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