Pepper Market February 24, 2025: Pepper exports to China doubled over the same period last year
In the world market
At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Kuching black pepper from Malaysia at 9,500 USD/ton; followed by Lampung black pepper from Indonesia at 7,287 USD/ton; ASTA 570 black pepper from Brazil was lower at 6,800 USD/ton.
Vietnam's black pepper price is at 6,500 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l. This is also the lowest price on the market.
|
Type name |
World black pepper price list |
|
|
February 24 (Unit: USD/ton) |
% change from previous day |
|
|
Lampung Black Pepper (Indonesia) |
7,287 |
– |
|
Brazilian Black Pepper ASTA 570 |
6,800 |
– |
|
Kuching Black Pepper (Malaysia) ASTA |
9,500 |
– |
|
Vietnamese black pepper (500 g/l) |
6,500 |
– |
|
Vietnamese black pepper (500 g/l) |
6,650 |
– |
At the same time of survey, the price of Malaysian ASTA white pepper was quoted at 12,000 USD/ton; Indonesian Muntok white pepper reached 10,127 USD/ton; and Vietnamese white pepper reached 9,550 USD/ton.
|
Type name |
World white pepper price list |
|
|
February 24 (Unit: USD/ton) |
% change from previous day |
|
|
Muntok Indonesian White Pepper |
10,127 |
– |
|
ASTA Malaysian White Pepper |
12,000 |
– |
|
Vietnam white pepper |
9,550 |
– |
Update pepper information
According to data released by the General Department of Customs, Vietnam's pepper exports in January reached 12,958 tons, worth more than 87.5 million USD, down 12.1% in volume and 10.1% in value compared to December 2024, and down 25.9% in volume but up 25.1% in value compared to the same period last year due to high prices.
The decline in pepper exports in the first month of the year was partly due to the long Lunar New Year holiday. In addition, the supply from the previous crop was also limited while the 2025 harvest was delayed due to adverse weather conditions.
Vietnam's average pepper export price in the first month of the year reached 6,756 USD/ton - the highest level in the past 9 years (since February 2017), up 2.3% over the previous month and up 68.9% over January 2024.
In January, the US continued to be Vietnam's largest pepper export market, with a volume of 2,829 tons, equivalent to 21.7 million USD, accounting for 21.8% of the total volume and 24.8% of the total pepper export turnover of the country, compared to the same period last year, a sharp decrease of 41.4% in volume but an increase of 8.5% in turnover.
Coming in second is the German market, reaching 1,326 tons, equivalent to nearly 9.4 million USD, accounting for over 10% of the country's pepper exports, up 37% in volume and 2.1 times in value compared to the same period last year.
Exports to the Indian market ranked third with 976 tons, equivalent to 6.99 million USD, accounting for nearly 8% of market share, down 29.5% in volume and up 23.8% in value over the same period.
In addition, the amount of pepper exported to the UK market also increased by 20.1% compared to the same period last year; while that of South Korea decreased by 36.3%; the Philippines decreased by 42.9%; the Netherlands decreased by 52.2%; and France decreased by 15.7%.
Notably, according to data from the Vietnam Pepper and Spice Association (VPSA), pepper exports to the Chinese market doubled compared to the same period in 2024, reaching 947 tons. China's market share in Vietnam's total pepper export volume also increased to 7.3% from 2.7% in January 2024. However, the amount of pepper exported to this market is still 45% lower than the same period in 2023.
Export volume to markets fluctuated inconsistently, but in general, the value of turnover still increased compared to the same period last year.
The reason is that the export price of pepper has increased sharply, for example, the export price of pepper to the US market reached an average of 7,680 USD/ton, an increase of 85.3%; the German market reached an average of 7,065 USD/ton, an increase of 54.8%; India reached 7,158 USD/ton, an increase of 75.6%..., especially the average export price of pepper to Pakistan doubled, to 6,780 USD/ton.
According to VietnamBiz.vn
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