VPSA Information on the Application of US Duties on Pepper and Spices

 

VPSA Information on the Application of US Duties on Pepper and Spices

Faced with the possibility that the United States will impose tariffs on imported goods from Vietnam, including the Pepper and Spices industry, some US importers have asked Vietnamese export enterprises to delay delivery and not sign new contracts. Some other unrelated markets have also taken this opportunity to not sign new contracts to wait for prices to decrease if Vietnam is subject to tariffs. This has a direct impact on domestic production, causing Vietnamese export enterprises to potentially lose short-term liquidity, increase inventories, and suspend raw material purchases, leading to price decreases in recent days.

Faced with this situation, from April 5 to 7, 2025, the Vietnam Pepper and Spice Association (VPSA) attended 3 important meetings with the Prime Minister, Deputy Prime Minister and Minister of Agriculture and Environment. At the meeting, VPSA shared the following information and recommendations and proposals:

– Pepper and spices are essential and important commodities for the US food and beverage industry. The US does not have the natural conditions to cultivate these commodities, so Vietnam does not create any competition that affects the interests of US businesses in this industry group.

– The American Spice Trade Association (ASTA) has also made a recommendation to the US Government not to impose import taxes on pepper and spices because if imposed, it will create a significant financial burden for food manufacturers, restaurants and ultimately US consumers.

– Currently, there is no exact information on how much tax the US will impose on Pepper and Spices, except for a minimum of 10%. We recommend that your business be proactive in all situations in which you are subject to a minimum tax of 10% or a maximum of 46% as announced by the US Government from April 5, 2025.

VPSA's recommendation:

– Regarding the applicable tax rate of the United States: VPSA proposes to maintain the current tax rate (0%), if adjusted, it proposes a tax rate of 10% like Brazil (Vietnam's biggest direct competitor). The Vietnamese Government needs to negotiate to have a suitable tax rate and tax application roadmap for each item and propose that the United States postpone imposing taxes on Vietnam for at least 45 days as the Government has proposed.

– Regarding finance: Propose that the Government has appropriate financial policies and preferential interest rates specifically for agricultural products exported to the United States. Support the implementation of temporary credit packages, insurance against risks of delayed orders and contract extensions.

– Regarding logistics: Domestic logistics costs, especially road and refrigerated containers, are currently the highest in the ASEAN region, seriously affecting export price competitiveness. It is recommended that the Ministry of Agriculture and Environment coordinate with the Ministry of Transport and the Ministry of Industry and Trade to consider exempting or reducing storage costs and port infrastructure fees; and supporting domestic transportation costs during the time when businesses are affected by international political factors.

– Regarding raw material areas and social security: In the context of trade instability, it is necessary to have firm direction from the Ministry of Agriculture and Environment in coordination with local authorities and the Association to maintain stability in growing areas of pepper, cinnamon, star anise, etc. If there is no timely solution, farmers will reduce the area or spontaneously switch crops, causing loss of control over the supply chain in the medium and long term.

– Regarding businesses: Need to be more proactive and focus more on enhancing deep processing; gradually shift away from raw exports, diversify markets, reduce dependence on one large market, avoid being forced to pay higher prices at peak times. Make the production and supply chain transparent, avoid third countries using Vietnam as a place to avoid tariffs like before.

VPSA

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Trump's tax strategy will have global consequences

 

Trump's tax strategy will have global consequences

US President Donald Trump has just announced import tax rates for a series of economies, the lowest is 10%, the highest is 49%, and for Vietnam it is 46%.

On April 3, US President Donald Trump announced import tariffs on dozens of economies. According to the tariff table, the UK, Brazil, and Singapore will be subject to a 10% tax. The European Union, Malaysia, Japan, South Korea, and India will be subject to 20-26%. China and Vietnam are among the countries subject to the highest tariffs, at 34% and 46%, respectively.

According to Sky News, over the past decades, the issue of tariffs and trade policy has changed little. Trade is largely free and getting freer, taxes are getting lower and the world is increasingly globalized, the British news agency commented.

Developed economies such as the UK and the US have become increasingly dependent on cheap imports, while their manufacturing industries have simultaneously shrunk. This has affected many manufacturing regions in the US and UK.

Sky News suggests that, to some extent, this is where Mr Trump’s “Liberation Day” story begins, with the US president arguing that global free trade has a dark side that needs to be remedied with tariffs.

During his first term, Mr. Trump imposed tariffs on a number of Chinese goods such as steel and aluminum. However, those numbers are nothing compared to what the US President just announced early on March 4.

Since 1930, the United States has never raised tariffs on the world's economies so strongly. According to Sky News, at that time, the tax increase exacerbated the "Great Depression". The British news agency also affirmed that no one can predict the consequences of today's tax increase, but there will certainly be consequences.

“The consequences for globalization, for the US economy, for geopolitics,” Sky News analyzed. In addition, this policy will also affect financial markets, which have been in a state of concern for months related to tax issues.

But this story is not over, in the coming days we will learn more about this policy, such as retaliatory measures from other countries, Sky News added.

Washington is now imposing tariffs on all countries based on the principle of “reciprocity,” Mr. Trump declared, calling it an “economic independence day” for the U.S. The US president confirmed that a 25% global tariff on cars and trucks would take effect on April 3, while tariffs on imported auto parts would begin on May 3.

In a speech at the White House, Mr Trump complained that “none of our companies are allowed to come into other countries”. “That is why we will be imposing a 25% tariff on all foreign-made cars starting at midnight tonight,” he announced. Mr Trump claimed that the new tariffs would usher in a “golden age” for the country, adding that “jobs and factories will come back”.

Importers looking to bring goods into the US from other countries will now face tariffs of up to 54%, based on how the White House calculates US export duties, as well as non-currency trade barriers against countries accused of manipulating their currencies or being “pollution havens”.

The result is a new tariff list that would impose massive tariffs on trillions of dollars of trade. China, America’s largest trading partner, would be hit with a 54% tariff (an additional 34% on top of the current 20% tariff, for a total of 54%), the European Union (EU) would face a 20% tariff, India would be hit with a 26% tariff, Japan would face a 24% tariff, and many other countries would be on the list.

It remains unclear how Mr Trump and the White House calculated these figures. A document listing the tariffs only says that they include factors such as “currency manipulation and trade barriers”.

Mr Trump said Washington would impose “decent” tariffs on all countries, amounting to “about half” of what they tax the US.

“We will strengthen the domestic industrial base” and “break down” foreign trade barriers, he declared, noting that this would ultimately help consumers enjoy better prices.

“Our country and taxpayers have been ripped off for over 50 years, but that will stop,” Mr. Trump concluded, adding that “we will also put America first.”

 

According to Nongnghiep.vn

 

 

Pepper price today 4/4/2025: Brazilian black pepper price decreased

 Pepper price today 4/4/2025: Brazilian black pepper price decreased

Báo Nghệ An•04/04/2025

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Pepper price today April 4, 2025 in domestic market

Pepper prices today in some key growing areas remained unchanged compared to yesterday. Thereby, maintaining the domestic pepper price level at 157,000 VND/kg to 158,000 VND/kg.

In the Central Highlands region, pepper price today in Dak Lak remained unchanged compared to yesterday, currently at 158,000 VND/kg.

Pepper price today in Gia Lai is unchanged compared to yesterday, currently at 157,000 VND/kg.

Pepper price today in Dak Nong is unchanged compared to yesterday, currently at 158,000 VND/kg.

In the Southeast region, pepper price today in Ba Ria - Vung Tau is currently at 157,000 VND/kg, unchanged from yesterday. Dong Nai is unchanged from yesterday at 157,000/kg.

In addition, pepper price today in Binh Phuoc is unchanged compared to yesterday, currently at 158,000 VND/kg.

Currently, farmers in Gia Lai are actively harvesting pepper for the 2024-2025 crop year. Although domestic pepper prices are high, due to unfavorable weather, especially the prolonged cold spell during the flowering stage, productivity has decreased sharply, from 20% to 30% compared to the previous crop.

Gia Lai province currently has more than 7,500 hectares of pepper, mainly concentrated in districts such as Dak Doa, Chu Se, Chu Puh and Chu Prong. Vinh Linh pepper accounts for about 90% of the total area, the rest are Phu Quoc and Loc Ninh varieties. Of which, the pepper area currently being harvested is 6,157 hectares, with an average yield of about 3.5 dry tons/ha, for a total output of about 21,670 tons per year.

Gia Lai is also promoting the application of water-saving irrigation technology on more than 2,680 hectares and has 383 hectares of cultivation according to standards such as VietGAP, Organic and Rainforest. In the province, there are currently 5 facilities specializing in purchasing pepper and 9 facilities for preliminary processing and processing with a capacity of about 7,000 tons/year, meeting well the needs of processing and consumption.

In the Central Highlands and Southeast provinces, the harvest is being accelerated. Dak Nong has completed about 70% of the area, Dak Lak 40%, Lam Dong 60%. Provinces such as Gia Lai, Binh Phuoc, Dong Nai and Ba Ria - Vung Tau have also harvested about 50% of the area.

In Quang Tri, many farmers in districts such as Cam Lo and Vinh Linh are worried about crop losses due to massive pepper flower loss. The local agricultural sector identified the main cause as the prolonged cold and rainy season, which has resulted in low flower set rates, with many pepper gardens recording flower loss rates of up to 70-80%. In this situation, the agricultural sector recommends that people take proper care of their pepper gardens and promptly control pests and diseases to limit damage.

The decline in productivity this crop year has also been recorded in many localities such as Dong Nai, Gia Lai, Dak Lak and Ba Ria - Vung Tau. However, thanks to pepper prices increasing by more than VND10,000/kg compared to the beginning of the season, farmers are still optimistic.

In addition, this year the harvest is late, while many households have the mentality of keeping their goods and have more stable financial conditions, so they do not sell in bulk. This helps growers be more proactive in bringing goods to the market, creating stability for supply and selling prices.

Pepper price today 4/4 in the world market

In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Community (IPC) has updated the prices of pepper of all types traded in the international market on April 1 (local time) as follows:

Indonesian Lampung black pepper prices remained stable compared to yesterday at USD 7,239/ton. In addition, Muntok white pepper prices remained stable compared to yesterday at USD 10,066/ton.

Brazilian black pepper ASTA 570 price decreased slightly compared to yesterday at 6,950 USD/ton (down 0.72%).

Malaysia's ASTA black pepper price remained unchanged from yesterday at $9,900/ton. Meanwhile, the country's ASTA white pepper price was also stable from yesterday at $12,400/ton.

Prices of all types of pepper in Vietnam remained stable compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 7,100 USD/ton; 550 gr/l reached 7,300 USD/ton.

Similarly, Vietnam's white pepper price remained unchanged from yesterday at $10,100/ton.

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Source: https://baonghean.vn/gia-tieu-hom-nay-4-4-2025-gia-tieu-den-brazil-giam-10294400.html

Invitation to attend the Vietnam - Russia Business Connection Program 2025

 

Invitation to attend the Vietnam - Russia Business Connection Program 2025

In order to promote trade and investment cooperation between Vietnam and the Russian Federation, the Department of Trade Promotion in coordination with the Russian Import-Export Association (AEI) organized the Vietnam - Russia Business Connection Conference (B2B Meeting 2025).

The event is within the framework of the implementation of the Intergovernmental Agreement on Comprehensive Strategic Partnership between Vietnam and Russia, creating conditions for businesses of the two countries to strengthen cooperation, expand markets and seek business partners.

1. PURPOSE

– Connecting businesses, exchanging market information, seeking cooperation opportunities

– Update trade, tariff, import-export policies between the two countries

– Support businesses in establishing commercial partnerships

2. EVENT CONTENT

Participants:

– Representative of the Russian Import-Export Association (AEI)

– Russian enterprises in the fields of: (i) Chemical industry, construction materials, ecological cleaning products; (ii) Food, pharmaceuticals, natural cosmetics; (iii) Refrigeration equipment, agricultural products, seafood, rubber, fast-moving consumer goods (FMCG)…

Items to be imported from Vietnam: (i)  Food, fast-moving consumer goods (FMCG), household chemicals; (ii) Coconut milk, frozen pureed fruit, coconut charcoal; (iii) Coffee, cocoa, seafood, cosmetics, car tires, rubber.

3. REGISTER TO ATTEND

The Department of Trade Promotion respectfully invites interested businesses to attend.

🔸 Time: 09:00 – 04/04/2025

🔸 Location: 12 Nguyen Thi Minh Khai, Ward Da Kao, District 1, Ho Chi Minh City

➡️ Registration information: https://shorturl.at/9LHYt

➡️ List of AEI delegations: https://shorturl.at/nMnpG

👉 For details, please contact: Mr. Truc: 090 3115880; Email: truchh@vietrade.gov.vn

According to Ministry of Industry and Trade

Accompanying businesses to respond to US tax policies

 

Accompanying businesses to respond to US tax policies

In difficulty, there is always a potential opportunity to restructure, upgrade the value chain and move towards a more modern agriculture on the global trade map.

In the context that Vietnamese enterprises and agricultural products are facing great challenges from the new tax policy announced by US President Donald Trump, Minister of Agriculture and Environment Do Duc Duy provided information on the situation and response solutions in the meeting on the afternoon of April 7 with associations and enterprises exporting goods to the US as well as receiving recommendations and proposals from enterprises.

Government efforts to respond

The Minister said that in recent days, the Party, State and Government have implemented many flexible solutions to respond to changes in US tax policy. Although ministries and sectors have prepared carefully and had contingency plans in advance, the announced high tax rate still surprised many businesses. In fact, even within the US, there are conflicting opinions about this policy, making future developments unpredictable.

Not only is it a matter of tariffs, this policy also involves factors such as the two-way trade gap, non-tariff taxes and many other factors that the United States has a very good understanding of. This has led to many US businesses and trading partners having to suspend or cancel contracts with Vietnam.

Although the Government has made every effort to provide support, Minister Do Duc Duy said that we must always prepare for the worst scenario, including discussions and persuasion with US representatives in Vietnam.

No confrontation, together to overcome difficulties

Faced with great challenges, the Government and ministries and branches have determined the guiding principles as: calm, flexible, close to reality, accompanying businesses and proactively negotiating.

"Vietnam's stance is not to confront, but to seek comprehensive, long-term solutions, with special attention paid to negotiations," the Minister affirmed.

The Government always stands side by side with businesses and will continue to listen and offer advice to find practical solutions. At the same time, solidarity and consensus for the common interests of the industry community and the country will be the decisive factor in this difficult period.

In negotiations with the United States, we need to promote the existing advantages of Vietnamese agricultural products: good quality, competitive prices, not directly competing with US domestic production, and many items have no alternatives.

In addition, it is necessary to see challenges as opportunities to restructure production, industries and export markets. This is the right time to promote the development of high value-added products, towards a more sustainable and high-quality production model. The United States is still one of the large, potential and high-profit markets for Vietnamese agricultural products.

The Minister said that the Ministry of Agriculture and Environment has and will continue to implement solutions previously directed by the Government. In particular, negotiations with US partners such as the US Department of Agriculture and the US Embassy in Vietnam will be strongly promoted, in order to have a common voice with the US Government.

In particular, the Ministry will direct localities, businesses and farmers to maintain production plans without changes during this time. At the same time, it will support businesses in finding alternative markets and continue to record recommendations from businesses and associations to propose to the Government.

In addition, the Ministry will also review technical barriers to both the export and import of agricultural products, especially agricultural products from the United States. The Ministry will also coordinate with businesses to research and develop industries that produce agricultural inputs, such as animal feed and pesticides, to reduce input costs. At the same time, it will encourage deep processing, restructuring production, improving storage capacity, and increasing the competitiveness of goods.

Turn challenges into opportunities

In addition to long-term solutions, the Minister also acknowledged important recommendations from businesses and associations. These opinions will be received and considered for early implementation by the Ministry of Agriculture and Environment, such as: separate negotiations on agricultural tax packages with the United States, which have been initially discussed with the Government and the working group of Deputy Prime Minister Ho Duc Phoc.

Study the possibility of shifting the production chain, for example importing logs from the US, processing domestically, and exporting to China.

Review export taxes on agricultural, forestry and fishery products to markets outside the United States to ensure harmonization of interests.

Propose to the Ministry of Finance to shorten the VAT refund period, creating favorable cash flow for businesses.

Proposing to redefine the concept of "preliminary processing" for exported aquatic products, to ensure preferential tax policies, VASEP has committed to sending an official document soon.

Promote reduction of logistics costs, support businesses in transportation, storage and preservation of goods

Propose a comprehensive support package in case negotiations do not achieve positive results, including credit support, land rent exemption and reduction, tax payment extension, support for farmers in production and cultivation, and establishment of a Technology Development Fund for agricultural production.

The Minister requested that businesses and associations promptly complete petition documents and send them to the Ministry for synthesis and reporting to the Government in a systematic, synchronous and legally-based manner.

Despite facing great difficulties, the message from the Government is clear: not to be passive, not to be drawn into confrontation, but always ready to act with a proactive, responsible and courageous spirit.

With the determination and consensus of all levels, sectors and the business community, the leaders of the agricultural and environmental sectors believe that all will overcome this difficulty, maintain the market and develop sustainably in the future.

According to Nongnghiep.vn

Related News:

Pepper Market March 31, 2025

 

Pepper Market March 31, 2025: Pepper price decreased slightly at the beginning of the week

Pepper prices today (March 31) decreased slightly by 1,000 VND to 159,000 VND/kg. Immediately after the harvest, Dak Nong farmers focused on recovering and taking full care of pepper plants, aiming for success in the next crop.

In the world market

In the world market, pepper prices have not recorded any new fluctuations. The International Pepper Community (IPC) is listing the highest price of Kuching black pepper from Malaysia at 9,900 USD/ton; followed by Lampung black pepper from Indonesia at 7,239 USD/ton; while ASTA 570 black pepper from Brazil is the lowest at 7,000 USD/ton.

 Vietnam's export  black pepper price  fluctuates between 7,100 USD/ton for 500 g/l and 7,300 USD/ton for 550 g/l.

Type name	World black pepper price list
	March 31 (Unit: USD/ton)	% change from previous day
Lampung Black Pepper (Indonesia)	7,239	–
Brazilian Black Pepper ASTA 570	7,000	–
Kuching Black Pepper (Malaysia) ASTA	9,900	–
Vietnamese black pepper (500 g/l)	7,100	–
Vietnamese black pepper (500 g/l)	7,300	–

At the same time of survey, the price of Malaysian ASTA white pepper reached 12,400 USD/ton, Vietnamese white pepper was 10,100 USD/ton and Indonesian Muntok white pepper reached 10,066 USD/ton.

Type name	World white pepper price list
	March 31 (Unit: USD/ton)	% change from previous day
Muntok Indonesian White Pepper	10,066	–
ASTA Malaysian White Pepper	12,400	–
Vietnam white pepper	10,100	–

Update pepper information

Dak Nong Newspaper reported that right after the harvest, Dak Nong farmers focused on restoring and taking full care of pepper plants, aiming for success in the next crop.

According to the leader of Dak Nong Agricultural Development Department, post-harvest pepper care plays an important role and significance for the plant's resistance, especially in the current changing weather conditions.

Farmers are promoting the application of integrated pest management (IPM) and scientific and technical advances in production right from the beginning of the season to cut off the source of pests and diseases spreading to the next season.

During this period, in general, farmers need to let the pepper plants dry out and have time to sleep, rest, and differentiate flower buds. However, farmers should not neglect care, and should not expose the pepper roots to the sun, which will make the plants lose strength and become susceptible to fungal diseases later on.

People also need to use covering materials and root covers to effectively prevent drought; need to maintain moderate humidity, provide enough nutrients on-site, and promptly for plants.

Farmers should balance the types and amounts of fertilizers, paying attention to using more biological and microbial fertilizers because plants can easily absorb them in dry conditions.

By doing this, when the new flowering and fruiting season comes, the pepper plant will be ready to resist disease, especially in the rainy season, and grow fruit better.

Mr. Ngo Xuan Dong, Deputy Director of the Department of Agriculture and Environment of Dak Nong, said that through monitoring by the functional sector, in recent years, farmers' techniques for taking care of pepper gardens have become increasingly stable. The good news is that the trend of sustainable production, organic farming, and natural farming is increasingly being replicated by people.

Dak Nong currently has over 2,200 hectares of pepper meeting international standards such as Flo, Rainforest; 600 hectares of organic certification; 300 hectares of pepper meeting VietGAP certification.

The province continues to promote solutions for sustainable pepper development associated with linkage chains and product lines between farmers, cooperatives, businesses, especially large spice businesses in the world to improve quality and value.

Dak Nong pepper acreage ranks first in the Central Highlands and the whole country with 34,000 hectares. The average pepper yield of the province is about 2.4 tons/ha, the total annual output is about 70,000 tons.

According to VietnamBiz.vn

 

Agricultural product prices on March 28, 2025: Coffee unexpectedly drops sharply, pepper continues to be stable

DNVN - The agricultural market on March 28, 2025 recorded a significant drop in coffee prices compared to the previous trading session, with a decrease of up to VND 2,000/kg in all regions. Meanwhile, pepper prices remained stable compared to yesterday and continued to remain high. In key areas, the average pepper price is currently at VND 159,400/kg.

Tạp chí Doanh Nghiệp•28/03/2025

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Illustration photo. Photo: Internet

Coffee prices plummet

At the London exchange, at 5:00 a.m. on March 28, 2025, Robusta coffee prices continued to decline compared to the previous session, with the decrease fluctuating between 78 - 86 USD/ton, bringing the price down to around 5,172 - 5,485 USD/ton. Specifically, the May 2025 delivery contract reached 5,351 USD/ton; the July 2025 contract recorded 5,361 USD/ton; the September 2025 contract was priced at 5,327 USD/ton and the November 2025 contract stopped at 5,246 USD/ton.

In line with the trend, the price of Arabica coffee on the New York floor on the morning of March 28 decreased sharply compared to the previous session, decreasing from 9.45 - 13.20 cents/lb, fluctuating from 359.20 - 392.10.40 cents/lb. Of which, the contract for delivery in May 2025 was at 378.80 cents/lb; the contract for July 2025 was priced at 374.95 cents/lb; the contract for September 2025 stopped at 370.30 cents/lb and the contract for December 2025 closed at 362.85 cents/lb.

In the Brazilian Arabica coffee market, at the end of the trading session, prices decreased across all terms compared to the previous session, ranging from 452.85 - 483.25 USD/ton. Specifically, the contract for delivery in May 2025 reached 483.00 USD/ton; the contract for delivery in July 2025 was priced at 471.60 USD/ton; the contract for delivery in September 2025 was recorded at 465.55 USD/ton and the contract for delivery in December 2025 stopped at 452.85 USD/ton.

Domestic coffee market adjusted down

Updated at 5:00 a.m. on March 28, 2025, coffee prices in the Central Highlands provinces decreased sharply compared to the previous session, with a decrease of up to 2,000 VND/kg in the entire locality. The average purchase price is currently recorded at 133,400 VND/kg.

In more detail, coffee prices in Dak Lak were traded at VND133,400/kg; in Lam Dong, coffee prices reached VND132,400/kg; Gia Lai recorded a price of VND133,300/kg, while Dak Nong maintained at VND133,400/kg.

In the 2024–2025 coffee harvest in Kbang District, Gia Lai Province, the yield was quite high. Mr. Nguyen Van Trang, a farmer in Dak Roong Commune, harvested about 10 tons of coffee beans on an area of ​​3 hectares. After the 2025 Lunar New Year, he sold half of the yield at VND120,000/kg to cover debts and living expenses.

The remaining amount, equivalent to about 5 tons, was kept by Mr. Trang because he noticed that the coffee price kept increasing every week and month. According to him, this was a record high price in the coffee industry, so people decided to keep the goods, waiting for a better price before selling.

The leader of the Vietnam Coffee and Cocoa Association (VICOFA) said that when coffee prices reached VND130,000/kg in early March, most farmers in the Central Highlands and Southeast stopped selling. This forced purchasing units to raise prices to get supply.

It is forecasted that in the coming time, if the hoarding situation continues, coffee prices may increase to 140,000 - 150,000 VND/kg. However, this also poses a big challenge for processing and exporting enterprises as input costs are getting higher and higher.

Pepper prices remain stable

As of 5:00 a.m. on March 28, 2025, domestic pepper prices remained unchanged compared to yesterday, continuing to stay at a high level. Currently, the average purchase price in key areas is 159,400 VND/kg.

Specifically, in Gia Lai, pepper prices remained stable at VND159,000/kg after increasing sharply in the previous session. In Ba Ria - Vung Tau, pepper prices also remained at VND159,000/kg.

In Binh Phuoc, pepper prices continued to remain stable at 159,000 VND/kg.

In Dak Lak, after increasing in the previous trading session, pepper price today remained unchanged at 160,000 VND/kg.

In Dak Nong, the pepper market continues to be stable, pepper price is still purchased at 160,000 VND/kg.

World pepper prices remain high

According to data from the International Pepper Community (IPC), at 5:00 a.m. on March 28, 2025, the world pepper market did not fluctuate compared to the previous session, remaining at a high level.

Currently, Lampung black pepper price (Indonesia) is being traded at 7,229 USD/ton, while Muntok white pepper price is 10,052 USD/ton.

The Malaysian pepper market also recorded stability, with ASTA black pepper prices at USD 9,900/ton and ASTA white pepper reaching USD 12,400/ton.

In Brazil, pepper prices remained stable after the previous increase, currently reaching 7,000 USD/ton.

Vietnam's pepper export market continues to maintain a stable and high level. Specifically, Vietnam's black pepper export price is 7,100 USD/ton for 500 g/l; 550 g/l is 7,300 USD/ton; while white pepper is traded at 10,100 USD/ton.

Pepper industry maintains growth momentum

In recent years, the Vietnamese pepper industry has made significant progress. Pepper growers increasingly focus on organic and sustainable production. Many farmers have also proactively linked value chains and invested in deep processing to improve product quality, serving both domestic and export markets.

In the Central Highlands, the pepper harvest is progressing rapidly. In Dak Nong, about 70% of the area has been harvested; Lam Dong has reached about 60%; Dak Lak has only harvested 40%, while other localities have fluctuated around 50%. Although the harvest output is quite large, the actual supply is still limited due to the psychology of holding goods waiting for high prices. Meanwhile, businesses and traders are facing difficulties with working capital, warehouses and interest costs that increase seasonally.

In the first two months of the year, Vietnam’s pepper exports fell by 15.8% but the value increased by nearly 40%, reflecting a strong price trend. As domestic supply is scarce, many businesses have sought imports from other markets. Notably, Vietnam is currently Brazil’s largest customer, with a total import volume of more than 4,200 tons of pepper, worth nearly 26 million USD, nearly triple that of the same period last year.

It is forecasted that in the coming time, pepper prices will still have many positive prospects as demand from major markets such as the US and EU continues to be high, while domestic supply is limited due to farmers' tendency to hoard goods.

Lan Le (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-nong-san-ngay-28-3-2025-ca-phe-giam-manh-bat-ngo-ho-tieu-tiep-tuc-on-dinh/20250328100822917