Domestic pepper prices: Reversed to increase sharply
As of 11:15 a.m. today (September 10), domestic pepper prices reversed and increased, an average increase of VND 1,400/kg compared to the previous trading session. Currently, pepper purchasing prices range from 148,000 - 150,000 VND/kg. The average pepper purchase price nationwide is at 149,200 VND/kg.
Purchased at the lowest price among provinces and cities is Gia Lai province, currently pepper in this area is listed at 148,000 VND/kg, an increase of 1,000 VND/kg.
With the same increase of 1,000 VND/kg, Ba Ria - Vung Tau and Binh Phuoc provinces are currently announcing pepper purchasing prices at 149,000 VND/kg.
Notably, an increase of 2,000 VND/kg, pepper prices simultaneously set at 150,000 VND/kg for Dak Lak and Dak Nong.
World pepper prices: Sharp decrease across the board
According to the International Pepper Community, on trading floors, black and white pepper prices in the Indonesian market continued to fall. Black pepper prices decreased by 0.55%, fluctuating around 7,078 USD/ton (equivalent to 185,317 VND/kg). White pepper prices decreased by 0.56%, to 9,710 USD/ton (equivalent to 254,228 VND/kg).
For the Brazilian market, the price of ASTA 570 black pepper is anchored at 6,800 USD/ton.
Meanwhile, in the Malaysian market, ASTA black and white pepper prices are anchored at 9,850 USD/ton and 12,300 USD/ton, respectively.
Notably, Vietnam's export black pepper prices suddenly decreased after a long period of stagnation. The 500 g/l type had a shocking decrease of 7.58%, trading at 6,600 USD/ton (equivalent to 172,802 VND/kg); the 550 g/l type had a decrease of 7.35%, currently at 6,800 USD/ton (equivalent to 178,038 VND/kg). Similarly, the export price of white pepper fluctuated around 9,600 USD/ton (equivalent to 251,348 VND/kg), down 5.21%.
In the Indian market, pepper prices continue to remain unchanged in most pepper cultivations. Garbled pepper costs 67,200 rupees/kg, (equivalent to 209,449 VND/kg), Ungarbled is listed at 65.200 rupees/kg, while gram/liter has the lowest price of 64,200 rupees/kg (exchanged at 200,200,099 VND/kg).
Assessment and forecast
Instead of imposing countervailing tariffs from April 9, the US has postponed for 90 days to create negotiation space to lower trade barriers. US trading partners will be subject to a common 10% tax rate during that time. However, the US will increase tariffs on Chinese goods to 125%, a decision that will take effect immediately.
The US temporary postponement of countervailing tariffs is considered a positive signal for the commodity market in general and pepper in particular, in the context of prices continuously plummeting in recent days.
However, according to the Vietnam Pepper and Spices Association (VPSA), Vietnam still has certain advantages when Vietnamese pepper does not compete with American farmers or businesses because the US cannot produce pepper.
US consumer demand is almost entirely dependent on imports, of which Vietnam accounts for over 77% of the market share. In addition, consumption demand in many countries around the world is increasing, so pepper prices will hardly decrease in the short term. Meanwhile, Vietnam is still one of the world's leading pepper producers and exporters, with advantages in quality, processing systems and sustainable raw material areas.
