Pepper Market April 10, 2025: Pepper price increases back to 150,000 VND/kg
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
Posts
No comments:
Post a Comment