Pepper Market on March 17, 2025

 

Pepper Market on March 17, 2025: Stable at the beginning of the week, highest at 159,000 VND/kg

At the beginning of the new week,  pepper prices today  (March 17) were traded at 158,000 - 159,000 VND/kg. Although Vietnam's pepper exports in February to markets fluctuated in volume, the export value still increased to most markets due to high prices.

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In the domestic market

Pepper prices  today continue to be traded at 158,000 - 169,000 VND/kg, unchanged from the previous day.

Specifically,  pepper prices   in Dak Lak and Dak Nong provinces were purchased at the highest level of 159,000 VND/kg.

In other localities such as Gia Lai, Ba Ria - Vung Tau, Binh Phuoc and Dong Nai, pepper prices are also traded at 158,000 VND/kg.

Province/district (survey area)	Purchase price on March 17 (Unit: VND/kg)	Change from previous day (Unit: VND/kg)
Dak Lak	159,000	–
Gia Lai	158,000	–
Dak Nong	159,000	–
Ba Ria – Vung Tau	158,000	–
Binh Phuoc	158,000	–
Dong Nai	158,000	–

In the world market

In the world market, the International Pepper Community (IPC) is listing the price of Kuching black pepper from Malaysia at 9,800 USD/ton; Lampung black pepper from Indonesia at 7,265 USD/ton and ASTA 570 black pepper from Brazil at 6,900 USD/ton.

 Vietnam's pepper export  price  also remained 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 17 (Unit: USD/ton)	% change from previous day
Lampung Black Pepper (Indonesia)	7,265	–
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 stood at 10,252 USD/ton; Malaysian and Vietnamese ASTA white pepper reached 12,300 USD/ton and 10,000 USD/ton, respectively.

Type name	World white pepper price list
	March 17 (Unit: USD/ton)	% change from previous day
Muntok Indonesian White Pepper	10,252	–
ASTA Malaysian White Pepper	12,300	–
Vietnam white pepper	10,000	–

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 The Import  -Export Department  (Ministry of Industry and Trade) commented that in the coming time, with the world pepper supply expected to increase, while demand is weak, it may cause pressure to reduce prices.

According to data from the Customs Department, Vietnam's pepper exports in February reached 14.3 thousand tons, worth 97.2 million USD, up 10.7% in volume and 11% in value compared to January 2025; up 7.2% in volume and 79.1% in value compared to February 2024.

In the first two months of 2025, Vietnam's pepper exports reached 27.2 thousand tons, worth 184.4 million USD, down 11.6% in volume but up 48.5% in value over the same period in 2024.

In February, the average export price of Vietnam's pepper reached 6,774 USD/ton, up 0.3% compared to January 2025 and up 67.1% compared to February 2024. In the first two months of 2025, the average export price of Vietnam's pepper reached 6,763 USD/ton, up 68% over the same period in 2024.

Regarding export markets in February, Vietnam's pepper exports to key markets fluctuated in contrast to the same period last year, of which exports to the largest market, the US, decreased by 21.5% in volume but increased by 40.5% in value.

On the contrary, exports to the German market increased by 73.6% in volume and 166.6% in value. In addition, pepper exports to a number of other markets increased such as: Korea, UK, Thailand, Philippines...

Although Vietnam's pepper exports in February to markets fluctuated in volume, export value still increased to most markets due to high prices.

In general, in the first two months of the year, Vietnam's pepper exports to many markets decreased in volume compared to the same period in 2024, of which, exports to the US market decreased by 32.5%; India decreased by 21.9%; the Netherlands decreased by 40.4%... On the contrary, the amount of pepper exported to some markets increased such as: Germany, Korea, UK...

According to VietnamBiz.vn