Pepper Market on July 1, 2025

 

Domestic and export prices both increased sharply

Pepper prices today  (July 1) increased sharply by 3,000 - 4,000 VND/kg, reaching 141,000 - 142,000 VND/kg. In the world market, Vietnam's pepper export prices also increased by 440 - 470 USD/ton in the context of bustling trading activities again.

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 7,529 USD/ton, a slight increase of 1 USD/ton compared to the previous day.

Notably, Vietnam's black pepper  export  price  recorded a sharp increase of 440 - 470 USD/ton, up to 6,240 - 6,370 USD/ton for 500 g/l and 550 g/l black pepper.

In Malaysia, ASTA black pepper prices continued to remain high, reaching 9,000 USD/ton, unchanged from the previous session.

Meanwhile, the price of Brazilian black pepper ASTA 570 is currently the lowest among the monitored countries, at $5,850/ton.

Type name	World black pepper price list
	July 1 (Unit: USD/ton)	% change from previous day
Lampung Black Pepper (Indonesia)	7,529	+0.01
Brazilian Black Pepper ASTA 570	5,850	–
Kuching Black Pepper (Malaysia) ASTA	9,000	–
Vietnamese black pepper (500 g/l)	6,240	+7.05
Vietnamese black pepper (500 g/l)	6,370	+7.38

At the same time of survey, the price of Indonesian Muntok white pepper was traded at 10,169 USD/ton, a slight increase of 1 USD/ton. Meanwhile, Malaysian ASTA white pepper remained unchanged at 11,750 USD/ton.

In Vietnam, the export price of white pepper also increased by 150 USD/ton, to 8,950 USD/ton.

Type name	World white pepper price list
	July 1 (Unit: USD/ton)	% change from previous day
Muntok Indonesian White Pepper	10,170	+0.01
ASTA Malaysian White Pepper	11,750	–
Vietnam white pepper	8,950	+1.68

Update pepper information

In Ptexim's latest report, the company said that significant increase in demand from major markets such as the US, EU, Middle East and especially from China has caused prices to increase sharply.

Easing geopolitical tensions also helped boost the market, after Iran and Israel reached a ceasefire agreement. This move triggered a strong recovery in demand from the Middle East region – a major consumer market for pepper.

The deal is expected to open up a market opportunity worth $180 million, with demand growth in the region forecast to reach 35% in the third and fourth quarters of 2025.

A series of positive news related to reciprocal tariffs from the US to major global markets such as India, China and the EU has contributed to boosting  import  demand  from these markets.

At the same time, the administration of US President Donald Trump is considering extending or delaying the application of higher import tariffs on goods from many countries, expected to take effect from July.

Specifically, on June 26, the White House announced the possibility of delaying tariffs on goods from dozens of countries, further strengthening confidence in the global market. This move will likely delay the effective date of the tariffs scheduled for early July, creating more space for bilateral and multilateral trade negotiations.

On the supply side, the Brazilian Spice Association has recommended that local companies temporarily suspend pepper exports as prices have fallen sharply. This decision quickly created a wave of global purchasing shifts, focusing heavily on supplies from Vietnam – currently the main destination in the international pepper supply chain.

Market fundamentals suggest that the recovery trend will continue in Q3 and Q4 2025, with low inventories providing a solid foundation for sustained price gains.

According to VietnamBiz.vn