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