Pepper price today March 13, 2025 bounced back

Today's pepper prices (March 13, 2025): online pepper prices, pepper prices in Dak Lak, Dak Nong, Binh Phuoc, and Gia Lai.

Domestic pepper prices surged again today.

Today's pepper prices, updated at 4:30 AM on March 13, 2025, are as follows: Domestic pepper prices unexpectedly surged compared to yesterday, increasing by 1,500 - 2,500 VND/kg. Currently, the average purchase price of pepper in key producing areas is 159,600 VND/kg.

Specifically, today's pepper prices in Gia Lai province unexpectedly increased again compared to yesterday, rising by 1,500 VND/kg, with the current purchase price in this locality at 158,500 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau fluctuated upwards compared to yesterday, increasing by 2,000 VND/kg, with traders currently buying pepper at 159,000 VND/kg.

Pepper prices in Binh Phuoc province increased by 2,000 VND compared to the previous trading session, with current prices at 159,000 VND/kg.

Pepper prices in Dak Lak province continued their upward trend, increasing by 2,000 VND/kg compared to the previous slight decrease, currently standing at 160,500 VND/kg.

In particular, pepper prices in Dak Nong province increased the most, rising by 2,500 VND/kg. Currently, the purchase price of pepper in this locality is the highest in the country, at 161,000 VND/kg.

Domestic pepper prices updated on the morning of March 13, 2025.

According to the Vietnam Pepper and Spice Association (VPSA), in the short term, pepper prices are higher than in previous years, benefiting farmers. The forecast indicates that global demand for pepper will remain high in the coming period, so pepper prices may continue to rise.

In the short term, pepper farmers benefit from high pepper prices; however, overall, pepper farming remains unstable. The main reason is that other crops such as durian and coffee are yielding higher profits, making many farmers hesitant to increase their pepper cultivation area.

According to general assessments, although pepper prices are currently high, farmers are reluctant to sell despite the peak harvest season, causing transactions to slow down. Meanwhile, domestic and global inventories have fallen to record lows, forecasting that pepper prices will continue to remain high.

Farmers in Dak Nong province harvest pepper.

According to a report by Nedspice, global pepper production is expected to continue to decline in 2025 due to reduced cultivated area in Vietnam and unfavorable weather conditions in India. However, demand currently remains higher than supply.

According to VPSA, global demand for spices is increasing rapidly, especially in the US. Vietnam is expanding its exports thanks to investment in processing technology, focusing on major markets such as the US, China, India, and Europe.

Vietnam's pepper production for the 2024-2025 crop year is projected to reach 172,000 tons, a 2% decrease compared to the previous year and a 47% decrease compared to the 2018-2019 crop year. In Brazil, pepper production in 2025 is estimated at 85,000-90,000 tons, with the state of Espírito Santo harvesting approximately 20,000 tons. India is expected to see a 20-25% decrease in production due to bad weather in Karnataka, potentially increasing import demand despite trade barriers.

Pepper prices surged at the end of 2024 but are now fluctuating within a narrow range. Vietnamese farmers are benefiting from high prices, reducing selling pressure. Exports to China in 2024 decreased by more than 80%, and it is unclear when China will return to the market, but if buying remains strong, pepper prices could continue to rise.

Lush, fruit-laden pepper gardens in Dak Nong

World pepper prices remained stable or slightly lower today.

The latest update on world pepper prices from the International Pepper Association (IPC) at 4:30 AM on March 13, 2025 is as follows: the market remains stable, unchanged compared to yesterday; however, pepper prices in Indonesia have decreased slightly, by 10-14 USD/ton.

Specifically, IPC lists the price of Indonesian Lampung black pepper at US$7,254/ton (down US$10/ton); conversely, the price of Muntok white pepper is currently being purchased at US$10,237/ton (down US$14/ton).

The Malaysian pepper market remained stable compared to the last trading session, with Malaysian ASTA black pepper currently being purchased at US$9,800/ton and ASTA white pepper at US$12,300/ton.

Pepper prices in Brazil are relatively stable and are currently pegged at a fairly high level, with the current purchase price reaching $6,900 per ton.

The Vietnamese pepper export market is stable and experiencing a slight decline. Specifically, the export price of Vietnamese black pepper is currently at US$7,000/ton for the 500 g/l variety; US$7,200/ton for the 550 g/l variety; and US$10,000/ton for white pepper.

World pepper price update, morning of March 13, 2025

According to VPSA, there are currently about 200 businesses operating in the pepper processing and trading sector nationwide. Of these, the top 15 businesses account for up to 70% of exports. The Vietnamese pepper industry currently has 14 deep processing plants, with the participation of 5 foreign companies, holding nearly 30% of the export market share.

Source: https://congthuong.vn/gia-tieu-hom-nay-1332025-bat-tang-tro-lai-377984.html