Vietnamese Black Pepper Market Update: Rising Prices and Positive Harvest Outlook

As Vietnamese farmers in key regions like Đắk Nông, Đắk Lắk, and Gia Lai begin harvesting early pepper crops, the domestic black pepper market continues to show remarkable growth. The delayed harvest this year due to unfavorable weather conditions hasn’t dampened spirits. On the contrary, rising prices and strong demand have ushered in optimism for a productive season.

Positive Trends for Vietnam’s Black Pepper Market

According to the Vietnam Pepper and Spice Association (VPSA), Vietnam exported nearly 250,000 tons of black pepper in 2024, generating revenue of $1.31 billion — the highest figure in eight years. With 40% of global production and 60% of global exports, Vietnam firmly holds its position as the “world’s black gold mine.”

Recent Price Updates (as of February 6, 2025)

• Domestic black pepper prices have surged across all major production areas in Vietnam, ranging between 150,000 – 151,500 VND/kg.
• On the international front, Vietnamese black pepper prices are climbing steadily:
  • Black pepper (500 g/l): $6,500/ton (up 2.31%)
  • Black pepper (550 g/l): $6,650/ton
  • White pepper: $9,550/ton

Global Pepper Market Trends

• Indonesia: Black pepper at $7,283/ton (+0.34%), white pepper at $9,780/ton
• Malaysia: Black pepper ASTA at $9,000/ton, white pepper ASTA at $11,600/ton
• Brazil: Black pepper ASTA 570 stable at $6,300/ton

Experts predict that global black pepper supply will fall short of rising consumption demands, potentially driving prices even higher throughout 2025.

Harvest Season Brings Optimism for Đắk Nông Farmers

Farmers in Đắk Nông province have begun harvesting black pepper following the Lunar New Year holiday. Despite a delayed start and reduced yield due to erratic weather, farmers are hopeful. The current favorable market prices offer promising returns, sparking optimism for a prosperous harvest.

“Starting work in the pepper gardens right after Tet is more than just farming; it’s our wish for a fruitful and peaceful year,” said a local farmer in Đắk Nông.

China’s Market Poised for a Comeback

After reducing Vietnamese black pepper imports by 82.4% in 2024, China has turned to Indonesia for supply. However, with dwindling inventory levels and stable prices over the past three months, analysts expect China to resume significant purchases from Vietnam around March or April during the main harvest season.

Conclusion

Vietnam’s black pepper industry stands at a pivotal point, fueled by rising global demand and premium prices. With robust export growth, Đắk Nông farmers’ resilience, and China’s potential market revival, 2025 promises to be a breakthrough year for Vietnamese black pepper.

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