Domestic pepper prices: Maintain stability
As of 11:30 today (November 21), the domestic pepper market increased sharply, averaging 146,700 VND/kg. Currently, the price ranges from 146,000 - 147,500 VND/kg.
After 2 days of stagnation, key regions have pushed prices up by VND1,100/kg. The price list on the market in key areas is as follows:
Ho Chi Minh City and Dong Nai increased by VND 1,000/kg, bringing the market to VND 146,000/kg. This is also the lowest price in the region.
Gia Lai increased the most by VND 1,500/kg, anchored at VND 146,500/kg.
Dak Lak and Lam Dong provinces are still the regions with the highest prices, setting the mark of 147,500 VND/kg, an increase of 1,000 VND/kg.
World pepper prices: Interspersed with red
In the world market, pepper prices are mostly stable in the regions. In particular, the Indonesian exchange - one of the busiest markets continues to depreciate. Currently, these two items have both decreased by 0.06%, trading in the range of 7,095 - 9,660 USD/ton (equivalent to 187,209 VND/kg - 254,889 VND/kg).
On the other hand, the Brazilian market has maintained a stable streak, currently holding at 6,175 USD/ton (about 162,934 VND/kg). Meanwhile, black and white pepper remained unchanged, trading at 12,300 USD/ton and 9,200 USD/ton.
In the pepper export market of Vietnam, the price of black pepper of 500 g/l and 550 g/l is flat, anchored at 6,400 - 6,600 USD/ton. ASTA white pepper prices remain high, currently standing at 9,050 USD/ton (equivalent to 238,794 VND/kg).
Assessment and forecast
The exemption of countervailing taxes gives Vietnamese enterprises a higher competitive advantage than many countries that were not previously exempt from taxes.
At the same time, this new policy helps reduce import costs for US distributors, contributing to increasing the ability to sign new contracts and improving stability for the Vietnamese pepper and spice market in 2026.
For enterprises that have paid counterpart taxes since November 13, they can carry out tax refund procedures according to the regulations of the United States Customs. The Vietnam Pepper and Spices Association (VPSA) recommends that businesses immediately review shipments exported to the United States after the above time and work with customs agents to submit tax refund documents on time.
