Pepper price today April 19, 2025: Sharp decline

Pepper price today April 19, 2025 in the domestic market

Pepper prices today in some key growing areas have dropped sharply compared to yesterday. As a result, the domestic pepper price level is from 155,000 VND/kg to 156,000 VND/kg.

In the Central Highlands region, pepper price today in Dak Lak decreased sharply by 3,000 VND/kg compared to yesterday, currently at 156,000 VND/kg.

Pepper price today in Gia Lai decreased by 2,000 VND/kg compared to yesterday, currently at 155,000 VND/kg.

Pepper price today in Dak Nong decreased by 3,000 VND/kg compared to yesterday, currently at 156,000 VND/kg.

In the Southeast region, pepper price today in Ba Ria - Vung Tau is currently at 155,000 VND/kg, down 2,000 VND/kg compared to yesterday. Dong Nai decreased 2,000 VND/kg compared to yesterday at 155,000 VND/kg.

In addition, pepper price today in Binh Phuoc decreased by 2,000 VND/kg compared to yesterday, currently at 155,000 VND/kg.

Domestic pepper prices are showing signs of a strong recovery after a long period of being affected by concerns over the US’s reciprocal tax policy. The increased demand has created new vitality for the market, giving many businesses the opportunity to renegotiate prices in old contracts.

According to the Vietnam Pepper and Spice Association (VPSA), the demand for pepper imports from major markets such as the US, Europe, Asian countries, especially China, is increasing again. Meanwhile, the domestic pepper harvest is coming to an end. However, farmers are in no hurry to sell because they have previously earned high profits from other crops such as durian and coffee.

In addition, information about the 2025 output decrease compared to the previous year also contributes to the possibility of pepper prices increasing higher. Some opinions predict that the price may exceed 160,000 VND/kg if demand continues to be strong.

However, the Vietnamese pepper industry is also facing risks when the US imposes a 10% tax while the two sides are still in the 90-day negotiation period. Ms. Hoang Thi Lien, Chairwoman of VPSA, said that if the results are not positive, Vietnam may lose its market share in the US to competitors such as Indonesia and Brazil. In that context, businesses are advised to proactively expand to new markets, especially the European market.

The EU market is showing signs of positive recovery, with total pepper imports in 2024 increasing by 20% compared to 2023, reaching more than 120,000 tons. Vietnam continues to hold the leading position here with 52.1% market share. However, the EU is also a region with very strict requirements on quality standards, traceability and is especially interested in high-end segments such as white pepper and organic pepper.

Pepper price today April 19 in the world market

In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Association (IPC) updated the prices of all types of pepper traded in the international market on April 18 (local time) as follows:

Indonesia's Lampung black pepper price increased slightly compared to yesterday to reach 7,056 USD/ton (up 0.07%). In addition, Muntok white pepper price remained unchanged compared to yesterday to reach 9,641 USD/ton (up 0.07%).

Brazilian black pepper ASTA 570 price increased slightly compared to yesterday at 6,900 USD/ton (up 0.72%).

Malaysia’s ASTA black pepper price remained unchanged from yesterday at $9,600/ton. Meanwhile, the country’s ASTA white pepper price also remained unchanged from yesterday at $12,100/ton.

Prices of all types of Vietnamese pepper remained unchanged compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 6,800 USD/ton; 550 gr/l reached 6,900 USD/ton.

Similarly, Vietnam's white pepper price remained unchanged from yesterday at USD 9,800/ton.