Pepper price today April 5, 2025, domestic market plummets

Domestic pepper prices today - market plunges.

Today's pepper price was updated at 4:30 a.m. on April 5, 2025 as follows: The domestic pepper market suddenly reversed and plummeted compared to yesterday's trading session, down from 6,000 - 6,500 VND/kg. Currently, the average pepper purchase price in key areas is 151,300 VND/kg.

Specifically, today's pepper price in Gia Lai province plummeted compared to yesterday's trading session, down 6,500 VND/kg, currently the pepper purchase price in this locality is at 150,500 VND/kg.

Similarly, pepper prices in Ba Ria - Vung Tau have decreased sharply compared to yesterday, down 6,000 VND/kg, currently pepper is purchased at 151,000 VND/kg.

Pepper price in Dak Lak also decreased by 6,000 VND/kg, currently pepper is purchased at 152,000 VND/kg.

Binh Phuoc pepper price has decreased sharply, by 6,000 VND/kg, currently the pepper purchase price in this locality is 151,000 VND/kg.

Pepper prices in Dak Nong also fluctuated sharply, down 6,000 VND/kg, currently pepper is purchased at 152,000 VND/kg.

Domestic pepper prices updated on the morning of April 5, 2025

The pepper market is reacting quickly to the US imposing tariffs on other countries, including a reciprocal tax rate of up to 46% on Vietnam. After the tax announcement, the domestic pepper market, after many days of stability, reversed and plummeted.

Regarding the US imposing a 46% reciprocal tax on Vietnam, in the recent meeting, the Prime Minister requested ministries and branches to have effective solutions to all developments, overcome external shocks as they have done in recent years in the context of the pandemic, conflicts in many places around the world, and supply chain disruptions.

The Prime Minister requested the immediate establishment of a rapid response team on this issue headed by Deputy Prime Minister Bui Thanh Son; assigned Deputy Prime Minister Ho Duc Phoc to chair and direct ministries and branches to listen to opinions from businesses, including large export enterprises.

Farmers in Dak Nong province harvest pepper

According to statistics, in 2024, the US is Vietnam's largest pepper export market with a volume of 73,710 tons worth 407.6 million USD....

Experts say that if production in major producing countries such as Vietnam, Indonesia and Brazil does not recover soon, global pepper prices may continue to remain high. Demand for pepper in the food and spice industry is increasing, which may lead to a supply shortage in the near future.

After the US announced the reciprocal tax rate for Vietnam on April 2, most businesses felt "shocked" by the above tax rate.

Pepper gardens grown in Dak Nong

World pepper prices remain stable today.

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on April 5, 2025 as follows: the pepper market is stable, sideways and anchored at a high level compared to yesterday's trading session.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 7,239 USD/ton; similarly, Muntok white pepper is currently purchased at 10,066 USD/ton.

The Malaysian pepper market remained stable compared to the most recent trading session. Currently, the price of Malaysian ASTA black pepper is purchased at 9,850 USD/ton and the price of ASTA white pepper is at 12,300 USD/ton.

Pepper prices in Brazil stabilized after a slight decrease in the previous session, currently purchasing prices reached 6,950 USD/ton.

Vietnam's pepper export market is stable and remains high. Specifically, the export price of Vietnam's black pepper is currently at 7,100 USD/ton for 500 g/l; 550 g/l is at 7,300 USD/ton and the price of white pepper is at 10,100 USD/ton.

Update world pepper prices on the morning of April 5, 2025

According to records, the pepper harvest has passed the halfway point. Many farmers are still hoarding their products waiting for higher prices, leading to a sluggish pepper market. According to records, pepper productivity this crop year has decreased sharply by 20% to 30% compared to the previous crop due to unfavorable weather.

Tuan My

Source: https://congthuong.vn/gia-tieu-hom-nay-542025-thi-truong-trong-nuoc-lao-doc-381587.html