Pepper Market Update – September 20, 2025: Shrinking Inventories Keep Prices Firm

Domestic Market in Vietnam

On September 20, 2025, domestic black pepper prices in Vietnam remained stable, ranging between 147,000 – 150,000 VND/kg.

  • Đắk Lắk & Đắk Nông: 150,000 VND/kg (highest)

  • Bà Rịa – Vũng Tàu & Đồng Nai: 149,000 VND/kg

  • Gia Lai & Bình Phước: 147,000 VND/kg (lowest)

The Ministry of Industry and Trade’s Import-Export Department noted that inventories are declining, while export demand from major markets is expected to increase, supporting high price levels in the near term.


Global Market Trends

According to the International Pepper Community (IPC), global pepper prices showed mixed movements:

Black Pepper (USD/ton)

  • Lampung, Indonesia: 7,027 (-0.48%)

  • Brazil ASTA 570: 6,600 (unchanged)

  • Kuching, Malaysia (ASTA): 9,700 (unchanged)

  • Vietnam (500 g/l): 6,600 (unchanged)

  • Vietnam (550 g/l): 6,800 (unchanged)

White Pepper (USD/ton)

  • Muntok, Indonesia: 9,957 (-0.49%)

  • Malaysia ASTA: 12,900 (unchanged)

  • Vietnam: 9,250 (unchanged)


Recent Developments

  • Brazil: Black pepper surged to USD 6,600/ton, up USD 750 from mid-August.

  • Vietnam (HCMC Port):

    • Black pepper 500 g/l rose USD 360 to 6,600.

    • Black pepper 550 g/l rose USD 430 to 6,800.

    • White pepper rose USD 300 to 9,250.

  • Malaysia (Kuching Port): Black pepper up USD 300, white pepper up USD 200 compared with August.

  • Indonesia: Both Lampung black pepper and Muntok white pepper declined, reflecting weaker demand.


Market Outlook

The Import-Export Department forecasts that pepper prices will remain high in the short term due to:

  • Shrinking inventories in Vietnam as the harvest season ends.

  • Rising demand in key export markets.

  • Limited supply from some producing countries.

Additionally, Vietnamese exporters are reducing imports of raw pepper for re-export to the U.S. due to a 40% tariff on transshipped goods, creating further focus on domestic supply.

👉 Overall, both farmers and exporters are expected to benefit from the current favorable price environment, though global weather conditions and import demand trends will continue to influence volatility.