Pepper price today April 16, 2025, domestic price maintains upward trend

Domestic pepper price today - continues to increase

Today's pepper price was updated at 4:30 a.m. on April 16, 2025 as follows: The domestic pepper market continued to increase compared to yesterday, an increase of 1,000 - 1,500 VND/kg. Currently, the average pepper purchase price in key areas is 156,600 VND/kg.

Specifically, pepper prices today in Gia Lai province rebounded, an increase of 1,500 VND/kg compared to yesterday, currently the pepper purchasing price in this locality is at 155,500 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau also increased, increasing by 1,000 VND/kg compared to yesterday, currently pepper is purchased at 156,000 VND/kg.

Pepper prices in Binh Phuoc also increased again, an increase of 1,500 VND/kg compared to the previous trading session, currently the pepper price is purchased at 155,500 VND/kg.

Dak Nong pepper price rebounded compared to previous flat sessions, an increase of 1,500 VND/kg, currently the pepper purchasing price in this locality is at 158,000 VND/kg.

Pepper prices in Dak Lak have also increased again, an increase of 1,000 VND/kg compared to yesterday. Currently, the pepper purchase price in this locality is the highest in the country at 158,000 VND/kg.

Domestic pepper prices updated on the morning of April 16, 2025

Experts say that domestic pepper prices are on the path to strong recovery after a period of stagnation due to the impact of the US imposing high reciprocal taxes on Vietnamese goods, including pepper.

The move to postpone the tax not only helps relieve the waiting mentality in the market but also encourages import businesses to boost transactions to avoid cost risks after the extension period expires.

Pepper traders say that previously, pepper exports to the US were almost tax-free. However, many shipments currently en route to the US will face a new 10% tax, even though contracts were signed before the tax announcement. This means that import partners may renegotiate prices when the goods arrive at the port. Immediately after the tax announcement, importers increased purchases due to concerns that the tax rate after the 90-day suspension could be even higher.

Farmers in Dak Nong province harvest pepper

According to the Vietnam Pepper and Spice Association (VPSA), Vietnam currently maintains its position as the world's leading pepper exporter.

Of which, in 2024 alone, the total global pepper export volume will reach 451,265 tons, of which Vietnam will contribute 250,600 tons - accounting for more than half of the global output. Not only relying on domestic raw materials, Vietnam also proactively imports pepper from many other countries for processing and re-export.

Thanks to this strategy, along with the strong development of processing technology, Vietnam's pepper export output often exceeds domestic production. This not only affirms the outstanding production capacity but also increases the added value of the Vietnamese pepper industry on the world map.

Pepper gardens grown in Dak Nong

World pepper prices today - market slightly down.

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on April 16, 2025 as follows: the pepper market fluctuated slightly, in which Indonesian pepper prices continued to decrease slightly compared to yesterday's trading session, a decrease of 17 - 24 USD/ton; markets in other countries remained unchanged compared to previous sharp increases and decreases.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,064 USD/ton; similarly, Muntok white pepper is currently purchased at 9,651 USD/ton.

The Malaysian pepper market is stable, unchanged from yesterday's sharp decline. Currently, the price of Malaysian ASTA black pepper is purchased at 9,600 USD/ton and the price of ASTA white pepper is at 12,100 USD/ton.

Pepper prices in Brazil remain stable, currently purchasing price reaches 6,850 USD/ton.

Vietnam's pepper market is stable and flat. Currently, the export price of Vietnamese black pepper is at 6,600 USD/ton for 500 g/l; 550 g/l is at 6,800 USD/ton and the price of white pepper is at 9,600 USD/ton.

Update world pepper prices on the morning of April 16, 2025

Vietnam’s pepper industry is currently facing major challenges, especially limited supply and rising production costs. However, it is predicted that pepper prices will continue to remain high in the near future.

Tuan My

Source: https://congthuong.vn/gia-tieu-hom-nay-1642025-trong-nuoc-duy-tri-da-tang-383202.html