Pepper price today April 10, 2025: Exports decrease sharply
Today's domestic pepper price, April 10, is at 147,000 - 148,000 VND/kg. Domestic pepper price continues to decrease by 1,000 VND/kg compared to yesterday. Vietnam's pepper export price has decreased sharply.
Pepper price today April 10, 2025 in domestic market
Pepper prices today in some key growing areas have dropped sharply compared to yesterday. Accordingly, the domestic pepper price level is from 147,000 VND/kg to 148,000 VND/kg.
In the Central Highlands region, pepper price today in Dak Lak decreased sharply by 1,000 VND/kg compared to yesterday, currently at 148,000 VND/kg.
Pepper price today in Gia Lai decreased by 1000 VND/kg compared to yesterday, currently at 147,000 VND/kg.
Pepper price today in Dak Nong decreased by 1000 VND/kg compared to yesterday, currently at 148,000 VND/kg.
In the Southeast region, pepper price today in Ba Ria - Vung Tau is currently at 148,000 VND/kg, down 1000 VND/kg compared to yesterday. Dong Nai decreased 1000 VND/kg compared to yesterday at 148,000 VND/kg.
In addition, pepper price today in Binh Phuoc decreased by 1,000 VND/kg compared to yesterday, currently at 148,000 VND/kg.
Domestic pepper prices are falling sharply, largely due to supply pressure from the new harvest and concerns about reciprocal tariffs from the US. This situation has many farmers and exporters worried, especially about the ability to consume products in the coming time.
Mr. Le Viet Anh, General Secretary of the Vietnam Pepper and Spice Association (VPSA), said that some orders have been suspended by partners and they are waiting for more information on tax policies. The President of VPSA is currently on a business trip to the US, with the aim of negotiating to resolve problems related to tax issues.
This situation has directly affected domestic production activities. Exporting enterprises are at risk of temporary liquidity loss, high inventory levels, and stagnant raw material purchases, causing pepper prices to continuously decrease in recent days.
Without timely solutions, Vietnam may lose market share in the US market. This will also affect export turnover in 2025, causing the cultivation area of raw materials to be at risk of shrinking.
Some traders have rushed to sell due to concerns about tax policies. However, there are also cases where some traders take advantage of this information to call on people to sell at low prices, then secretly collect the remaining goods.
In the long term, businesses need to proactively invest in deep processing and reduce dependence on raw exports. Diversifying export markets will help limit risks when a major market fluctuates, and avoid being forced to lower prices at important times.
In addition, transparency in the production and supply chain needs to be improved. The practice of third countries using Vietnam’s name to avoid taxes, as in the past, needs to be strictly controlled.
Pepper price today April 10 in the world market
In the world market, based on quotes from exporting 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 8 (local time) as follows:
Indonesia's Lampung black pepper price decreased slightly compared to yesterday to reach 7,117 USD/ton (down 0.55%). In addition, Muntok white pepper price decreased slightly compared to yesterday to reach 9,710 USD/ton (down 0.56%).
Brazilian black pepper ASTA 570 price remained unchanged from yesterday at USD 6,800/mt.
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 have decreased sharply compared to yesterday. In particular, the price of Vietnamese black pepper 500 gr/l reached 6,600 USD/ton (down 7.58%); 550 gr/l reached 6,800 USD/ton (down 7.35%).
Similarly, Vietnam's white pepper price also decreased sharply compared to yesterday, reaching 9,600 USD/ton (down 5.21%).