Vietnam Pepper market update April 3rd 2023 – Week 13 - Prices

We would like to send you a quick highlight spices market update 3rd April 2023 – Week 13.

Last week, the pepper market was quite stable and the trading volume on the market was not much. Now that the crop has been harvested, farmers/dealers continue to stock up and do not offer to sell when the pepper price is adjusted down. 

Importers have increased their purchases with faraway orders in the third and fourth quarters of 2023 but manufacturers and exporters are very cautious and offer little to sell long-distance orders as many experts forecast an upward trend in next time. 

According to preliminary statistics, Vietnam's pepper exports in March are forecast to reach over 36,000 tons In which China imported  over 14,000  tons 

This  broughtn Vietnam's total pepper export volume in 3 months to over 76,000 tons, up 40% compared to the first 3 months of 2022 (54,615 tons) and increased 23% compared to the first 3 months of 2021 (61,584 tons)

 According to the update from the International Pepper Association (IPC) on March 30 (local time), the world pepper price compared to March 29 is as follows:

INDIA

The price of pepper is almost unchanged

INDONESIA

Lampung black pepper (Indonesia): at 3,643 US/ton, up 0.22%.

Muntok white pepper: at $6,141/ton, up 0.21%.

BRAZIL

Pepper prices increased slightly due to strong demand from different markets. The Brazilian real currency is getting stronger against US which makes pepper more expensive when converted to US

MALAYSIA

Kuching black pepper (Malaysia) ASTA: at $4,900/ton, unchanged 

Malaysian white pepper ASTA: at $7,300/ton, unchanged

PEPPER PRICE INDICATION FOB HCMC 

REGULAR PEPPER

PINHEAD 1.5MM • 2MM CLEANED $1. 227

PINHEAD 2MM - 2.5MM CLEANED $1.446

PINHEAD SUPERIOR QUALITY $1.666

VBP 550 G/L FAQ $3.246

VBP 500 G/L Double Spiral Cleaned $3.319

VBP 550 Gil Double Spiral Cleaned $3.378

VBP 570 G/L Double ASTA $3.438

VBP 5MM Jumbo Size $3.540

White PEPPER 630 G/L DW $4.874

White PEPPER 630 G/LASTA $4.918

STEAM STERILIZED PINHEAD PEPPER

Steam Sterilized Pinhead < 1MM $1.453

Steam Sterilized Pinhead Super Quality $2.116

STEAM STERILIZED LIGHT BERRIES PEPPER

Steam Sterilized Black Pepper 250 G/L $3.218

Steam Sterilized Black Pepper 300 G/L $3.265

Steam Sterilized Black Pepper 350 G/L $3.312

STEAM STERILIZED PEPPER - EU COMPLIANCE

Steam Sterilized Pepper 500G/L $3.715

Steam Sterilized Pepper 550G/L $3.835

Steam Sterilized Pepper 570G/L $3.895

Steam Sterilized Pepper SMM $3.972

 Steam Sterilized White Pepper 630G/L $5.459