is not only a country exporting raw materials but is also shifting to developing deeply processed products, increasing export value. However, the industry also faces many challenges, from climate change, pressure from harmful organisms, increasingly strict quality requirements from the international market, and increasing transportation costs.
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| Farmers in Dak Nong province harvest pepper |
According to statistics from experts, the current pepper growing area is only 15% of the coffee area and 12% of the rubber area, but the export value contributes 23% to the coffee industry (5.6 billion USD) and 38% to the rubber industry (3.4 billion USD). This shows the great potential of the pepper industry if invested in the right direction and increased added value.
The International Trade Center (ITC) said that the global market for spices and mixed spice products could grow at over 5.2% per year in the 2025-2030 period, with an estimated value of nearly 21 billion USD in 2025 and expected to increase to nearly 27 billion USD by 2030.
The spice market is changing dramatically due to increased consumer preferences and awareness of functional foods. The commercial value of the spice industry is forecast to grow strongly, focusing on prominent trends such as prioritizing convenience, sustainability and new flavors. In addition, consumers are also willing to pay for premium, organic spices with clear origins.
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| Lush green pepper gardens, full of fruit, are grown in Dak Nong |
World pepper prices today maintain an increase
Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on March 7, 2025 as follows: the market fluctuated little, was stable and went sideways compared to the previous slight increase.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,360 USD/ton; Muntok white pepper is currently purchased at 10,220 USD/ton.
The Malaysian pepper market remains stable, 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 increasing slightly. 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; and the price of white pepper is at 9,900 USD/ton.
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| Update world pepper prices today March 7, 2025 |
Experts forecast that the global spice and seasoning products market will grow at a CAGR of over 5.2% during the period 2025/30, with an estimated value of nearly US$21 billion in 2025 and reaching nearly US$27 billion by 2030.
In Vietnam, despite the decrease in output, increased demand will help pepper prices remain high, bringing good income to farmers.
Source: https://congthuong.vn/gia-tieu-hom-nay-732025-trong-nuoc-duy-tri-sac-xanh-377121.html
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