Pepper price today March 15, 2025 highest 161,000 VND/kg

Today's pepper prices (March 15, 2025): online pepper prices, pepper prices in Dak Lak, Dak Nong, Binh Phuoc, and Gia Lai.

Domestic pepper prices remained stable today, with a slight increase.

Today's pepper prices, updated at 4:30 AM on March 15, 2025, are as follows: Domestic pepper prices remain stable and high; however, prices in Gia Lai have increased by 500 VND/kg. Currently, the average purchase price of pepper in key growing areas is 160,300 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 159,500 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc remained stable compared to yesterday's trading session, with traders currently buying pepper at 160,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong provinces remained stable compared to yesterday and stayed at a high level; currently, traders are buying pepper from these two localities at 161,000 VND/kg.

Domestic pepper prices updated on the morning of March 15, 2025.

According to the Vietnam Pepper and Spice Association (VPSA), pepper prices are rising compared to previous years, benefiting farmers. However, this year many farmers have reaped significant profits from durian and coffee, leading to pepper hoarding and causing shortages even during the peak harvest season. Processors are forced to use existing stock to meet delivery deadlines for signed export orders.

The hoarding of pepper by many people in anticipation of price increases has led to a situation where pepper prices at the farm gate are sometimes higher than the raw material prices at export-oriented producers. This current situation will make business more difficult if farmers continue to restrict the sale of raw materials to the market.

Forecasts indicate that global demand for pepper will remain high, driving pepper prices to maintain their upward trend in the near future.

Farmers in Gia Lai province dry pepper after harvest.

According to experts, the hoarding of pepper by many people in anticipation of price increases has led to a situation where pepper prices at the farm gate are sometimes higher than the raw material prices at export-oriented producers. This current situation will make business more difficult if farmers continue to restrict the sale of raw materials to the market.

According to statistics, Vietnam currently has over 110,000 hectares of pepper plantations, with an average yield of 26 quintals/hectare, double the global average. The Ministry of Agriculture and Environment has developed and approved a plan for the development of key industrial crops, which aims to maintain an area of ​​approximately 80,000-100,000 hectares and a production volume of 200,000-300,000 tons by 2030.

The target set for 2030 is that approximately 40% of pepper growing areas in Vietnam will meet GAP standards, and 40-50% of the area will be granted planting area codes with product traceability.

Lush green pepper plantations are grown in Gia Lai.

World pepper prices remained stable today.

The latest update on world pepper prices from the International Pepper Association (IPC) at 4:30 AM on March 15, 2025 is as follows: the market remains stable, trading sideways compared to the previous session.

Specifically, IPC lists the price of Indonesian Lampung black pepper at $7,265 per ton; Muntok white pepper is currently being purchased at $10,252 per 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 15, 2025

In the first two months of the year, Vietnam's pepper exports are estimated at 27,274 tons, worth $184.4 million, a decrease of 11.6% in volume but an increase of 48.5% in value compared to the same period last year.

Source: https://congthuong.vn/gia-tieu-hom-nay-1532025-cao-nhat-161000-dongkg-378346.html