Pepper Market on January 29, 2025

 

The market is quiet during the Lunar New Year holiday

Pepper prices today (January 29) remained stable at 147,000 - 148,000 VND/kg, the market was generally quiet in the first days of the Lunar New Year holiday. Similarly, world pepper prices also remained mostly flat.

Update pepper price

In the domestic market

Survey shows that  pepper prices  today remain stable at 147,000 - 148,200 VND/kg in key provinces and cities.

In the Central Highlands region,  pepper prices   in Dak Lak and Dak Nong provinces are being purchased at the highest level of 148,200 VND/kg. Following is pepper prices in Gia Lai province at 147,500 VND/kg.

In the Southeast region, pepper prices in Ba Ria - Vung Tau, Dong Nai and Binh Phuoc were purchased at 147,000 VND/kg.

Province/district (survey area)	Purchase price on January 29 (Unit: VND/kg)	Change from previous day (Unit: VND/kg)
Dak Lak	148,000	–
Gia Lai	147,500	–
Dak Nong	148,200	–
Ba Ria – Vung Tau	147,000	–
Binh Phuoc	147,000	–
Dong Nai	147,000	–

In the world market

Similar to the domestic market in Vietnam, pepper prices at other suppliers have also remained mostly flat in recent trading sessions.

In the most recent trading session, the International Pepper Community (IPC) listed Lampung black pepper (Indonesia) at 7,157 USD/ton; ASTA 570 Brazilian black pepper at 6,150 USD/ton and Kuching Malaysian black pepper at 9,000 USD/ton.

Vietnam black pepper prices continued to move sideways at around 6,350 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l.

Type name	World black pepper price list
	January 29 (Unit: USD/ton)	% change from previous day
Lampung Black Pepper (Indonesia)	7,157	–
Brazilian Black Pepper ASTA 570	6.150	–
Kuching Black Pepper (Malaysia) ASTA	9,000	–
Vietnamese black pepper (500 g/l)	6,350	–
Vietnamese black pepper (500 g/l)	6,650	–

At the same time of survey, the price of Indonesian Muntok white pepper reached 9,456 USD/ton. Meanwhile, the  export  price  of Vietnamese white pepper reached 9,550 USD/ton and Malaysian ASTA white pepper reached 11,600 USD/ton.

Type name	World white pepper price list
	January 29 (Unit: USD/ton)	% change from previous day
Muntok Indonesian White Pepper	9,456	–
ASTA Malaysian White Pepper	11,600	–
Vietnam white pepper	9,550	–

Update pepper information

According to IPC, the average FOB price of black pepper from major producing countries in 2024 increased by about 45% compared to the previous year. Meanwhile, the average FOB price of white pepper recorded a lower increase of about 34%.

Brazil's FOB black pepper export price recorded a sharp increase compared to producing countries with an increase of 48.4%, from an average of 3,125 USD/ton in 2023 to 4,639 USD/ton in 2024.

In 2024, Malaysia also recorded an increase of 37% for FOB black pepper prices and 26% for white pepper, averaging USD 6,718/ton and USD 8,881/ton, respectively.

The FOB price of black pepper exported from India recorded an increase of 11%, the lowest increase among producing countries, from an average of 6,713 USD/ton in 2023 to 7,460 USD/ton in 2024. This is also the country with the highest pepper price in the world in 2024.

In line with the world's upward trend, Indonesia's FOB black pepper export price also recorded an increase of 53%, from an average of 3,824 USD/ton in 2023 to 5,855 USD/ton in 2024. Meanwhile, the FOB price of Indonesian white pepper increased by 26%, from an average of 6,212 USD/ton in 2023 to 7,852 USD/ton in 2024.

Also according to IPC data, the price of 500 g/l black pepper in Vietnam in 2024 will average 5,447 USD/ton, up 58.6% compared to 2023. In addition, the price of white pepper will increase by 61.3% and reach an average of 8,061 USD/ton.

According to the Vietnam Pepper and Spice Association (VPSA), global pepper prices in 2025 are expected to remain high due to a decrease in supply, while demand in major markets such as the US and Europe remains stable. The demand for pepper in the food and spice processing industries remains the main driver of the market.

According to VietnamBiz.vn

Pepper Market on January 30, 2025: Pepper trade in India to soar in 2024

 

Pepper Market on January 30, 2025: Pepper trade in India to soar in 2024

Pepper prices today remain stable at 147,000 - 148,000 VND/kg. As of November 2024, India imported 43,879 tons of pepper of all kinds, a sharp increase of 37.8% compared to the same period in 2023. Sri Lanka, Vietnam and Brazil are the three main suppliers to this country.

Update pepper price

In the domestic market

According to records,  pepper prices today (January 30) continue to move sideways at 147,000 - 148,000 VND/kg.

Specifically,  pepper prices   in Dak Lak and Dak Nong provinces reached the highest level of 148,200 VND/kg. Next was pepper prices in Gia Lai province at 147,500 VND/kg.

Pepper prices in other localities in the Southeast region such as Ba Ria - Vung Tau, Dong Nai and Binh Phuoc are lower at 147,000 VND/kg.

Province/district (survey area)	Purchase price on January 30 (Unit: VND/kg)	Change from previous day (Unit: VND/kg)
Dak Lak	148,000	–
Gia Lai	147,500	–
Dak Nong	148,200	–
Ba Ria – Vung Tau	147,000	–
Binh Phuoc	147,000	–
Dong Nai	147,000	–

In the world market

The domestic market of Vietnam, the world's largest pepper producer and  exporter   , closed for the Lunar New Year holiday, also causing a lull in the international market.

Currently, the International Pepper Community (IPC) is listing the price of Lampung black pepper (Indonesia) at 7,157 USD/ton; ASTA 570 black pepper from Brazil is priced at 6,150 USD/ton and Kuching black pepper from Malaysia is priced at 9,000 USD/ton.

Vietnam black pepper prices remained stable at around 6,350 USD/ton for 500 g/l and 6,650 USD/ton for 550 g/l.

Type name	World black pepper price list
	January 30 (Unit: USD/ton)	% change from previous day
Lampung Black Pepper (Indonesia)	7,157	–
Brazilian Black Pepper ASTA 570	6.150	–
Kuching Black Pepper (Malaysia) ASTA	9,000	–
Vietnamese black pepper (500 g/l)	6,350	–
Vietnamese black pepper (500 g/l)	6,650	–

Similarly, the price of Indonesian Muntok white pepper remained unchanged at USD 9,456/ton. Meanwhile, the export price of Vietnamese white pepper was USD 9,550/ton and Malaysian ASTA white pepper was USD 11,600/ton.

Type name	World white pepper price list
	January 30 (Unit: USD/ton)	% change from previous day
Muntok Indonesian White Pepper	9,456	–
ASTA Malaysian White Pepper	11,600	–
Vietnam white pepper	9,550	–

Update pepper information

According to IPC, in 2023 India surpassed Brazil to become the second largest pepper producing country in the world, however, most of India's pepper production is consumed domestically.

In 2024, India's pepper output will reach 125,000 tons and is the country with the highest increase in pepper production of about 7% (8,000 tons) compared to 2023.

However, the IPC forecasts that the situation will not be optimistic in 2025 when the output reduction could be up to 38%. The reason is the impact of floods and rains, leading to farmers limiting investment and liquidating inventories when domestic prices decrease.

As of November 2024, India exported 18,196 tons of pepper, an increase of 30% (4,200 tons) compared to 13,997 tons in the same period in 2023. Of which, the US is the largest export market with a volume of 7,130 tons, a sharp increase of 39.2% over the same period.

Meanwhile, India also  imported   43,879 tons of pepper from other countries in the first 11 months of 2024, a sharp increase of 37.8% compared to the same period in 2023. Sri Lanka, Vietnam and Brazil are the three main suppliers to India. Accordingly, imports from Sri Lanka reached 21,886 tons, up 75.3%; from Vietnam reached 9,809 tons, up 2%; from Brazil reached 6,466 tons, up 39.8%.

Domestic consumption of pepper increased significantly last year to 131,000 tonnes due to increased demand from masala manufacturers, the Indian Pepper and Spices Trade Association (IPSTA) said.

According to IPC data, the FOB export price of black pepper from India recorded an increase of 11%, the lowest increase among producing countries, from an average of USD 6,713/ton in 2023 to USD 7,460/ton in 2024.

According to VietnamBiz.vn

Can the upward momentum of pepper prices be maintained in 2025?

 

Can the upward momentum of pepper prices be maintained in 2025?

Declining production is expected to be the main driver for pepper prices in 2025.

Pepper prices  increase for second consecutive year 

 In 2024, the pepper market recorded the second consecutive year of strong growth in price and export  turnover . Accordingly, domestic pepper prices at the end of this year nearly doubled compared to the beginning of the year to 140,000 VND/kg.

 Source: Giatieu.com (H.My compiled)

Regarding consumption, Vietnam exported 250,600 tons of pepper of all kinds, earning 1.3 billion USD, down 5.1% in volume but up 45.4% in value compared to the previous year. The main reason is that the average export price of black pepper in 2024 reached 5,154 USD/ton, up 49.7% and white pepper reached 6,884 USD/ton, up 38.9% compared to last year.

Declining manufacturing activity has contributed to pushing up domestic and export prices in recent times.

 Source: General Department of Customs (compiled by H.Mị)

According to the Vietnam Pepper and Spice Association (VPSA), unfavorable weather conditions have negatively affected pepper production. In Dak Nong, the capital of Vietnam’s pepper, output was recorded at the same level as last year.

In addition, the trend of crop conversion is also affecting output. Typically, in Dak Lak province, the province with the second largest pepper area and output in the country, it is assessed that it has decreased as people switch to growing durian and there is not much new planting.

It is expected that farmers will start harvesting pepper after Tet and it will last until the end of April.

Talking to us at the VPSA summary conference held on January 16, Mr. Thai Nhu Hiep - Chairman of the Board of Directors and Director of Vinh Hiep Company Limited, said that in recent years, the Central Highlands has had plants that have brought good economic efficiency, including coffee, durian, etc. As for pepper, although it also brings very high values, the cost of land improvement is very high, and this work is very difficult and risky. Therefore, the pepper growing area in Vietnam is increasingly narrowing.

Major pepper growing countries such as Indonesia and Brazil also recognize that growing  coffee   is more efficient and profitable. At the same time, coffee consumption is increasing while supply is decreasing. As for pepper, consumer demand has not increased at all, and price increases sometimes come from speculation and resale between traders.

“When prices are high, people can abstain from using pepper but cannot abstain from drinking coffee,” said Mr. Hiep.

Supply is decreasing, supporting pepper prices

The Chairman of Vinh Hiep Company believes that the trend of increasing export value but decreasing export volume will continue in 2025 when the world's inventory is not much left. Meanwhile, in Vietnam, the goods are mainly in the hands of speculators. They have been buying since the price was around 110,000 VND/kg. These people use money from taking profits from other agricultural products that have just experienced a hot period such as coffee, durian, ... to buy pepper.

“Speculators think that pepper prices could reach VND200,000/kg in 2025-2026. We cannot judge whether that view is right or wrong, but we can clearly see that output is gradually decreasing,” said Mr. Hiep.

According to VPSA's forecast, global pepper output in 2025 will continue to decrease compared to 2024, marking the fourth consecutive year of decline since 2022. This reflects the fact that pepper is no longer the main crop of many farmers, especially in the context of the significant increase in economic value of other crops such as durian, coffee and oil palm. In addition, climate change with extreme weather events has reduced productivity and increased the cost of maintaining pepper production.

“Global pepper prices in 2025 are expected to remain high due to reduced supply, while demand in major markets such as the US and Europe remains stable. Demand for pepper in the food and spice processing industries remains the main driver of the market,” VPSA said.

Regarding export activities, Mr. Hiep said that currently, businesses have also learned from the previous crop year when they only sign export contracts when they are sure they have purchased the goods.

“In the previous crop year, many businesses “short-sold” pepper, meaning they signed sales contracts and then purchased pepper from farmers. However, last year, farmers’ economic life improved a lot, so the pressure to sell pepper to make ends meet was not great. This put businesses at great risk when it was difficult to buy goods to deliver to  importing  businesses ,” Mr. Hiep shared.

According to VietnamBiz.vn

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Vietnam’s pepper prices to keep rising

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• Business VNA/VNS

  HCM CITY: The price of Vietnamese pepper is expected to continue increasing in 2025 due to a global supply decline, while demand in major markets such as the United States and Europe remains stable, and China may start purchasing pepper from Vietnam after the Lunar New Year.

  Industry insiders said as much at the annual meeting of the Vietnam Pepper and Spice Association (VPSA) in HCM City late last week.

  According to the International Pepper Community (IPC), global pepper production in 2024 decreased by about 4% (22,000 tonnes) compared to 2023, mainly due to a decline in production in Brazil and Vietnam.

  The IPC forecasts that global pepper production in 2025 will continue to decline, due in part to the lower economic efficiency of pepper compared to other crops, leading many farmers to no longer choose pepper as a primary crop.

  Climate change has also reduced pepper yields, while production costs have risen significantly.

  Hoang Thi Lien, chairwoman of VPSA, said that last year, Vietnam exported 250,600 tonnes of pepper of all kinds worth a total value of more than US$1.3bil, with exports of black pepper accounting for US$1.1bil and white pepper US$200mil.

  Although the pepper export volume in 2024 decreased by 5.1% compared to 2023, the export value surged by 45.4% thanks to a substantial increase in export prices, she added.

  

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  The United States was Vietnam’s largest pepper export market in 2024, with 72,311 tonnes accounting for 28.9% of the total, marking a 33.2% increase from 2023.

  The United States was followed by the United Arab Emirates, Germany, the Netherlands and India, she said.

  Ho Tri Nhuan, director of Gohan Co Ltd, said in 2024, demand for pepper in the US market was initially expected to grow by only 5%.

  However, due to concerns over rising prices, importers started stockpiling, increasing their purchases by up to 40%.

  He noted that based on assessments of supply and demand, pepper exports in 2025 were expected to face both opportunities and uncertainties.

  Stable market demand and reduced output in some regions would help maintain high pepper prices.

  However, the extent of price increases would depend on the purchasing pace of key markets like the United States and China, he said.

  According to Nhuan, pepper prices in 2025 are expected to rise further.

  Nhuan said China was expected to increase its purchases as soon as Vietnam begins its main harvest season this spring, while the United States might buy at a slower pace due to high
  
  
  https://www.thestar.com.my/business/business-news/2025/01/20/vietnams-pepper-prices-to-keep-rising
  

Yearly spices market update 13th January 2025 – Week 2.

 

Pepper price has had an impressive increase in 2024 with an increase from 83,500vnd from January 1, 2024 to 152.000 until December 31st, 2024, corresponding to an increase of 82%.

In 2024, Vietnam exported 250,600 tons of pepper, of which black pepper reached 220,269 tons and white pepper reached 30,331 tons. Total export turnover reached 1 billion 318.3 million USD, black pepper reached 1 billion 117.7 million USD, white pepper reached 200.6 million USD. Compared to 2023, the export volume decreased by 5.1%, but the export turnover increased by 45.4%. The average export price of black pepper in 2024 reached 5,154 USD/ton, up 49.7% and white pepper reached 6,884 USD/ton, up 38.9% compared to last year.

 

Please see the REPORT FILE & FULL QUOTATION LIST by click to download.

 

https://ptexim.com.vn/reports/yearly-report-of-black-pepper-market-and-other-spices-in-2024/

Warm Regards!

 

Hien, Nguyen Vu (Mr.)
General Director

 

 

Pepper price today January 8, 2025

 

Pepper price today January 8, 2025, domestic prices increased simultaneously

Industry and Trade Newspaper

January 8, 2025

Today's pepper price January 8, 2025, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, daily pepper price 8/1.

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on January 8, 2025 as follows: Domestic pepper prices increased sharply, the increase was from 1.000 - 2.000 VND/kg, in which many localities recorded pepper prices above 150.000 VND/kg.

Specifically, pepper price today in the province Gia Lai recorded an increase of 1.000 VND/kg compared to the previous trading session, currently being purchased at 149.500 VND/kg; similarly, pepper price in Ba Ria - Vung Tau increased by 1.000 VND/kg, currently at 150.000 VND/kg; pepper price in the province Dak Nong increased by 1.000 VND/kg, the current purchase price in this locality is up to 151.000 VND/kg, the highest in the country; pepper price in the province Dak Lak increased by 1.500 VND/kg, currently at 150.500 VND/kg; in the province alone Binh Phuoc Pepper price increased by 2.000 VND/kg and is being purchased at 150.000 VND/kg.

 

According to the Vietnam Pepper and Spice Association (VPSA), in the month of December 2024, Vietnam imported about 3.750 tons of pepper of all kinds, of which black pepper reached 2.777 tons and white pepper reached 973 tons, with a total import turnover of 20,9 million USD, down 14,4% of import volume compared to the previous month.

In 2024, Vietnam also imported 36.727 tons of pepper of all kinds, of which black pepper reached 31.755 tons, white pepper reached 4.972 tons, total import turnover reached 176,2 million USD, compared to 2023, import volume increased by 38,4%, turnover increased by 99,5%.

According to statistics, Indonesia, Brazil and Cambodia are the three largest pepper suppliers to Vietnam in 3, reaching 2024 tons, 17.194 tons and 9.558 tons respectively. Of which, imports from Indonesia and Cambodia increased sharply by 6.798% and 431,2%, while imports from Brazil decreased by 80,7%.

Farmers in Duc Trong district, Lam Dong province harvest pepper.

In addition, in 2024, Vietnam exported a total of 250.600 tons of pepper of all kinds, of which black pepper reached 220.269 tons and white pepper reached 30.331 tons. The total export turnover reached 1,32 billion USD, including black pepper 1,117 billion USD, white pepper 200,6 million USD. Compared to 2023, the export volume decreased by 5,1%, but the turnover increased by 45,4%.

The US is Vietnam's largest pepper export market in 2024, estimated at about 72.311 tons, up 33,2% compared to 2023 and accounting for 28,9% of the market share. This is also the highest export volume ever to this market.

China, the US and the EU are major consumer markets, expected to increase imports in 2025. China alone imported 9.677 tons of pepper in the first 11 months of 2024, up 15,1% in volume and 42,1% in value over the previous year.

People in Dak Nong province take care of pepper

Pepper price world today

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on January 8, 2025 as follows: The world pepper market increased slightly and stabilized at a fairly high level. In particular, pepper prices in Indonesia continued to increase slightly, increasing from 10 - 13 USD/ton.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6.852 USD/ton (up 10 USD/ton) compared to the previous trading session, similarly, the price of Muntok white pepper was purchased at 8.966 USD/ton (up 13 USD/ton).

The Malaysian pepper market remains high, currently the price of Malaysian ASTA black pepper is purchased at 8.600 USD/ton compared to the previous trading session; the price of ASTA white pepper is at 10.900 USD/ton.

The Brazilian pepper market is stable, with little fluctuation compared to the previous trading session, currently at 6.325 USD/ton.

The export price of Vietnamese black pepper is stable, increasing slightly, currently reaching 6.400 USD/ton for 500 g/l and 550 USD/ton for 6.700 g/l; the price of white pepper is high at 9.600 USD/ton.

 

Prices of plantation crops gain on adverse climatic conditions in 2024

 Adverse climatic conditions took its toll on India’s productions of important agri commodities like tea, coffee, cardamom and rubber during the year 2024. However, the prices of tea and coffee, the country’s two most popular brews, witnessed buoyancy on the back of lower productions mainly due to unfavourable climatic conditions.

Unfavourable weather conditions also reduced yields for pepper and cardamom and that led prices of the two spices to remain steady throughout 2024. Moreover, robust global demands further contributed to the uptick in prices.

Coffee industry

Indian coffee industry benefitted to a great extent from the surging trend in the global prices during 2024, which was largely driven by the tight supplies from large producers such as Brazil and Vietnam among others, where erratic climate impacted the output. The buoyant price trend is seen continuing into the new year.

Higher buying from European customers such as Italy and Germany led to the shipments exceeding the 4 lakh tonnes mark during the calendar year 2024.

Pepper and cardamom reported steady prices throughout 2024 and factors such as unfavourable weather conditions, reduced yields, and robust global demand contributed to the uptick in prices, according to R Sanjith, Secretary General, UPASI.

Cardamom production is expected to decline during 2024-25 due to severe drought like situation from January to May last year with no rains for nearly 122 days and the production would be in the range of 18,000-20,000 tonnes. With lower yields expected from India and Guatemala, the market is bracing for supply constraints as demand gears up, Sanjith said.

The anticipated shortfall could boost demand for Indian cardamom, creating export opportunities in Gulf markets for their upcoming festive season. Average price for the crop season August- October, 2024 was Rs 2253.14 per kg, an increase of Rs 427.49 per kg compared to the corresponding period of 2023.

Mainly due to increase in shipments to Iran and Iraq, tea industry has also witnessed higher export despite geopolitical tensions. According to exporters’ associations, export of the brew could be in the range of 245-260 million kgs in 2024 compared with 231.69 million kgs last year.

“In the last year we were able to capture a lot of overseas markets from Sri Lankan exporters, particularly the Iraq market. And that was a real increase in 2024. 2025 also looks promising,” South India Tea Exporters Association Chairman Dipak Shah said.

Geopolitical tensions

The geopolitical tensions coupled with the disruption in key maritime routes such as the Suez Canal due to the rebel attacks did inflate the transportation cost for exporters, leading to higher commodity prices.

As per Spices Board estimates, Indian pepper production during 2024 was at 124000 tonnes, which was higher by 8,000 tonnes compared to previous year, while 2025 crop is estimated at 77.500 tonnes.


https://www.thehindubusinessline.com/news/agri-commodities-market-hit-by-adverse-climatic-conditions-in-2024/article69064895.ece