Pepper price today April 15, 2025: Sharp decrease in series

Pepper price today April 15, 2025 in domestic market

Pepper prices today in some key growing areas remained unchanged compared to yesterday. Accordingly, the domestic pepper price level is from 154,000 VND/kg to 157,000 VND/kg.

In the Central Highlands region, pepper price today in Dak Lak remained unchanged compared to yesterday, currently at 157,000 VND/kg.

Pepper price today in Gia Lai is unchanged compared to yesterday, currently at 154,000 VND/kg.

Pepper price today in Dak Nong is unchanged compared to yesterday, currently at 156,500 VND/kg.

In the Southeast region, pepper prices today in Ba Ria - Vung Tau are currently at 155,000 VND/kg, unchanged from yesterday. Dong Nai is unchanged from yesterday at 155,000 VND/kg.

In addition, pepper price today in Binh Phuoc is unchanged compared to yesterday, currently at 154,000 VND/kg.

Previously, pepper exports to the US were almost tax-free. However, many shipments already on their way to the US will now face a new 10% tax, even though contracts were signed before the tax announcement. This means that importers may have to renegotiate prices when the goods arrive at the port.

Immediately after the tax information was announced, importers increased purchases due to concerns that the tax rate after the 90-day delay could be even higher.

In addition, in Vietnam, information about a decrease in pepper output compared to last year is being widely spread. These factors have contributed to pushing domestic pepper prices up again last week, with expectations that they could reach 160,000 VND/kg. Experts predict that the price increase will continue in the coming time.

According to Comexstat, Brazil exported 10,881 tons of pepper in March 2025, reaching a turnover of 69.1 million USD. Compared to February, the volume increased by 38.4% and the turnover increased by 40.5%. Vietnam was the largest import market with 4,309 tons, accounting for 39.6% of the market share, up 45.5%. Other markets also recorded strong increases such as Germany (1,072 tons) and the UAE (1,053 tons).

In the first quarter of 2025, Brazil's pepper exports reached 23,081 tons, worth 145.4 million USD, up 25.8% in volume and 130.1% in value. The average export price of pepper reached 6,301 USD/ton, up nearly 83% over the same period. Vietnam continued to be the largest customer, importing 8,512 tons of pepper worth 52 million USD, up 2.2 times in volume and 4.2 times in value. The average import price from Brazil was 6,117 USD/ton, up more than 90% over the previous year.

On the other hand, according to the Vietnam Pepper and Spice Association (VPSA), in March, Vietnam imported 4,940 tons of pepper of all kinds, reaching a turnover of 28.9 million USD. Compared to the previous month, the import volume increased by 68.7% and the turnover increased by 81.3%. Compared to the same period in 2024, the increases were 32.5% and 104.9%, respectively.

Brazil was the largest pepper supplier to Vietnam in March with 3,061 tons, up nearly 187.4% over the previous month. Indonesia and Cambodia reached 977 tons and 514 tons, respectively.

In total, in the first quarter, Vietnam imported 9,686 tons of pepper, including 6,541 tons of black pepper and 3,145 tons of white pepper, with a total turnover of 55.7 million USD. The increase compared to the same period last year was 21.3% in volume and 88.8% in value. Brazil led with 4,363 tons, equal to the same period last year; Indonesia ranked second with 3,707 tons, a sharp increase; Cambodia dropped sharply to only 735 tons.

Pepper price today April 15 in the world market

In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Community (IPC) has updated the prices of all types of pepper traded in the international market on April 14 (local time) as follows:

Indonesian Lampung black pepper prices decreased slightly compared to yesterday at 7,081 USD/ton (down 0.78%). In addition, Muntok white pepper prices remained unchanged compared to yesterday at 9,675 USD/ton (down 1.19%).

Brazilian black pepper ASTA 570 price increased slightly compared to yesterday at 6,850 USD/ton (up 0.73%).

The price of Malaysian ASTA black pepper has dropped sharply compared to yesterday, currently at 9,600 USD/ton (down 2.6%). In addition, the price of ASTA white pepper of this country has also dropped sharply compared to yesterday, reaching 12,100 USD/ton (down 1.65%).

Prices of all types of pepper in Vietnam remained unchanged compared to yesterday. Of which, the price of 500 gr/l black pepper in Vietnam reached 6,600 USD/ton; 550 gr/l reached 6,800 USD/ton.

Similarly, Vietnam's white pepper price remained unchanged from yesterday at $9,600/ton.

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Source: https://baonghean.vn/gia-tieu-hom-nay-15-4-2025-giam-manh-hang-loat-10295124.html