Pepper Market on May 13, 2025: Vietnam's pepper market share in the US decreases
In the domestic market
Survey shows that pepper prices this morning continued to fluctuate between 151,000 - 152,000 VND/kg, marking the second consecutive day of sideways movement.
Specifically, in the provinces of the Southeast region such as Ba Ria - Vung Tau and Dong Nai, the highest pepper price was recorded at 152,000 VND/kg. Particularly in Binh Phuoc province, pepper was purchased at 151,500 VND/kg.
In localities in the Central Highlands such as Dak Lak, Dak Nong and Gia Lai, the common purchase price is 151,000 VND/kg.
|
Province/district (survey area) |
Purchase price on May 13 (Unit: VND/kg) |
Change from previous day (Unit: VND/kg) |
| Dak Lak |
151,000 |
– |
| Gia Lai |
151,000 |
– |
| Dak Nong |
151,000 |
– |
| Ba Ria – Vung Tau |
152,000 |
– |
| Binh Phuoc |
151,500 |
– |
| Dong Nai |
152,000 |
– |
In the world market
In the world market, pepper prices also did not record any new fluctuations. According to data from the International Pepper Community (IPC), Indonesian and Malaysian black pepper prices are currently trading at USD 7,323/ton and USD 9,200/ton; Brazilian black pepper ASTA 570 price is USD 6,800/ton.
Vietnam black pepper prices continue to fluctuate between 6,700 - 6,800 USD/ton for 500 g/l and 550 g/l.
|
Type name |
World black pepper price list |
|
|
May 13 (Unit: USD/ton) |
% change from previous day |
|
|
Lampung Black Pepper (Indonesia) |
7,323 |
– |
|
Brazilian Black Pepper ASTA 570 |
6,800 |
– |
|
Kuching Black Pepper (Malaysia) ASTA |
9,200 |
– |
|
Vietnamese black pepper (500 g/l) |
6,700 |
– |
|
Vietnamese black pepper (500 g/l) |
6,800 |
– |
At the same time of survey, the price of Indonesian Muntok white pepper reached 9,918 USD/ton. Meanwhile, the price of Vietnamese white pepper and Malaysian ASTA white pepper stood at 9,700 USD/ton and 11,900 USD/ton, respectively.
|
Type name |
World white pepper price list |
|
|
May 13 (Unit: USD/ton) |
% change from previous day |
|
|
Muntok Indonesian White Pepper |
9,918 |
– |
|
ASTA Malaysian White Pepper |
11,900 |
– |
|
Vietnam white pepper |
9,700 |
– |
Update pepper information
According to data from the International Trade Center (ITC), in March, pepper imports into the US reached 6,741 tons, up 13.4% over the previous month and nearly 17% over the same period last year. The main supplying markets include: Vietnam with 3,991 tons, Indonesia with 1,515 tons and India: 815 tons.
By the end of the first quarter, US pepper imports reached 21,586 tons, worth nearly 159 million USD, up 8.7% in volume and 66.6% in value over the same period in 2024.
Vietnam was the main pepper supplier to the US market in the first quarter of the year with a volume of 13,036 tons, worth 98.5 million USD, down 13.6% in volume but up 38.4% in value over the same period. Vietnam's market share in total US pepper imports fell to 60.4% from 76% in the same period.
The next largest supplying markets were Indonesia, accounting for 20.9% of the market share, reaching 4,522 tons, up 241.7%; India, accounting for 10.1% of the market share, reaching 2,181 tons, up 18.5% over the same period.
Meanwhile, according to Ptexim, pepper prices showed a downward trend from the beginning of the week due to weak demand and rising concerns over tensions between India and Pakistan. However, the market recovered as demand picked up again.
Demand has improved in the EU, Asia and the US. Notably, the Chinese market has started buying again, although in small quantities. However, farmers are under little pressure to sell after the harvest and are expected to continue to stockpile in the coming period.
Drewry’s global container index fell 1% to $2,076 per 40-foot container in the week to May 10. That’s 80% below the peak of the COVID-19 pandemic but still 46% above the pre-pandemic average of 2019.
Forecasts suggest freight rates will stabilize as shipping lines adjust capacity in response to low booking volumes from China.
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