Pepper prices on March 19, 2025: Strong increase domestically

Pepper prices today, March 19, 2025, recorded a strong increase in the domestic market, continuing the upward trend since the beginning of the year. Meanwhile, the global market also experienced many positive developments due to high demand and limited supply. Below is detailed information on global pepper prices, domestic pepper prices, and market analysis.

Pepper prices on March 19 globally

In the international market, pepper prices today maintain a slight upward trend in major producing regions such as Vietnam, Indonesia, and India. Global pepper consumption demand remains high, especially in major markets like the US, Europe, and China.

Pepper prices in international markets

• Indonesia: The export price of black pepper reached $ 3,900/ton, up $ 50/ton compared to last week. Demand from China and the US continues to be the main driver of price increases here.
• India: Domestic pepper prices in Kerala remained at $ 4,250/ton, supported by stable supply and strong domestic consumption demand.
• Brazil: Brazilian pepper prices are currently ranging from $ 3,700 - $ 3,800/ton, unchanged from last week due to abundant supply from the new harvest.

Reasons for rising global pepper prices

• Limited supply: Dry weather conditions in major producing countries such as Vietnam and Indonesia have affected global pepper output.
• High demand: Major markets such as the US and Europe continue to increase imports of pepper for the food and processing industries.
• Stable exchange rates: The $ has not seen significant fluctuations, creating favourable conditions for pepper export activities.

Pepper prices on March 19 domestically

On the domestic market, pepper prices today continued to rise sharply, ranging from VND 159,000 - 161,000/kg. This is the highest price in the past eight years, bringing good profits to farmers.

Domestic pepper price assessment

• Central Highlands: Dak Lak and Dak Nong continue to lead with the highest price at VND 161,000/kg, driven by strong purchasing demand from export companies.
• Southeast Region: Pepper prices in Binh Phuoc and Dong Nai saw the largest increase of VND 2,000/kg, reaching VND 159,000/kg
• Average Price: The current average pepper price in key regions stands at VND 159,900/kg, up by VND 1,000 - 2,000/kg compared to yesterday.

$ 1 = VND 25.320 - Source: Vietcombank.