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