Domestic Market Updates:

Dak Lak & Dak Nong: 150,000 VND/kg (+1,800 VND/kg)
Gia Lai: 149,000 VND/kg (+1,500 VND/kg)
Dong Nai: 148,500 VND/kg (+2,000 VND/kg)
Ba Ria - Vung Tau & Binh Phuoc: 149,000 VND/kg (+2,000 VND/kg)
Global Pepper Market Trends:
According to the International Pepper Community (IPC), the latest closing prices were:
Indonesia (Lampung Black Pepper): $7,219/ton (+1.07%)
Brazil (ASTA 570 Black Pepper): $6,150/ton
Malaysia (Kuching Black Pepper, ASTA): $9,000/ton
Indonesia (Muntok White Pepper): $9,694/ton (+0.55%)
Malaysia (White Pepper, ASTA): $11,600/ton
Vietnam:
Black Pepper (500 g/l): $6,350/ton
Black Pepper (550 g/l): $6,650/ton
White Pepper: $9,550/ton
The IPC reports that the market showed positive momentum at the end of January, with no price declines recorded in any producing countries.
India: Both domestic and export prices have been rising since last week.
Indonesia: Black pepper prices remain stable, while white pepper prices have risen for two consecutive weeks.
Malaysia: Domestic prices increased, while export prices remained unchanged.
Sri Lanka: Domestic prices have been increasing for the past three weeks.
Brazil & Cambodia: Black pepper prices remained stable last week.
China: Market was inactive due to Lunar New Year celebrations.
The strong domestic and international demand, along with limited supply, has driven up pepper prices. The Vietnamese market is benefiting from higher export prices and strong buying interest, keeping pepper prices at multi-year highs.
Vietnam’s pepper export volume in 2024 reached 250,600 tons, down 5.1% from 2023. However, export revenue surged by 45.4%, hitting nearly $1.4 billion due to higher prices.
Black pepper exports: 220,269 tons, valued at $1.12 billion
White pepper exports: 30,331 tons, valued at $200.6 million
Average export prices:
Black pepper: $5,154/ton (+49.7% YoY)
White pepper: $6,884/ton (+38.9% YoY)
Key Export Markets
United States:
72,311 tons (28.9% share), +33.2% YoY
Record-breaking import volume, surpassing the previous high in 2021 (59,778 tons).
UAE: 16,391 tons (+35.1%)
Germany: 14,580 tons (+58.2%)
Netherlands: 10,745 tons (+35.2%)
India: 10,617 tons (-17.1%)
China: 10,549 tons (-82.4%)
White pepper exports also saw strong demand, with top importers including the US (4,121 tons), Germany (4,013 tons), and the Netherlands (3,462 tons).
Leading Export Companies in 2024
Olam Vietnam: 27,800 tons (+36.9%)
Phúc Sinh: 22,293 tons (+41.1%)
Nedspice Vietnam: 20,420 tons (+6.4%)
Haprosimex JSC: 17,899 tons (+63.8%)
Trân Châu: 16,210 tons (-2.0%)
Pepper Imports Surge, Led by Indonesia
Vietnam imported 36,727 tons of pepper in 2024, up 38.4% YoY.
Indonesia: 17,194 tons (+431.2%)
Brazil: 9,558 tons (-42.4%)
Cambodia: 6,798 tons (+80.7%)
Top Importers:
Olam Vietnam (12,462 tons, +36.5%)
Trân Châu (4,167 tons)
Harris Spice (2,379 tons)
Vietnam’s pepper industry continues to thrive despite lower output, thanks to rising global demand and price surges. The US remains the largest buyer, while Indonesia has emerged as Vietnam’s top supplier.
T.Huong
Source: Kinhtedothi