Report of the pepper market and other spices in September & 9 months of 2025

  • 🌍 Black Pepper Market Snapshot:
  • 📈 Recent Price Trend: Last week saw a slight price increase of 0.67%, stabilizing around 149,000 VND/kg. This indicates a period of relative stability and potential firming after a gradual decline from the year’s start.
  • 🏆 September Export Performance: While export volume dipped -4.6% from August, the value decreased only -2.5%, and average prices rose (+2.4% for black pepper).
  • 🚢 For the first 9 months of 2025, overall export volume is down -6.9%, but total turnover has surged +27.6%, driven by significantly higher average prices (up ~$1,795/ton for black pepper vs. 2024).
  • 🛒Shifting Market Demand: Key markets like the US, EU, and China are showing better demand. Notably, the US remains the top importer (though volumes are down YTD), while China has surged +73.3% year-on-year, becoming a major growth driver.
  • 🌿 Looking Ahead: Our “Grown for Good” black pepper initiative and UEBT/Organic projects for Ginger/Turmeric programs are accelerating to ensure a resilient, high-quality supply chain for our partners.
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