Pepper price today April 8, 2025: Waiting for information on tariffs

Pepper price today April 8, 2025 in the domestic market

Pepper prices today in some key growing areas remain unchanged compared to yesterday. Thereby, maintaining the domestic pepper price level at 153,000 VND/kg to 155,000 VND/kg.

In the Central Highlands region, pepper price today in Dak Lak is unchanged compared to yesterday, currently at 155,000 VND/kg.

Pepper price today in Gia Lai is unchanged compared to yesterday, currently at 153,000 VND/kg.

Pepper price today in Dak Nong is unchanged compared to yesterday, currently at 155,000 VND/kg.

In the Southeast region, pepper prices in Ba Ria - Vung Tau today are at 154,000 VND/kg, unchanged from yesterday. Dong Nai is unchanged from yesterday at 154,000 VND/kg.

In addition, pepper price today in Binh Phuoc is unchanged compared to yesterday, currently at 154,000 VND/kg.

US President Donald Trump's announcement of a minimum 10% tax on all imported goods and a 46% corresponding tax on goods from Vietnam is causing concern for pepper exporters. This is Vietnam's key agricultural product, currently holding a very large market share in the US market.

According to Mr. Le Viet Anh, Chief of Office of the Vietnam Pepper and Spice Association (VPSA), Vietnam is currently the largest pepper supplier to the US, accounting for 77% of the total pepper imported by this country. Conversely, the US is also the largest export market for Vietnamese pepper.

In 2024, Vietnam exported more than 72,300 tons of pepper to the US, up 33.2% over the previous year. The turnover reached 409 million USD, accounting for 31% of the country's total pepper export turnover. With such a large trade relationship, any change in tax policy will have a strong impact on businesses.

Mr. Le Viet Anh said that what worries businesses is that many pepper export contracts to the US were signed in early 2025, with delivery times extending to August and September. When signing these orders, businesses did not anticipate that the US would increase taxes, so the selling price has not yet included the 10% import tax.

If the new tax is applied to the signed shipments, Vietnamese businesses are at risk of suffering heavy losses. In this situation, some businesses are considering renegotiating with their US partners to share the cost of the new tax, hoping that each side will bear a part.

It is not yet clear whether pepper is on the list of products subject to the 46% reciprocal tax. The Vietnamese pepper industry is waiting for detailed information to have a specific solution. Many businesses still hope that during the negotiation process between the two governments, pepper will only be subject to a 10% import tax like other products, without having to pay additional special reciprocal tax from the US.

Pepper price today April 8 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 6 (local time) as follows:

Indonesia's Lampung black pepper prices remained unchanged from yesterday at $7,239 per ton. Meanwhile, Muntok white pepper prices remained stable from yesterday at $10,066 per ton.

Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 6,950/ton.

Malaysia’s ASTA black pepper price remained unchanged from yesterday at $9,850/ton. Meanwhile, the country’s ASTA white pepper price also remained unchanged from yesterday at $12,300/ton.

Prices of all types of Vietnamese pepper 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 USD 10,100/ton.