Pepper prices on March 20, 2025: Slight decline domestically

Pepper prices today, March 20, 2025, recorded a slight decline in the domestic market, while export prices increased due to rising international demand. The global market also experienced mixed fluctuations due to limited supply and complex global economic conditions. Below is a detailed update on today's pepper prices and market outlook.

Pepper prices on March 20 globally

On the global market, pepper prices showed mixed trends across major producing countries such as Vietnam, Indonesia, and India. While Vietnam's export pepper prices saw a slight increase, other markets experienced a decline due to supply pressures.

International Pepper Prices

• Vietnam's black pepper export price: Increased by $100 per ton, ranging from $3,900 to $4,000/ton.
• Indonesia's pepper price: $3,850/ton, down by $50 per ton due to ample supply from the new harvest.
• India's pepper price: $4,250/ton, unchanged from yesterday.

Factors Driving Global Pepper Price Movements

• Limited supply: This year's global pepper production is forecasted to decline due to dry weather conditions in key growing regions.
• Rising international demand: Major importers such as the U.S. and Europe continue to increase orders, especially as post-pandemic consumer demand remains strong.
• Global economic fluctuations: A stable USD following the Fed's decision to maintain interest rates has supported exports, but other economic factors continue to exert pressure on pepper prices.

Pepper prices on March 20 domestically

In the domestic market, pepper prices recorded a slight decline of VND 500 - 1,000/kg in some areas. Currently, prices range from VND 159,000 to 160,500/kg, with the average price in key regions reaching VND 159,600/kg.

$ 1 = VND 25.350 - Source: Vietcombank.