Pepper Market March 18, 2025: Price increases slightly again

 

Pepper Market March 18, 2025: Price increases slightly again

Pepper price today (March 18) is traded at 160,000 - 161,000 VND/kg, an increase of 1,000 VND compared to yesterday.

In the world market

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Indonesian Lampung black pepper at 7,321 USD/ton, up 0.76% compared to the previous trading session.

Meanwhile, pepper prices in other countries remained generally stable. Kuching black pepper prices in Malaysia were the highest at $9,800/ton; Brazilian ASTA 570 black pepper was the lowest at $6,900/ton.

 Vietnam's pepper export  price  continues to be stable at 7,000 USD/ton for 500 g/l and 7,200 USD/ton for 550 g/l.

Type name	World black pepper price list
	March 18 (Unit: USD/ton)	% change from previous day
Lampung Black Pepper (Indonesia)	7,321	+0.76
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 increased by 0.3% compared to the previous trading session, to 10,283 USD/ton.

However, the price of ASTA white pepper from Malaysia and Vietnam remained unchanged at USD 12,300/ton and USD 10,000/ton.

Type name	World white pepper price list
	March 18 (Unit: USD/ton)	% change from previous day
Muntok Indonesian White Pepper	10,283	+0.30
ASTA Malaysian White Pepper	12,300	–
Vietnam white pepper	10,000	–

Update pepper information

According to  Thehindubusinessline , India's pepper output in 2024-25 is expected to decline due to shrinking cultivation area and adverse weather affecting production.

According to the first preliminary estimate of the Government of this country, pepper output may decrease by 38%, reaching only 78,000 tons compared to 126,000 tons last year. At the same time, the pepper growing area is estimated to decrease to 255,000 hectares compared to 313,000 hectares last year.

Kishore Shamji, director of the Indian Pepper and Spices Trade Association, estimated pepper production this year at around 75,000 tonnes due to the impact of climate change on agricultural production. He also said that the Ministry of Agriculture and the Spices Board had reported a residual stock of 50,000 tonnes from last year, taking the total available in the domestic market to 125,000 tonnes.

Pepper prices in the domestic market in India have crossed the Rs 700/kg mark in major producing states like Karnataka and Kerala.

At Kochi market, pepper prices have increased marginally in recent days, hovering at Rs 685/kg for ungraded pepper and Rs 705/kg for graded pepper.

Mr. Shamji said that the increase in pepper prices was partly due to the Indian Ministry of Finance approving a value-added tax (GST) exemption for pepper producers and farmers if their products are transported between states to consumer markets in northern India.

The policy was introduced after a Karnataka MP submitted a petition to Finance Minister Nirmala Sitharaman on behalf of the pepper growers' community.

As a result, pepper prices in Karnataka have shot up to Rs 725 per kg, leading to an increase in pepper prices in Kerala. Farmers in Tamil Nadu and Andhra Pradesh are also looking to benefit from the GST exemption.

Mr. Shamji predicts that pepper prices may continue to increase if demand remains strong after the Holi festival.

According to VietnamBiz.vn