Pepper price today April 9, 2025: Repeating record decrease

Pepper price today April 9, 2025 in domestic market

Pepper prices today in some key growing areas repeated the record decrease compared to yesterday. Thereby, the domestic pepper price level is from 148,000 VND/kg to 149,000 VND/kg.

In the Central Highlands region, pepper price today in Dak Lak decreased sharply by 6,000 VND/kg compared to yesterday, currently at 149,000 VND/kg.

Pepper price today in Gia Lai decreased by 5,000 VND/kg compared to yesterday, currently at 148,000 VND/kg.

Pepper price today in Dak Nong decreased sharply by 6,000 VND/kg compared to yesterday, currently at 155,000 VND/kg.

In the Southeast region, pepper price today in Ba Ria - Vung Tau is currently at 149,000 VND/kg, down 5,000 VND/kg compared to yesterday. Dong Nai decreased 5,000 VND/kg compared to yesterday at 149,000/kg.

In addition, pepper price today in Binh Phuoc decreased by 5,000 VND/kg compared to yesterday, currently at 149,000 VND/kg.

Mr. Nguyen Phi Hung, a pepper farmer in Dak Nong, shared that the current pepper price is only for reference. In fact, agents often buy at a fairly wide price range. Farmers can get extra if the pepper is dried and has few broken seeds. A month ago, his family sold pepper at a reference price of VND160,000/kg but in reality received up to VND168,000/kg.

Mr. Hung said that pepper prices are directly affected by the world market, so it is difficult to predict. Farmers only know how to take care of their pepper gardens to keep them healthy, while profits depend on market fluctuations.

In a meeting with the Ministry of Agriculture and Environment, Mr. Phung Van Sam - Chairman of Hanfimex, representative of the Vietnam Pepper and Spice Association (VPSA) - said that the Chairman of VPSA is flying to the US to coordinate with the American Spice Trade Association (ASTA) to resolve difficulties related to reciprocal taxes.

Mr. Sam emphasized that the US is the largest export market, accounting for about 30% of Vietnam's pepper and spice market share. Immediately after the US President's announcement of the new tax policy, both exporters and buyers were surprised and worried. Many export contracts to the US were postponed or canceled.

Import partners in the US are very concerned about the negative impacts of the new tax rate. Meanwhile, Brazil - a direct competitor of Vietnam - only pays a tax of 10%, while Vietnam faces a tax rate of up to 46%.

According to Mr. Sam, the current situation not only affects export enterprises and processing factories, but also creates great pressure on pepper farmers in the Central Highlands, the Southeast and many other key growing regions. Many farmers have even called him to ask whether they should continue to expand the pepper growing area, but he has not been able to give a clear answer.

Pepper price today April 9 in the world market

In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Community (IPC) has updated the prices of pepper of all types traded in the international market on April 8 (local time) as follows:

Indonesian Lampung black pepper prices decreased slightly compared to yesterday to reach 7,117 USD/ton (down 1.71%). In addition, Muntok white pepper prices decreased slightly compared to yesterday to reach 9,764 USD/ton (down 3.09%).

Brazilian black pepper ASTA 570 price decreased slightly compared to yesterday at 6,800 USD/ton (down 2.16%).

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

Prices of all types of pepper in Vietnam 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 $10,100/ton.