Monday, April 14, 2025

Pepper Market on April 14, 2025

 

Pepper Market on April 14, 2025: Trading in the range of 154,000 - 157,000 VND/kg

New market,  pepper price today  (April 14) remained stable in the range of 154,000 - 157,000 VND/kg. According to Comexstat data, Brazil exported 8,512 tons of pepper to Vietnam in the first quarter, an increase of 2.2 times compared to the same period in 2024.

In the domestic market

Pepper prices  this morning were traded in the range of 154,000 - 157,000 VND/kg, unchanged from the previous day.

Accordingly,  pepper price   in Dak Lak province is currently being purchased at the highest price of 157,000 VND/kg.

Next, pepper price in Dak Nong province stood at 156,500 VND/kg; pepper price in Ba Ria - Vung Tau and Dong Nai provinces both reached 155,000 VND/kg.

In Gia Lai and Binh Phuoc, pepper prices are lower at 154,000 VND/kg.

Province/district

(survey area)

Purchase price on April 14

(Unit: VND/kg)

Change from previous day (Unit: VND/kg)

Dak Lak

157,000

Gia Lai

154,000

Dak Nong

156,500

Ba Ria – Vung Tau

155,000

Binh Phuoc

154,000

Dong Nai

155,000

In the world market

At the end of the most recent trading session, the International Pepper Association (IPC) listed the price of Malaysian ASTA black pepper at 9,850 USD/ton, Indonesian black pepper at 7,147 USD/ton, Brazilian ASTA black pepper at 6,800 USD/ton, and Vietnamese black pepper traded in the range of 6,600 - 6,800 USD/ton for 500 g/l and 550 g/l.

Type name

World black pepper price list

April 14 (Unit: USD/ton)


Lampung Black Pepper (Indonesia)

7,147

Brazilian Black Pepper ASTA 570

6,800

Kuching Black Pepper (Malaysia) ASTA

9,850

Vietnamese black pepper (500 g/l)

6,600

Vietnamese black pepper (500 g/l)

6,800

At the same time of survey, Malaysian ASTA white pepper was reported at the highest price of 12,300 USD/ton; followed by Indonesian Muntok white pepper at 9,805 USD/ton; and finally Vietnamese white pepper at 9,600 USD/ton.

Type name

World white pepper price list

April 14 (Unit: USD/ton)


Muntok Indonesian White Pepper

9,805

ASTA Malaysian White Pepper

12,300

Vietnam white pepper

9,600

Update pepper information

According to Comexstat, in March, Brazilian pepper  exports   reached 10,881 tons, with a turnover of 69.1 million USD, an increase of 38.4% in export volume and 40.5% in turnover compared to February. Vietnam continued to be the main export market for Brazilian pepper in March, reaching 4,309 tons, accounting for 39.6% of the market share, up 45.5%; followed by Germany: 1,072 tons, up 58.8%; UAE: 1,053 tons, up 123%.

By the end of the first quarter of 2025, the country's pepper exports reached 23,081 tons, worth 145.4 million USD, up 25.8% in volume and 130.1% in value over the same period last year. The average export price of pepper increased by nearly 83%, to 6,301 USD/ton.

Vietnam was the largest market for Brazilian pepper in the first quarter, accounting for 36.9% of total export volume with 8,512 tons, worth 52 million USD, up 2.2 times in volume and 4.2 times in value compared to the same period. The average  import  price  of pepper from Brazil to Vietnam reached 6,117 USD/ton, 90.4% higher than in the first quarter of last year.

Markets with large import volumes of 1,000 - 2,000 tons also include the UAE, India, Germany, Senegal, Morocco, and Egypt. Of which, import volumes from the above markets all increased, except for India, which decreased.

Meanwhile, according to preliminary statistics from the Vietnam Pepper and Spices Association (VPSA), in March Vietnam imported 4,940 tons of pepper of all kinds with a total turnover of 28.9 million USD. Compared to the previous month, the import volume increased by 68.7%, the turnover increased by 81.3% and compared to the same period in 2024, the import volume increased by 32.5%, the turnover increased by 104.9%.

Brazil returned to being the largest pepper supplier to Vietnam in March with imports reaching 3,061 tons, up 187.4% over the previous month, accounting for 62.0% of the import market share. Indonesia followed with 977 tons, down 29.8%, and Cambodia with 514 tons, up 158.3%.

In the first three months of the year, Vietnam imported 9,686 tons of pepper of all kinds; of which black pepper reached 6,541 tons, white pepper reached 3,145 tons, with a total import turnover of 55.7 million USD. Compared to the same period last year, the import volume increased by 21.3%, and the turnover increased by 88.8%.

Brazil is the largest pepper supplier to Vietnam with 4,363 tons, equivalent to the same period last year; followed by Indonesia with 3,707 tons, up 385.2% and Cambodia with 735 tons, down 64.7%.

According to VietnamBiz.v

 

 


n

Sunday, April 13, 2025

Pepper Market on April 13, 2025: Strong comeback

 

Pepper Market on April 13, 2025: Strong comeback, pepper price reached 157,000 VND/kg last week

Pepper prices continued to increase for the third consecutive day today to 154,000 - 157,000 VND/kg, 1,000 - 2,000 VND higher than last week. Meanwhile, world pepper prices fell sharply last week.

Source: Hoang Hiep compiled from giatieu.com

In the world market

According to the International Pepper Community (IPC), world pepper prices fell across the board last week. Of these, Vietnam’s black pepper price dropped the most by $500/ton, Brazil’s black pepper dropped by $150/ton, Indonesia’s black pepper dropped by $92/ton, and Malaysia’s by $50/ton.

Type name

World black pepper price list

April 13 (Unit: USD/ton)

% change from last week

Lampung Black Pepper (Indonesia)

7,147

-1.27

Brazilian Black Pepper ASTA 570

6,800

-2.16

Kuching Black Pepper (Malaysia) ASTA

9,850

-0.51

Vietnamese black pepper (500 g/l)

6,600

-7.04

Vietnamese black pepper (500 g/l)

6,800

-6.85

At the same time of the survey, the price of Vietnamese white pepper also decreased sharply by 500 USD/ton, Indonesian Muntok white pepper decreased by 261 USD/ton and Malaysian ASTA white pepper decreased by 100 USD/ton.

Type name

World white pepper price list

April 13 (Unit: USD/ton)

% change from last week

Muntok Indonesian White Pepper

9,805

-2.59

ASTA Malaysian White Pepper

12,300

-0.81

Vietnam white pepper

9,600

-4.95

Update pepper information

In 2024, Vietnam's pepper  exports   to the US reached 72,311 tons and recorded a record increase of 33.2%; turnover reached 409 million USD, accounting for 31% of Vietnam's total pepper export turnover to all markets.

However, the Donald Trump administration's application of a 10% import tax on all goods imported into the US has caused great concern for Vietnamese pepper exporting businesses.

Because in the first months of 2025, Vietnamese pepper enterprises signed many long-term orders with many US importers; some of which have delivery times until August and September this year.

Previously, pepper exports to the US were almost tax-free. Currently, many shipments are on their way to the US, these shipments were previously signed on price when there was no information about tax imposition.

Now it is expected that when arriving at US ports, pepper will be subject to a 10% tax. It is likely that import partners will renegotiate prices, and it is possible that Vietnamese pepper exporting enterprises and import partners in the US will have to share the cost of this 10% tax.

The pepper industry is beginning to study the specific tax rate for Vietnamese pepper to find the next response solution. Businesses still hope that the negotiations between the two governments will have positive results, expecting that after 3 more months, pepper will only have to pay a minimum import tax of 10% without having to bear additional reciprocal taxes.

While the two countries are still negotiating, VPSA said the current solution for the Vietnamese pepper industry is to improve productivity, quality, and reduce costs to compete with other pepper exporting countries.

To reduce risks from US policies, VPSA recommends that pepper exporting enterprises need to have flexible response plans. Instead of making monthly or yearly business plans, switch to weekly export plans and closely follow fluctuations in commodity prices to react appropriately.

Vietnamese pepper exporters need to proactively seek new markets to create new business opportunities. Pepper exports to Europe, Japan, and Middle Eastern countries have grown well thanks to tariff incentives and high demand for sustainably developed, deeply processed products.

According to VietnamBiz.v

Pepper Market on April 11, 2025: Strong increase across the board

 

Pepper Market on April 11, 2025: Strong increase across the board

Pepper prices today  (April 11) increased by 4,000 - 5,000 VND, trading at around 154,000 - 155,000 VND/kg. According to VPSA, US pepper imports from the world in the first two months of the year increased by 5.3%, however, imports from Vietnam decreased sharply by 18.6%.

In the world market

At the end of the most recent trading session, according to an update from the International Pepper Community (IPC), the price of Indonesian Lampung black pepper reversed and increased by 0.97% (69 USD/ton) compared to the previous trading session, to 7,147 USD/ton.

Meanwhile, pepper prices in other countries remain generally stable. Currently, Kuching black pepper from Malaysia still has the highest price at 9,850 USD/ton, while ASTA 570 black pepper from Brazil has the lowest price at 6,800 USD/ton.

 Vietnam's pepper export  price  today stood at 6,600 USD/ton for 500 g/l and 6,800 USD/ton for 550 g/l, unchanged from the previous day.

Type name

World black pepper price list

April 11 (Unit: USD/ton)

% change from previous day

Lampung Black Pepper (Indonesia)

7,147

+0.97

Brazilian Black Pepper ASTA 570

6,800

Kuching Black Pepper (Malaysia) ASTA

9,850

Vietnamese black pepper (500 g/l)

6,600

Vietnamese black pepper (500 g/l)

6,800

At the same time of survey, the price of Indonesian Muntok white pepper was listed at 9,805 USD/ton, up 0.97% (95 USD/ton) compared to the previous trading session.

Malaysian ASTA white pepper prices remained stable at USD 12,300/ton and Vietnamese white pepper was quoted at USD 9,600/ton.

Type name

World white pepper price list

April 11 (Unit: USD/ton)

% change from previous day

Muntok Indonesian White Pepper

9,805

+0.97

ASTA Malaysian White Pepper

12,300

Vietnam white pepper

9,600

Update pepper information

The market has recovered amid temporary tariff concerns easing after US President Donald Trump announced a reduction in tariffs to 10% and a 90-day delay in imposing reciprocal tariffs on most “non-retaliatory” countries.

The Vietnam Pepper Association cited data from the International Trade Center (ITC) saying that in February 2025, the US  imported   5,942 tons, down 33.3% compared to January, of which the main import volume came from Vietnam at 3,296 tons and Indonesia at 1,142 tons.

Cumulatively up to the end of February 2025, US pepper imports reached 14,846 tons, up 5.3% over the same period last year. Of which, Vietnam is the largest pepper supplier to the US market, accounting for 60.9% of the market share with a volume of 9,045 tons, but down 18.6% over the same period. Next is Indonesia with 20.3% of the market share reaching 3,007 tons, up 230.8%; India with 9.2% of the market share reaching 628 tons and up 31.5% over the same period.

At a meeting with the Ministry of Agriculture and Environment held on April 7, VPSA proposed that the Ministry coordinate with relevant ministries such as Industry and Trade, Finance, and Foreign Affairs to advise the Government to negotiate with the US to keep the tax rate at 0%. If adjusted, the proposed tax rate would be 10% like Brazil or equivalent to ASEAN countries with similar conditions.

A positive point in the pepper industry negotiations is that Vietnamese pepper has an overwhelming market share in the US. In addition, Vietnam is the country with the largest pepper output in the context of the world's supply trending down.

Meanwhile, Minister of Agriculture and Environment Do Duc Duy said that Vietnamese agricultural products are essential, of good quality, and competitively priced. Some Vietnamese products in the US do not have many alternatives, including pepper. Therefore, this is one of the advantages when sitting at the negotiating table with the US.

US importers are also very concerned about the reciprocal tax. The American Spice Trade Association (ASTA) has recommended that the US government not impose reciprocal taxes because this will cause US businesses to bear additional costs and negatively affect US consumers.

According to VietnamBiz.vn

Thursday, April 10, 2025

 

Pepper Market April 10, 2025: Pepper price increases back to 150,000 VND/kg

Pepper prices today (April 10) in the domestic market increased by 1,000-2,000 VND to an average of 150,000 VND/kg. In the latest development, US President Donald Trump announced a 90-day suspension of reciprocal tariffs on most trading partners.

In the world market

 At the end of the most recent trading session, Vietnam's pepper export  prices  suddenly plummeted due to concerns about US reciprocal tariffs. According to the International Pepper Association (IPC), Vietnam's black pepper prices have dropped sharply by $500/ton, down to only $6,600/ton for 500 g/l and $6,800/ton for 550 g/l.

Indonesian Lampung black pepper price also decreased slightly by 39 USD/ton and was traded at 7,078 USD/ton.

Meanwhile, the price of Brazilian ASTA 570 black pepper remained stable at USD 6,800/ton; Malaysian Kuching black pepper reached USD 9,850/ton.

Type name

World black pepper price list

April 10 (Unit: USD/ton)

% change from previous day

Lampung Black Pepper (Indonesia)

7,078

-0.55

Brazilian Black Pepper ASTA 570

6,800

Kuching Black Pepper (Malaysia) ASTA

9,850

Vietnamese black pepper (500 g/l)

6,600

-7.04

Vietnamese black pepper (500 g/l)

6,800

-6.85

At the same time of survey, the price of Vietnamese white pepper decreased by 500 USD/ton to 9,600 USD/ton.

Meanwhile, the price of Indonesian Muntok white pepper continued to decrease by 54 USD/ton compared to the previous trading session, down to 9,710 USD/ton. In particular, Malaysian ASTA white pepper continued to be stable at 12,300 USD/ton.

Type name

World white pepper price list

April 10 (Unit: USD/ton)

% change from previous day

Muntok Indonesian White Pepper

9,710

-0.55

ASTA Malaysian White Pepper

12,300

Vietnam white pepper

9,600

-4.95

Update pepper information

In a recent development, US President Donald Trump has decided to partially suspend the reciprocal tax policy aimed at US trading partners.

Accordingly, instead of applying reciprocal tariffs from April 9, the US will postpone for 90 days to create space for negotiations to lower trade barriers. US trading partners will be subject to the same 10% tariff during that time. However, the US will increase tariffs on Chinese goods to 125%, the decision takes effect immediately.

The US's temporary suspension of reciprocal tariffs is considered a positive signal for the commodity market in general and pepper in particular, in the context of prices continuously plummeting in recent days.

Previously, the Vietnam Pepper and Spice Association (VPSA) also recommended that the pepper and spice industry should not be too pessimistic.

VPSA recommends that in the short term, pepper growers continue to maintain stable production areas, not sell quickly or at a loss, not believe in false rumors, and should register for sustainable farming standards to increase product value.

At present, prices may decrease due to the US and some countries requesting to limit deliveries. However, the Association believes that in the next 1-2 months, prices will be decided by farmers, so at present, if selling, only sell enough to meet cash needs, do not sell in bulk in case when prices increase again, there will be no more goods to sell.

“From now until the end of the year, supply and demand will still be the deciding factor. Whether the US imposes reciprocal tariffs on Vietnam or not, the world will still lack goods and prices may increase again,” VPSA said.

According to VPSA, Vietnam still has certain advantages when Vietnamese pepper cannot compete with American farmers or businesses because the US cannot produce pepper due to unsuitable natural conditions.

US consumer demand is almost entirely dependent on imports, of which Vietnam accounts for over 77% of the market share. Therefore, the possibility of reciprocal tariffs is still open.

On the other hand, the US has a high demand for pepper to serve the food processing industry. Pepper is an essential spice in the food manufacturing industry, restaurants, fast food chains, meat processing, canned food, etc.

Another positive news is that global supply is increasingly limited due to declining output in some key producing countries such as Indonesia and India due to the impact of climate change, disease and rising input costs.

Furthermore, consumption demand in many countries around the world is increasing, so a decrease in pepper prices is unlikely to happen in the short term, while Vietnam is still the world's number 1 pepper producer and exporter, with advantages in quality, processing systems and sustainable raw material areas.

According to VietnamBiz.vn

Advertisements


Tuesday, April 08, 2025

 

Pepper Market on April 8, 2025: Domestic price lost the mark of 150,000 VND/kg

Pepper prices today (April 8) dropped sharply to VND149,000/kg, down VND5,000 compared to yesterday. According to VPSA, the US is still the largest export destination for Vietnamese pepper, however, import volume in the first quarter of 2025 decreased by 32.6% over the same period, reaching 10,278 tons.

In the world market

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Kuching Malaysia black pepper at 9,850 USD/ton, down 50 USD/ton (equivalent to 0.51%) compared to the previous day.

Meanwhile, Indonesian Lampung black pepper prices continued to move sideways at $7,239 per tonne. The Indonesian market has been closed since last week as Muslims around the world celebrate Eid al-Fitr.

 Vietnam's black pepper export  price  is also stable at around 7,100 USD/ton for 500 g/l and 7,300 USD/ton for 550 g/l.

Brazilian ASTA 570 black pepper was offered at $6,950/ton, the lowest on the market.

Type name

World black pepper price list

April 8 (Unit: USD/ton)

% change from previous day

Lampung Black Pepper (Indonesia)

7,239

Brazilian Black Pepper ASTA 570

6,950

Kuching Black Pepper (Malaysia) ASTA

9,850

-0.51

Vietnamese black pepper (500 g/l)

7,100

Vietnamese black pepper (500 g/l)

7,300

At the same time of survey, Malaysian ASTA white pepper was quoted at 12,300 USD/ton, down 100 USD/ton compared to the previous day.

Prices of Vietnamese white pepper and Indonesian Muntok white pepper were stable at 10,100 USD/ton and 10,066 USD/ton.

Type name

World white pepper price list

April 8 (Unit: USD/ton)

% change from previous day

Muntok Indonesian White Pepper

10,066

ASTA Malaysian White Pepper

12,300

-0.81

Vietnam white pepper

10,100

Update pepper information

Preliminary statistics from the Vietnam Pepper and Spice Association (VPSA) show that in March, Vietnam exported 20,244 tons of pepper of all kinds, with a turnover of 141.6 million USD. Compared to February, the export volume increased by 41.3%, the turnover increased by 45.6% and compared to the same period last year, the export decreased by 21.2%, but the turnover increased by 27.9%.

The average export price of black pepper in March reached 6,790 USD/ton, white pepper reached 8,802 USD/ton, an increase of 122 USD for black pepper and 268 USD for white pepper compared to the previous month.

By the end of the first quarter of 2025, Vietnam had exported 47,660 tons of pepper of all kinds, of which black pepper reached 39,853 tons and white pepper reached 7,807 tons. Total export turnover reached 326.6 million USD. Compared to the same period last year, the export volume decreased by 16.1%, but the export turnover increased by 38.6%.

The average export price of black pepper in the first quarter reached 6,711 USD/ton, up 94.9% and white pepper reached 8,617 USD/ton, up 73.9% over the same period in 2024.

In terms of market, the US is still the largest export destination for Vietnamese pepper, however,  import  volume  in the first quarter of 2025 decreased by 32.6% over the same period, reaching 10,278 tons.

Next is India, with export volume reaching 3,370 tons, down 11.2%; Germany 3,358 tons, down 9.3%; UAE 2,757 tons, up 15.2%. Notably, exports to China increased by 87.8% to 2,034 tons, but compared to the same period in 2023, the import volume was still 92.2% lower.

Vietnam's leading white pepper import markets are China, Germany, the US, India and the Netherlands.

Vietnam is the largest pepper supplier to the US, accounting for 77% of the total pepper imported by this country. Conversely, the US is also the largest export market for Vietnamese pepper.

In 2024, pepper exports to the US reached 72,311 tons and recorded a record increase of 33.2%; turnover reached 409 million USD, accounting for 31% of total pepper export turnover to markets.

Exporting to the EU: Don't let habits cost you your market

 

Exporting to the EU: Don't let habits cost you your market

EU regulations are very clear and aim to protect consumer health. However, sometimes Vietnamese businesses are 'careless' which can lead to import bans.

Dr. Ngo Xuan Nam - Deputy Director of the Vietnam National Information and Enquiry Point on Epidemiology and Animal and Plant Quarantine (Vietnam SPS Office), Ministry of Agriculture and Environment - had an interview with reporters of the Industry and Trade Newspaper on this issue.

Looks delicious and beautiful but not really

– The EU is an important market for Vietnamese agricultural and aquatic products in general and processed foods in particular. However, many businesses are hesitant because this is not an easy market. What is your comment on this?

Dr. Ngo Xuan Nam: The EU is a bloc of countries with high and very strict food safety standards in the world – largely thanks to the EU’s strong laws, ensuring safe food for consumers. The Rapid Alert System for Food and Feed (RASFF) is a tool to ensure information that allows for rapid response when risks to public health are detected in the food chain.

The general conditions for introducing a new food into the EU are as follows: The food does not pose a risk to human health, based on available scientific evidence; the intended use of the food does not mislead the consumer, especially when the food is used to replace another food and there is a significant change in nutritional value; when the food is used to replace another food, it does not cause a nutritional disadvantage compared to the previous food.

Regulation (EU) 2017/2470 of 20 December 2017 establishes the Union’s list of novel foods in accordance with Regulation (EU) 2015/2283 of 25 November 2015 on novel foods. In addition, in Regulation (EU) 2015/2283, the term “novel food” includes “traditional third country foods”, i.e. foods traditionally consumed in countries outside the European Union. All novel foods must undergo a food safety assessment before they can be traded within the EU – having been shown to be safe for consumption for at least 25 years.

Vietnam's agricultural products exported to the EU market are new foods including dried basil seeds and fruit-flavored soft drinks containing basil seeds; apple snail meat...

Regarding the dried basil seed product, Vietnam has received two warnings on the RASFF system for this product, with the reason being “unlicensed new food”. The “snail meat” product exported from Vietnam received a warning from the EU with the reason being “unlicensed new food”.

According to Regulation (EU) 2015/2283, snail meat belongs to the “traditional food from a third country” category, because it has been consumed in the Vietnamese market but not yet used in the European market. Snail meat needs to be registered for a license and undergo a food safety assessment process to be included in the European Union’s licensing list.

In addition, Regulation (EU) 1333/2008 of the European Union dated 16/12/2008 on food additives defined “food additives” as follows: “Food additives” are any substances which are not normally food and are not used as a main ingredient of food. Whether or not they have nutritional value, if they are intentionally added to food for technological purposes (such as production, processing, preservation, packaging, transport, etc.), they or their by-products may become part of the food, directly or indirectly.

– Can you share a specific story to note for businesses when exporting processed foods to this market?

Dr. Ngo Xuan Nam: Many food manufacturers, including those in Vietnam, use eggs in their breaded shrimp recipes. According to consumer habits and tastes in many markets, when processing breaded shrimp, manufacturers often add eggs to create a sticky layer.

Eggs help the batter adhere better to the shrimp, preventing the batter from falling off when frying. Eggs also help the breadcrumbs or tempura batter have a crispier texture. The light fatty taste of eggs helps the batter to be less bland, creating a delicious feeling. In addition, egg yolks help the batter have a more beautiful yellow color, while also keeping the batter moist, preventing the product from becoming dry and hard.

However, egg protein can be considered an allergen. In addition, eggs are also a product of animal origin, when present in a composite product exported to the EU market, they must comply with Regulation (EU) 2022/2292, effective from 15/12/2022. Breaded shrimp is also a composite product, because it contains flour (of plant origin) and has changed the characteristics of shrimp (of animal origin).

Currently, the EU only allows egg products from approved third countries to be exported to the EU (such as the United States, Japan, Brazil, etc.). Vietnam wants to export breaded shrimp products with eggs to the EU, it must use eggs originating from the above countries.

Another issue to note is that according to Article 21 of Regulation (EU) No. 1169/2011, eggs are included in the group of allergenic products and must be declared on the product label. If not, the European Union's Rapid Alert System for Food and Feed (RASFF) will issue a warning to the exporting country, along with the necessary measures.

Failure to declare or incorrect declaration of allergens can result in product recalls or import bans into the EU. In the past, there have been many cases of frozen breaded shrimp not declaring egg in the breading, leading to product recalls in Europe. This not only causes economic losses to businesses, but also the entire industry can be affected if the violation is repeated.

Businesses need to carefully study market regulations.

– EU regulations on food safety and animal and plant quarantine often change continuously. What recommendations do you have for businesses exporting to this market?

Dr. Ngo Xuan Nam: Regulations on food safety and animal and plant quarantine of the EU in particular and members of the World Trade Organization (WTO) in general often change, therefore, the Vietnam SPS Office recommends that businesses carefully study EU regulations, especially issues related to food safety, labeling, Regulation (EU) 1169/2011 on providing food information to consumers, as well as the very new Regulation (EU) 2022/2292 on composite products.

Before packaging for export, businesses must label the product fully and accurately, ensuring that all allergens contained in the product are clearly listed, helping consumers to identify and avoid them.

At the same time, strictly control quality through establishing quality control procedures to ensure there is no cross-contamination or omission in the declaration of allergens.

Strict compliance with regulations on allergen declaration, as well as origin requirements for synthetic products, not only helps businesses avoid legal risks but also enhances reputation and ensures consumer safety.

Thank you!

The EU regularly amends and supplements regulations and requirements for the import of agricultural, aquatic and food products. Recently, this market announced that it will apply for the first time the level of inorganic arsenic residue in fish and some aquatic products. Therefore, exporting enterprises need to proactively monitor and update information about the EU market, thereby having plans to adapt and adjust production accordingly.

Detailed information on EU regulations is updated on the website of the Vietnam SPS Office at: http://www.spsvietnam.gov.vn/ or businesses can send specific requests to the official mailbox: spsvietnam@mae.gov.vn for answers.

VPSA Information on the Application of US Duties on Pepper and Spices

 

VPSA Information on the Application of US Duties on Pepper and Spices

Faced with the possibility that the United States will impose tariffs on imported goods from Vietnam, including the Pepper and Spices industry, some US importers have asked Vietnamese export enterprises to delay delivery and not sign new contracts. Some other unrelated markets have also taken this opportunity to not sign new contracts to wait for prices to decrease if Vietnam is subject to tariffs. This has a direct impact on domestic production, causing Vietnamese export enterprises to potentially lose short-term liquidity, increase inventories, and suspend raw material purchases, leading to price decreases in recent days.

Faced with this situation, from April 5 to 7, 2025, the Vietnam Pepper and Spice Association (VPSA) attended 3 important meetings with the Prime Minister, Deputy Prime Minister and Minister of Agriculture and Environment. At the meeting, VPSA shared the following information and recommendations and proposals:

– Pepper and spices are essential and important commodities for the US food and beverage industry. The US does not have the natural conditions to cultivate these commodities, so Vietnam does not create any competition that affects the interests of US businesses in this industry group.

– The American Spice Trade Association (ASTA) has also made a recommendation to the US Government not to impose import taxes on pepper and spices because if imposed, it will create a significant financial burden for food manufacturers, restaurants and ultimately US consumers.

– Currently, there is no exact information on how much tax the US will impose on Pepper and Spices, except for a minimum of 10%. We recommend that your business be proactive in all situations in which you are subject to a minimum tax of 10% or a maximum of 46% as announced by the US Government from April 5, 2025.

VPSA's recommendation:

– Regarding the applicable tax rate of the United States: VPSA proposes to maintain the current tax rate (0%), if adjusted, it proposes a tax rate of 10% like Brazil (Vietnam's biggest direct competitor). The Vietnamese Government needs to negotiate to have a suitable tax rate and tax application roadmap for each item and propose that the United States postpone imposing taxes on Vietnam for at least 45 days as the Government has proposed.

– Regarding finance: Propose that the Government has appropriate financial policies and preferential interest rates specifically for agricultural products exported to the United States. Support the implementation of temporary credit packages, insurance against risks of delayed orders and contract extensions.

– Regarding logistics: Domestic logistics costs, especially road and refrigerated containers, are currently the highest in the ASEAN region, seriously affecting export price competitiveness. It is recommended that the Ministry of Agriculture and Environment coordinate with the Ministry of Transport and the Ministry of Industry and Trade to consider exempting or reducing storage costs and port infrastructure fees; and supporting domestic transportation costs during the time when businesses are affected by international political factors.

– Regarding raw material areas and social security: In the context of trade instability, it is necessary to have firm direction from the Ministry of Agriculture and Environment in coordination with local authorities and the Association to maintain stability in growing areas of pepper, cinnamon, star anise, etc. If there is no timely solution, farmers will reduce the area or spontaneously switch crops, causing loss of control over the supply chain in the medium and long term.

– Regarding businesses: Need to be more proactive and focus more on enhancing deep processing; gradually shift away from raw exports, diversify markets, reduce dependence on one large market, avoid being forced to pay higher prices at peak times. Make the production and supply chain transparent, avoid third countries using Vietnam as a place to avoid tariffs like before.

VPSA

Advertisements

Monday, April 07, 2025

Trump's tax strategy will have global consequences

 

Trump's tax strategy will have global consequences

US President Donald Trump has just announced import tax rates for a series of economies, the lowest is 10%, the highest is 49%, and for Vietnam it is 46%.

On April 3, US President Donald Trump announced import tariffs on dozens of economies. According to the tariff table, the UK, Brazil, and Singapore will be subject to a 10% tax. The European Union, Malaysia, Japan, South Korea, and India will be subject to 20-26%. China and Vietnam are among the countries subject to the highest tariffs, at 34% and 46%, respectively.

According to Sky News, over the past decades, the issue of tariffs and trade policy has changed little. Trade is largely free and getting freer, taxes are getting lower and the world is increasingly globalized, the British news agency commented.

Developed economies such as the UK and the US have become increasingly dependent on cheap imports, while their manufacturing industries have simultaneously shrunk. This has affected many manufacturing regions in the US and UK.

Sky News suggests that, to some extent, this is where Mr Trump’s “Liberation Day” story begins, with the US president arguing that global free trade has a dark side that needs to be remedied with tariffs.

During his first term, Mr. Trump imposed tariffs on a number of Chinese goods such as steel and aluminum. However, those numbers are nothing compared to what the US President just announced early on March 4.

Since 1930, the United States has never raised tariffs on the world's economies so strongly. According to Sky News, at that time, the tax increase exacerbated the "Great Depression". The British news agency also affirmed that no one can predict the consequences of today's tax increase, but there will certainly be consequences.

“The consequences for globalization, for the US economy, for geopolitics,” Sky News analyzed. In addition, this policy will also affect financial markets, which have been in a state of concern for months related to tax issues.

But this story is not over, in the coming days we will learn more about this policy, such as retaliatory measures from other countries, Sky News added.

Washington is now imposing tariffs on all countries based on the principle of “reciprocity,” Mr. Trump declared, calling it an “economic independence day” for the U.S. The US president confirmed that a 25% global tariff on cars and trucks would take effect on April 3, while tariffs on imported auto parts would begin on May 3.

In a speech at the White House, Mr Trump complained that “none of our companies are allowed to come into other countries”. “That is why we will be imposing a 25% tariff on all foreign-made cars starting at midnight tonight,” he announced. Mr Trump claimed that the new tariffs would usher in a “golden age” for the country, adding that “jobs and factories will come back”.

Importers looking to bring goods into the US from other countries will now face tariffs of up to 54%, based on how the White House calculates US export duties, as well as non-currency trade barriers against countries accused of manipulating their currencies or being “pollution havens”.

The result is a new tariff list that would impose massive tariffs on trillions of dollars of trade. China, America’s largest trading partner, would be hit with a 54% tariff (an additional 34% on top of the current 20% tariff, for a total of 54%), the European Union (EU) would face a 20% tariff, India would be hit with a 26% tariff, Japan would face a 24% tariff, and many other countries would be on the list.

It remains unclear how Mr Trump and the White House calculated these figures. A document listing the tariffs only says that they include factors such as “currency manipulation and trade barriers”.

Mr Trump said Washington would impose “decent” tariffs on all countries, amounting to “about half” of what they tax the US.

“We will strengthen the domestic industrial base” and “break down” foreign trade barriers, he declared, noting that this would ultimately help consumers enjoy better prices.

“Our country and taxpayers have been ripped off for over 50 years, but that will stop,” Mr. Trump concluded, adding that “we will also put America first.”

 




According to Nongnghiep.vn