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 price in Gia Lai province suddenly increased again compared to yesterday, an increase of 1,500 VND/kg, currently the pepper purchase price in this locality is at 158,500 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau increased compared to yesterday, an increase of 2,000 VND/kg, currently pepper prices are purchased by traders at 159,000 VND/kg.

Pepper price in Binh Phuoc province increased by 2,000 VND compared to the previous trading session, currently pepper price is purchased at 159,000 VND/kg.

Pepper price in Dak Lak province continued to increase by 2,000 VND/kg compared to the previous slight decrease, currently pepper price in this locality is at 160,500 VND/kg.

Pepper prices in Dak Nong province increased the most, by 2,500 VND/kg. Currently, the pepper purchase price 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, so gardeners benefit. It is forecasted that the demand for pepper in the world in the coming time will remain quite high, so pepper prices may continue to increase.

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 growing rapidly, especially in the US. Vietnam is expanding exports thanks to investment in processing technology, focusing on large markets such as the US, China, India and Europe.

Vietnam’s pepper output in the 2024-2025 crop year is expected to reach 172,000 tonnes, down 2% year-on-year and down 47% year-on-year. In Brazil, pepper output in 2025 is estimated at 85,000-90,000 tonnes, with Espírito Santo state harvesting about 20,000 tonnes. India is expected to see a 20-25% drop in output due to bad weather in Karnataka, which could increase import demand despite trade barriers.

Pepper prices are expected to rise sharply by the end of 2024 but are currently fluctuating within a narrow range. Vietnamese farmers benefit from high prices, reducing selling pressure. Exports to China in 2024 are expected to fall by more than 80%, and it is unclear when China will return to the market, but if they buy heavily, pepper prices could continue to rise.

Lush green pepper gardens, full of fruit in Dak Nong

World pepper prices today are stable, down slightly.

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 have fluctuated little and are currently anchored at a fairly high level, with the current purchase price reaching 6,900 USD/ton.

Vietnam's pepper export market is stable and slightly decreasing. Specifically, the export price of Vietnam's black pepper is currently at 7,000 USD/ton for 500 g/l; 550 g/l is at 7,200 USD/ton and the price of white pepper is at 10,000 USD/ton.

Update on world pepper prices on the 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