Pepper Market April 24, 2025

 

Pepper Market April 24, 2025: Price increased by 2,000 VND

Pepper prices today  (April 24) increased by VND2,000 and traded at VND155,000 - 156,000/kg. Many businesses are lending their warehouses to farmers and taking advantage of exporting goods to the US at the old tax rate, avoiding congestion with contracts signed from 2024.

In the world market

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Indonesian black pepper at 7,104 USD/ton, down 0.11% compared to the most recent trading session.

Meanwhile, pepper prices in other leading producing countries remained stable. Malaysian ASTA black pepper was quoted at USD 9,600/ton, while Brazilian ASTA black pepper reached USD 6,900/ton.

 Vietnam's black pepper  export  price is around 6,800 - 6,900 USD/ton for 500 g/l and 550 g/l.

Type name	World black pepper price list
	April 24 (Unit: USD/ton)	% change from previous day
Lampung Black Pepper (Indonesia)	7.104	-0.11
Brazilian Black Pepper ASTA 570	6,900	–
Kuching Black Pepper (Malaysia) ASTA	9,600	–
Vietnamese black pepper (500 g/l)	6,800	–
Vietnamese black pepper (500 g/l)	6,900	–

At the same time of survey, Indonesian Muntok white pepper decreased by 0.1% compared to the previous trading session, down to 9,614 USD/ton.

Malaysian ASTA white pepper price remained stable at 12,100 USD/ton and Vietnamese white pepper reached 9,800 USD/ton.

Type name	World white pepper price list
	April 24 (Unit: USD/ton)	% change from previous day
Muntok Indonesian White Pepper	9,614	-0.10
ASTA Malaysian White Pepper	12,100	–
Vietnam white pepper	9,800	–

Update pepper information

According to VOV, in the context of Vietnam's export activities being under pressure from a 46% reciprocal tax, the tax may be applied to the pepper spice industry, so there is immediately a situation of farmers hoarding goods waiting for pepper prices to peak.

Mr. Ngo Ba Luong, Manager of the Southern Pepper Material Area of ​​Son Ha Spices Company, said that most of the company's pepper output is exported to the US and EU. Therefore, many pepper and spice businesses are lending their warehouses to farmers and taking advantage of the old tax rate to export goods, avoiding congestion with contracts signed since 2024.

Mr. Luong said: “We are also trying to adapt, some partners are also urging us to deliver within 90 days. Knowing that our government is negotiating, I hope the negotiations between the two countries go well. As for our business side, we also regularly exchange with partners and customers to find ways to resolve the situation for quick trade.”

According to information from Ms. Hoang Thi Lien, President of the Vietnam Pepper and Spice Association (VPSA), in the first quarter of 2025, Vietnam exported over 47,600 tons of pepper, reaching a turnover of over 326 million USD. Although output decreased by more than 16%, value increased sharply by nearly 39% over the same period.

The US continues to be the largest pepper spice export market, accounting for about 25% of total turnover and importing up to 77% of pepper from Vietnam. However, the pepper industry is facing a major challenge as the US has imposed a 10%  import  tax  . This has caused some US buyers to suspend transactions, increasing competitive pressure with pepper from Brazil and Indonesia, countries with lower tax rates.

Ms. Lien said that it is necessary to take advantage of the maximum 90 days of temporary suspension of the 46% reciprocal tax to speed up delivery. At the same time, businesses must proactively expand their markets to Europe, Asia and the Middle East to avoid dependence on the US market, which is increasingly sensitive to prices and taxes.

According to VietnamBiz.vn