Domestic pepper prices on March 18, 2025: Rebounding, Đắk Lắk - Đắk Nông Up by 1,000 VND/kg
Tuesday, March 18,2025
AsemconnectVietnam - According to Kinh tế & Đô thị, pepper prices on March 18, 2025, ranged from 157,500 to 160,000 VND/kg. At the beginning of the week, prices fluctuated, increasing by 1,000 VND/kg in Đắk Lắk - Đắk Nông while dropping by 1,000 VND/kg in Bình Phước. Meanwhile, the International Pepper Community (IPC) has adjusted the price of Indonesian pepper upward.
In Đắk Lắk: 160,000 VND/kg (+ 1,000 VND/kg).
In Đắk Nông: 160,000 VND/kg(+ 1,000 VND/kg).
In Gia Lai: 158,000 VND/kg.
In Đồng Nai: 157,500 VND/kg.
In Bà Rịa - Vũng Tàu: 158,000 VND/kg.
In Bình Phước: 157,000 VND/kg (-1,000 VND/kg).
This morning, prices rose by 1,000 VND/kg in Đắk Lắk - Đắk Nông while decreasing by 1,000 VND/kg in Bình Phước compared to the same time yesterday.
Optimistic Outlook for the Pepper Industry
Positive signals from the beginning of the year suggest a promising outlook for the pepper industry. As global pepper production is likely to continue declining while consumption remains stable, Vietnam's pepper sector is facing a "golden opportunity" this year, providing a strong driving force for industry growth.
According to the Vietnam Industry and Trade Information Center (VITIC) under the Ministry of Industry and Trade, India continues to hold its position as one of the world’s largest pepper exporters. Major pepper-producing countries such as Vietnam, Indonesia, and Brazil are experiencing unfavorable weather conditions, leading to a decline in global pepper production.
Meanwhile, major markets such as the U.S., Europe, and the Middle East continue to ramp up their imports to meet growing consumer and food processing demands. The rising global consumption presents a significant opportunity for Vietnamese pepper exporters.
Vietnam currently has over 110,000 hectares of pepper plantations, with an average yield of 2.6 tons per hectare—twice the global average. By 2030, the industry aims to maintain a cultivation area of 80,000 - 100,000 hectares, with production ranging from 200,000 to 300,000 tons.
International Market Update
At the latest trading session, the International Pepper Community (IPC) listed the following prices:
• Black Pepper:
o Lampung (Indonesia): $7,321/ton, up 0.76%
o Brazil ASTA 570: $6,900/ton
o Kuching (Malaysia) ASTA: $9,800/ton
• White Pepper:
o Muntok: $10,283/ton, up 0.3%
o Malaysia ASTA: $12,300/ton
• Vietnamese Pepper:
o Black pepper (500 g/l): $7,000/ton
o Black pepper (550 g/l): $7,200/ton
o White pepper: $10,000/ton
The International Pepper Community has adjusted Indonesian pepper prices upwards at the start of the week.
T.Huong
Source: Vitic
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