Pepper price today 5/3/2025: Anchored at high level

Today's domestic pepper price on May 3 is at 154,000 - 156,000 VND/kg. Pepper price has not changed compared to yesterday. Pepper export forecast for the second quarter of 2025 is facing difficulties due to high prices, long-term orders are significantly limited.

Pepper price today May 3, 2025 in domestic market

Pepper prices today in some key growing areas remained unchanged compared to yesterday. Accordingly, the domestic pepper price level is from 154,000 VND/kg to 156,000 VND/kg.

In the Central Highlands region, pepper price today in Dak Lak remained unchanged compared to yesterday, currently at 156,000 VND/kg.

Pepper price today in Gia Lai is unchanged compared to yesterday, currently at 154,000 VND/kg.

Pepper price today in Dak Nong is unchanged compared to yesterday, currently at 156,000 VND/kg.

In the Southeast region, pepper prices today in Ba Ria - Vung Tau are currently at 155,000 VND/kg, unchanged from yesterday. Dong Nai is unchanged from yesterday at 155,000 VND/kg.

In addition, pepper price today in Binh Phuoc is unchanged compared to yesterday, currently at 155,000 VND/kg.

According to the latest report from Simexco DakLak, the global pepper market is expected to grow from US$7.51 billion in 2024 to US$9.8 billion in 2032. The compound annual growth rate (CAGR) is estimated at 3.38%. The main driver behind this growth is the growing demand for natural spices, owing to their anti-inflammatory and antioxidant properties, and the trend towards organic and sustainable products.

India, Vietnam and Indonesia, remain key players in pepper production and export. Meanwhile, Europe and North America continue to be major consuming markets.

Pepper exports in the second quarter of 2025 are forecast to face difficulties due to high selling prices, causing financial pressure on both sellers and buyers. In addition, US tax policies are likely to change, significantly limiting long-term orders.

The Vietnam Pepper and Spice Association (VPSA) said that although pepper prices this year are higher than last year, pepper replanting activities in many provinces have slowed down. The reason is that people lack new land for cultivation or switch to growing crops with higher economic value. Therefore, the pepper acreage in 2025 is not expected to increase.

Experts say that in the long term, pepper export prices will still be supported by a decreasing supply trend.

Pepper price today 3/5 in the world market

In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Community (IPC) has updated the prices of pepper of all types traded in the international market on May 1 (local time) as follows:

Indonesia's Lampung black pepper price increased sharply compared to yesterday at 7,340 USD/ton (up 1.12%). In addition, Muntok white pepper price also remained unchanged compared to yesterday at 9,941 USD/ton (up 1.12%).

Brazilian black pepper ASTA 570 price remained unchanged from yesterday at $6,800/mt.

Malaysia’s ASTA black pepper price remained unchanged from yesterday at $9,300/ton. Meanwhile, the country’s ASTA white pepper price remained stable from yesterday at $11,900/ton.

Prices of all types of pepper in Vietnam remained unchanged compared to yesterday. Of which, the price of 500 gr/l black pepper in Vietnam reached 6,700 USD/ton; 550 gr/l reached 6,800 USD/ton.

Similarly, Vietnam's white pepper price remained unchanged from yesterday at $9,700/ton.

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Source: https://baonghean.vn/gia-tieu-hom-nay-3-5-2025-neo-o-nguong-cao-10296424.html