Domestic pepper prices: All decrease
As of 2:00 p.m. today (March 31), domestic pepper prices continued to adjust after a series of stagnant days, an average decrease of VND 1,000/kg. Currently, the purchase price ranges from 158,000 - 159,000 VND/kg. The average pepper purchase price nationwide is at 158,400 VND/kg.
Pepper prices fell by 1,000 VND/kg, setting at 158,000 VND/kg in the three provinces of Gia Lai, Ba Ria - Vung Tau, Binh Phuoc.
Despite the same decrease of VND 1,000/kg, Dak Lak and Dak Nong provinces are still the two provinces with the highest pepper purchasing prices in the country, anchored at VND 159,000/kg.
World pepper prices: No change in the first trading session of the week
According to the International Pepper Community, on the exchanges, the price of black and white pepper in the Indonesian market is stable. Black pepper prices fluctuated around 7,239 USD/ton (equivalent to 186,188 VND/kg). The price of white pepper announced is 10,066 USD/ton (equivalent to 258,898 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper remains at 7,000 USD/ton.
In the Malaysian market, ASTA black and white pepper prices are anchored at 9,900 USD/ton and 12,400 USD/ton, respectively.
Notably, in Vietnam, the price of black pepper for export has moved sideways. The 500 g/l type is traded at 7,100 USD/ton (equivalent to 182,612 VND/kg); the 550 g/l type is currently at 7,300 USD/ton (equivalent to 187,756 VND/kg). Similarly, the price of white pepper for export also increased to 10,100 USD/ton (equivalent to 259,772 VND/kg).
In the Indian market, pepper prices continued to remain unchanged in most pepper prices. Garbled pepper costs 67,200 rupees/kg, (equivalent to 208,099 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 198,809 VND/kg).
Assessment and forecast
According to estimates by Ptexim - a company specializing in pepper and spice exports in Vietnam, this March, Vietnam may only export from 16,000 to 18,000 tons of pepper. The total export volume in the first 3 months of 2025 is expected to reach about 43,000 - 45,000 tons. This is considered the lowest level in the past 6 years.
However, according to experts, in the international market, pepper prices, especially black pepper, may continue to increase due to strong demand from major markets.
Pepper prices are being supported by many factors, including a decrease in output in major pepper producing countries such as Vietnam, Indonesia and Brazil, due to the impact of unfavorable weather. At the same time, consumption demand tends to increase in major consumer markets such as the US and Europe, where demand for spices and food is increasing strongly.
