VIETNAM PEPPER PRICES UPDATE – OCTOBER 31, 2025
Supply tightening, prices remain firm, and global production may rebound slightly by 2026
After a year of strong fluctuations, Vietnam’s pepper market is entering the final months of 2025 with a stable yet cautiously optimistic outlook. Both domestic and global prices have been holding steady, supported by tightening supply and sustained international demand.
Domestic market: Stable prices in the 144,000 – 146,000 VND/kg range
As of October 31, 2025, prices for black pepper in Vietnam remain stable across key producing provinces such as Gia Lai, Đắk Lắk, Đắk Nông, and Bà Rịa – Vũng Tàu.
- Current range: 144,000 – 146,000 VND/kg
- Trend: Steady compared to the previous week
After a period of gradual increases in Q3, the domestic market is now showing signs of balance. Farmers are cautiously holding stock, while exporters are waiting for clearer signals from international buyers before committing to large-volume contracts.
In the short term, the local price is expected to stay between 145,000 – 155,000 VND/kg, depending on selling activity and export demand. If supply tightens further due to weather or stock hoarding, prices may test the 155,000+ VND/kg level by the end of the year.
Global pepper prices: Mostly stable across major origins
According to the International Pepper Community (IPC), global pepper prices have shown limited movement in recent weeks:
| Origin | Product | Price (USD/MT) | Trend |
| Vietnam | Black pepper 500–550 g/l | 6,400 – 6,600 | Stable |
| Vietnam | White pepper | 9,050 | Stable |
| Indonesia | Black pepper | 7,211 | +0.1 |
| Indonesia | White pepper (Muntok) | 10,061 | +0.09 |
| Malaysia | Black pepper (ASTA 570) | 9,375 | Stable |
| Malaysia | White pepper (ASTA) | 12,400 | Stable |
| Brazil | Black pepper | 6,100 | Stable |
Overall, the global market remains balanced, with limited fresh supply and steady import demand from key destinations, including the U.S., the EU, and the Middle East.
Outlook for 2026: Production may recover slightly
The IPC’s latest forecast projects that global pepper output could recover to around 533,000 tons by 2026, provided that weather conditions remain favourable and farm rehabilitation programs continue.
In 2025, total global production was estimated at about 520,000 tons, down slightly from 2024 due to erratic rainfall and disease pressure in several producing regions, including Vietnam and Indonesia.
Despite this small rebound expected next year, experts believe that the market will remain tight, as consumption continues to rise and stock levels are relatively low.
Market drivers: Climate, replanting, and trade policy
Several factors are shaping the pepper market’s medium-term trajectory:
- Climate change & crop health – Weather remains the biggest risk factor. Unseasonal rains and prolonged dry spells have affected yields in key producing regions, reinforcing the need for climate-resilient farming.
- Farm rehabilitation – Programs to replant aging pepper vines in Vietnam, Indonesia, and India are showing early results, but yields will take years to fully recover.
- U.S. trade dialogue – The American Spice Trade Association (ASTA), in collaboration with embassies and the International Pepper Community, is lobbying to reduce import tariffs on key spices, including pepper. Current duties range from 19–50% depending on origin.
- Currency and logistics – Exchange rate fluctuations and higher freight costs have added pressure to exporters, though stable container availability in Q4 has supported smoother shipments.
Short-term forecast: Firm but cautious
In the coming weeks, pepper prices are likely to stay firm, supported by:
- Tight domestic inventories in Vietnam
- Stable global demand from food manufacturing and seasoning industries
- Limited new supply before the 2026 harvest
If selling pressure from farmers increases at the start of the new crop, prices could see a minor correction, but any decline is expected to be temporary given strong fundamentals.
In short, the market remains well-supported — but sensitive to weather and policy developments.
Long-term perspective: Vietnam retains global leadership
Vietnam continues to dominate the global pepper trade, accounting for 35–40% of total export volume. With increasing investment in farm management, post-harvest processing, and sustainability standards (HACCP, ISO, Organic), the country is positioned to remain a reliable supplier for importers worldwide.
The combination of stable domestic pricing, improving quality control, and growing demand from North America and South Asia suggests that 2026 will remain a profitable and active year for the industry.
At VietGlobal Export (VGE), we monitor both the domestic and international pepper markets daily to ensure accurate, transparent pricing for our buyers.
From sourcing in the Central Highlands to export documentation and logistics, our team provides full traceability and market updates, helping importers plan purchases with confidence.
“In a market this dynamic, success depends on information and reliability — not speculation. That’s why we believe in transparency, long-term partnerships, and consistent quality.”
– VGE Export Team
📈 Summary:
- Domestic price: 144,000 – 146,000 VND/kg (stable)
- Export price: 6,400 – 6,600 USD/MT (black), 9,050 USD/MT (white)
- 2026 production forecast: 533,000 tons globally (+2.5%)
- Short-term trend: Firm, may test 155,000 VND/kg if supply remains tight
- Long-term outlook: Positive — supported by steady demand and limited new supply
VietGlobal Export – Your Trusted Source for Vietnamese Pepper & Spices
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