Pepper prices today, March 14, 2025, maintain an upward trend.

Today's pepper prices (March 14, 2025): online pepper prices, pepper prices in Dak Lak , Dak Nong, Binh Phuoc, and Gia Lai.

Domestic pepper prices continued their upward trend today.

Today's pepper prices, updated at 4:30 AM on March 14, 2025, are as follows: Domestic pepper prices maintained an increase compared to yesterday, ranging from 500 to 1,000 VND/kg. Currently, the average purchase price of pepper in key producing areas is 160,200 VND/kg.

Specifically, today's pepper prices in Gia Lai province continued to increase by another 500 VND/kg compared to yesterday, with the current purchase price in this locality at 159,000 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau fluctuated upwards by 1,000 VND/kg compared to yesterday's trading session, with traders currently buying pepper at 160,000 VND/kg.

Pepper prices in Binh Phuoc province increased by 1,000 VND compared to the previous trading session, with current prices at 160,000 VND/kg.

Pepper prices in Dak Lak province continued to rise by 500 VND/kg, currently standing at 161,000 VND/kg.

Pepper prices in Dak Nong province remained stable and unchanged compared to yesterday, with the current purchase price in the area being 161,000 VND/kg.

Domestic pepper prices updated on the morning of March 14, 2025.

Analysts note that, unlike previous years, pepper hoarding is more widespread this year, leading to a shortage of raw materials even during the peak harvest season.

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According to the Vietnam Pepper and Spice Association (VPSA), pepper prices are rising compared to previous years, benefiting farmers. The forecast indicates that global demand for pepper will remain high, helping prices maintain their upward trend in the coming period.

According to a recent report by Ptexim, despite sluggish market demand, farmers and dealers are holding onto their stock instead of selling. The hoarding of pepper in anticipation of price increases has led to farm-gate prices sometimes exceeding the prices charged by export producers. This situation will make business even more difficult if farmers continue to restrict the sale of their produce to the market.

Farmers in Dak Nong province harvest pepper.

In Vietnam, despite rising pepper prices, the price is still not attractive enough for farmers to expand their pepper cultivation area. The main reason is that other crops like durian yield higher profits, making people less enthusiastic about expanding pepper farming.

Vietnam's pepper production is trending downwards, from 192,000 tons in 2023 to 183,000 tons in 2024, and is expected to further decrease to 178,000 tons in 2025. With domestic and global inventories nearing rock bottom, experts predict pepper prices will remain high. The US and China remain the two main markets that Vietnam is focusing on.

Lush green pepper gardens are grown in Dak Nong province.

World pepper prices remained stable or increased slightly today.

The latest update on world pepper prices from the International Pepper Association (IPC) at 4:30 AM on March 14, 2025 is as follows: the market remains stable and sideways, however, only pepper prices in Indonesia have increased slightly.

Specifically, IPC lists the price of Indonesian Lampung black pepper at $7,254/ton; the price of Muntok white pepper is currently being purchased at $10,252/ton (an increase of $15/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.

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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 14, 2025

According to data from Vietnam Customs, Vietnam's pepper exports in February reached 14,345 tons, worth $97.2 million, an increase of 10.7% in volume and 11% in value compared to the previous month, and an increase of 7.2% in volume and 79.1% in value compared to the same period last year.

Source: https://congthuong.vn/gia-tieu-hom-nay-1432025-duy-tri-muc-tang-378167.html