PEPPERTRADE SPICES BOARD BLOG #Pepper #Spices

Pepper Market March 13, 2025: Pepper prices continue to increase

Pepper prices today (March 12) continued to increase by 500-1,000 VND, reaching 160,000 - 161,000 VND/kg. Unlike previous years, this year pepper hoarding is more common, making raw materials scarce even during the peak harvest season.

World pepper price

At the end of the most recent trading session, the International Pepper Community (IPC) adjusted the price of Indonesian Lampung black pepper down to 7,254 USD/ton, down 10 USD/ton compared to the previous trading session.

Meanwhile, pepper prices remained stable in other leading producing countries. Currently, Kuching black pepper from Malaysia has the highest price on the market at 9,800 USD/ton, while ASTA 570 black pepper from Brazil has the lowest price at 6,900 USD/ton.

 Vietnam's pepper export  price  remained unchanged at USD 7,000/ton for 500 g/l and USD 7,200/ton for 550 g/l.

Type name	World black pepper price list
	March 13 (Unit: USD/ton)	% change from previous day
Lampung Black Pepper (Indonesia)	7,254	-0.14
Brazilian Black Pepper ASTA 570	6,900	–
Kuching Black Pepper (Malaysia) ASTA	9,800	–
Vietnamese black pepper (500 g/l)	7,000	–
Vietnamese black pepper (500 g/l)	7,200	–

At the same time of survey, the price of Indonesian Muntok white pepper turned down slightly by 14 USD/ton to 10,237 USD/ton.

ASTA white pepper prices in Malaysia and Vietnam continued to remain at USD 12,300/ton and USD 10,000/ton.

Type name	World white pepper price list
	March 13 (Unit: USD/ton)	% change from previous day
Muntok Indonesian White Pepper	10,237	-0.14
ASTA Malaysian White Pepper	12,300	–
Vietnam white pepper	10,000	–

Update pepper information

According to a recent report by Ptexim, the company said that although demand from markets remains sluggish, farmers and dealers are still holding stocks instead of selling.

Currently, all pepper growing areas in Vietnam have begun harvesting. Especially in Dak Nong, the largest and most important pepper producing area in Vietnam, about 40% of the area has been harvested.

In Dak Lak - the second largest producing province, accounting for about 30% of the total pepper area of ​​the country, about 5% - 10% has been harvested.

Unlike previous years, this year many farmers have made big profits from durian and coffee, leading to pepper hoarding, making raw materials scarce even during the peak harvest season.

Therefore, processors are forced to use inventories to ensure delivery progress for signed export orders.

Many people hoard pepper waiting for prices to increase, leading to a situation where pepper prices at the farm gate are sometimes higher than raw material prices at export producers. The current situation will make business more difficult if farmers continue to limit the sale of raw materials to the market.

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

In the first two months of the year, exports of this item reached 27,274 tons, worth 184.4 million USD, down 11.6% in volume but up 48.5% in value over the same period.

Vietnam's average pepper export price in February reached 6,774 USD/ton, up 0.3% compared to January and up 67.1% compared to February 2024. In the first two months of the year, the average pepper export price reached 6,763 USD/ton, up 68% over the same period last year.

Although Vietnam's pepper exports to major markets have fluctuated in volume, the value of the turnover has generally increased due to high prices.

According to VietnamBiz.vn