AsemconnectVietnam - On June 23, 2025, domestic pepper prices in Vietnam ranged from VND 123,000 to 125,000 per kilogram according to Kinhtedothi. Businesses are hoping for a favorable tariff policy for Vietnamese pepper to stimulate demand. Prices may recover by the end of Q3/2025, but in the short term, the downtrend is expected to persist.

In Dak Lak and Dak Nong provinces, pepper was purchased at VND125,000/kg.
In Gia Lai, Dong Nai, Ba Ria – Vung Tau, and Binh Phuoc provinces, the price stood at VND123,000/kg.
Morning prices remained unchanged compared to the previous day. Over the past week, domestic pepper prices dropped by an average of VND13,000/kg.
Global Pepper Market Trends
Similarly, the International Pepper Community (IPC) reported that global pepper prices are trending downward.
The strengthening U.S. dollar, along with escalating armed conflicts in several regions, has made investors more cautious about the pepper market. Rising logistics costs are also adding short-term pressure to prices.
In the past week, the U.S. Dollar Index (DXY), which measures the greenback’s strength against a basket of six major currencies, rose by about 0.6%. This was mainly driven by a flight to safe-haven assets amid rising geopolitical tensions in the Middle East.
New orders from the U.S. in June were reportedly very low, while European buyers continued prioritizing clearing out inventories rather than signing new contracts. A 90-day delay in the implementation of counter-tariffs is nearing its end, and businesses are eagerly awaiting a favorable tariff decision for Vietnamese pepper to help boost demand.
Although China still imports Vietnamese pepper, its purchases are not enough to offset the weakened demand from traditional markets.
According to Peppertrade, late last week, Brazilian exporters—via the Brazilian Spice Association (BSA)—announced a suspension of all offers and decided to hold their inventories for an indefinite period. This move is seen as a response to the current steep decline in black pepper prices.
Domestically, the market remains quiet, with low trading activity. Farmers are also holding back sales in response to the sharp drop in prices.
Market Outlook
In the medium to long term, supply from Brazil and Indonesia will influence the market. In Indonesia, the harvest season is expected to begin around July–August. In Brazil, after harvesting in the eastern provinces, the next phase in Espirito Santo and Para is expected to start around mid-year.
According to the Vietnam Industry and Trade Information Center (VITIC) under the Ministry of Industry and Trade, pepper prices may recover by the end of Q3/2025. However, the downward trend is likely to continue in the short term.
Global supply shortages and the rising demand for high-quality agricultural products are creating an excellent opportunity for Vietnam's pepper industry to regain and enhance its position on the global export market. This can be achieved not only by increasing volume but also by strengthening brand identity and offering value-added products.

According to the Vietnam Pepper and Spice Association (VPSA), as of mid-May, the country had exported 84,844 tonnes of various types of pepper, generating revenues of 585.2 million USD. Although the volume declined by approximately 10% year-on-year, the value surged by 45%, driven by a significant increase in export prices. During the four-month period, the average export price for black pepper reached 6,749 USD per tonne, an increase of 96%. Meanwhile, white pepper was priced at 8,611 USD per tonne, reflecting a rise of 73.8%.

The Ministry of Industry and Trade’s Agency of Foreign Trade attributed the rising prices not only to reduced supply but also to positive signals from major markets such as the Middle East and Europe. Vietnamese exporters are increasingly diversifying their market reach rather than relying solely on a few traditional partners.

The US remained Vietnam’s largest destination, accounting for 22.5% of total exports, despite a sharp 26.7% drop in volume. India followed with an 8% share, trailed by the UAE and Germany, both holding 6.7%. Exports to China saw a dramatic rise of 94.4%, now representing 4.5% of the total share. Other markets such as Hong Kong (China), Australia, and Poland also recorded significant growth, whereas declines were noted in the Netherlands, Russia, the UK, Egypt, Turkey, and France.

On the import side, Vietnam spent 108.6 million USD to purchase 18,388 tonnes of pepper, primarily from Brazil, Indonesia, and Cambodia, with the value more than doubling compared to the same period last year. Experts viewed this import activity, intended for reprocessing and re-export, as a routine strategy to sustain Vietnam’s dominant position in global pepper exports. The country currently accounts for around 60% of the world’s pepper market share.

However, a key bottleneck currently facing the Vietnamese industry is its continued reliance on exporting primarily raw pepper, with little emphasis on branding.

Hoang Phuoc Binh, former Vice President of the Chu Se pepper association in the Central Highlands province of Gia Lai, noted that despite exporting in large volumes, Vietnamese pepper has yet to establish a significant presence in terms of brand recognition on the international market.

VPSA Chairwoman Hoang Thi Lien added that exporters targeting high-standard markets that impose strict quality requirements but offer attractive profit margins must pay greater attention to quality control for enhancing product consistency and resilience in the face of market fluctuations.
T.Huong
Source: Vitic