Pepper price today March 2, 2025 in the domestic market slightly decreased in key localities, trading from 155,000 - 158,000 VND/kg.
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| Pepper price today March 2, 2025: The market is under pressure from new crops, forecasting the import demand for Vietnamese pepper from the US and China. (Source: Getty) |
Pepper price today March 2, 2025 in the domestic market slightly decreased in key localities, trading from 155,000 - 158,000 VND/kg.
Specifically, pepper price today in Gia Lai is at 156,000 VND/kg.
Pepper prices today in the provinces of Dong Nai (155,000 VND/kg); Dak Lak (158,000 VND/kg); Dak Nong (158,000 VND/kg); Ba Ria - Vung Tau (156,000 VND/kg) and Binh Phuoc (1,567,000 VND/kg).
Thus, pepper prices today decreased slightly in key growing areas, down 1,000 VND/kg. The highest pepper price is at 158,000 VND/kg.
In February 2025, domestic pepper prices still increased well, increasing by an average of VND 10,000/kg. The reason is that this year's harvest took place later, so the supply to the market was slow. People have the conditions to store pepper, so they limit selling, pushing up prices. However, towards the end of the month, pepper prices tend to decrease as the new crop begins to hit the market.
According to Ptexim's report, pepper harvesting has begun and is currently being carried out sporadically in various areas... However, the progress of harvesting is still quite slow. It is predicted that in 2025, the harvest season may be longer, with the main harvest possibly taking place in late March or early April.
The Vietnam Industry and Trade Information Center (VITIC) said that China is expected to increase its pepper purchases as soon as Vietnam enters its main harvest season in March and April. Meanwhile, the US may buy more slowly due to remaining inventories from 2024. In addition, Vietnamese pepper will also benefit when the global pepper market in 2025 experiences a decrease in supply.
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.
In January 2025, Vietnam's pepper export price increased sharply compared to the same period in 2024, so although the amount of pepper exported decreased, the export value still increased.
Notably, among Vietnam's pepper varieties exported in January 2025, white pepper exports increased in both volume and value compared to January 2024, reaching 1.91 thousand tons, worth 12.96 million USD, up 44.9% in volume and 96.5% in value.
In the world market, at the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 7,235 USD/ton, down 0.87%; the price of Brazilian black pepper ASTA 570 at 6,850 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 9,700 USD/ton.
Muntok white pepper price is 9,959 USD/ton, down 0.88%; Malaysian ASTA white pepper price is at 12,200 USD/ton.
Vietnam black pepper price is traded at 6,900 USD/ton for 500 g/l; 550 g/l at 7,100 USD/ton; white pepper price at 9,900 USD/ton.
Source: https://baoquocte.vn/gia-tieu-hom-nay-232025-thi-truong-chiu-ap-luc-hang-vu-moi-du-bao-nhu-cau-nhap-khau-ho-tieu-viet-nam-cua-my-va-trung-quoc-306044.html
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