Pepper price today March 3, 2025, domestic stable high level

Pepper price today March 3, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price March 3.

Domestic pepper prices today

Today's pepper price was updated at 4:30 a.m. on March 3, 2025 as follows: Domestic pepper prices remained stable compared to yesterday and remained at a high level. Currently, the average pepper purchase price in key areas is 158,000 VND/kg.

Specifically, today's pepper prices in Gia Lai province remained stable compared to the previous trading session, with the current purchase price at 157,000 VND/kg. Similarly, in Ba Ria - Vung Tau province, traders are purchasing pepper at 157,000 VND/kg.

Pepper prices in Binh Phuoc province are showing little fluctuation and tend to be stable, following a previous sharp increase. Currently, pepper is being purchased at 158,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong provinces are stable and remain high. Currently, the pepper purchase price in these two localities is at 159,000 VND/kg.

Domestic pepper prices updated on March 3, 2025

In summary, domestic pepper prices decreased by 2,000 to 3,000 VND/kg last week. Thus, pepper prices have reversed their upward trend after three consecutive weeks of increases following the Lunar New Year holiday. The reason is believed to be the supply from the new crop beginning to enter the market.

According to the latest data from the General Department of Customs, January 2025 saw significant fluctuations in Vietnam's pepper exports. Although export volume decreased, export value grew impressively, reflecting a major shift in the value of this commodity on the international market.

Specifically, in January 2025, Vietnam exported 12,958 tons of pepper, earning $87 million. Compared to the same period last year, export volume decreased by 25.9%, but export value increased by 25.1%. This indicates that the average export price of pepper has increased sharply, reaching $6,755 per ton, a 68% increase compared to the same period in 2024.

Farmers in Dak Nong province dry pepper after harvesting.

Vietnamese pepper is now present in 30 major markets around the world. Of which, the United States continues to be the largest export market with a turnover of 21.7 million USD, up 8.4% over the same period last year.

The Vietnamese pepper industry is facing a great opportunity to break through and set a new record for export value in 2025. According to forecasts by the Vietnam Pepper and Spice Association (VPSA), global pepper production continues its downward trend while consumption demand remains stable, creating favorable conditions for Vietnamese pepper exports.

With current pepper export prices having increased by 68% compared to the same period last year, VPSA predicts that pepper exports in 2025 will be very favorable. The association forecasts that the value of pepper exports this year could reach a record high of $1.5 billion.

Lush green pepper gardens are grown in Dak Nong province.

World pepper prices remain stable today

Update on world pepper prices from the International Pepper Association (IPC) at 4:30 a.m. on March 3, 2025 as follows: the pepper market remains stable and anchored at a high level compared to the fluctuations in the previous session.

Specifically, IPC lists the price of Indonesian Lampung black pepper at $7,235 per ton; Muntok white pepper is currently being purchased at $9,959 per ton.

The Malaysian pepper market, after a sharp increase, has remained at high levels, with Malaysian ASTA black pepper currently being purchased at US$9,700/ton and ASTA white pepper at US$12,200/ton.

Pepper prices in Brazil, after a slight increase in the previous session, have also tended to stabilize, with current purchase prices at $6,850 per ton.

Vietnam's pepper export market is stable and slightly decreasing. Specifically, the export price of Vietnam's black pepper is currently at 6,900 USD/ton for 500 g/l; 550 g/l is at 7,100 USD/ton; and the price of white pepper is at 9,900 USD/ton.

World pepper price update today, March 3, 2025

Vietnam exported pepper to four ASEAN member markets. Of which, export turnover to the Philippines reached 2.58 million USD (down 3.3%), Thailand reached 2.19 million USD (up 2.8%), Malaysia reached 1.17 million USD (up 116%) and Singapore reached 0.2 million USD.

Source: https://congthuong.vn/gia-tieu-hom-nay-332025-trong-nuoc-on-dinh-muc-cao-376432.html