Report of the pepper market and other spices in June & 6 months of 2025

In June 2025, Vietnam exported 23,440 tons of pepper, of which black pepper reached 19,698 tons and white pepper reached 3,742 tons. Total export turnover reached 157.5 million USD , compared to the previous month, export volume decreased by 11.4%, turnover decreased by 13.6% and compared to June 2024, export decreased by 16.8% but turnover increased by 11.6%. The average export price of black pepper in June reached 6,442 USD/ton, white pepper reached 8,272 USD/ton, down 4.0% for black pepper and 3.5% for white pepper compared to the previous month.

The United States continued to be the leading export market in June, reaching 4,439 tons, but down 30.0% compared to May. Exports to China continued to recover, reaching 3,330 tons, up 28.5%, followed by the following markets: UAE: 1,727 tons, India: 1,239 tons and Germany: 1,012 tons.

🚨 Week 28 Key Developments:

• Price Impact: Market dropped 1.37% to 143,000 VND following US-Brazil tariff announcement
• Tariff Breakthrough: Vietnam secured 20% preferential rate (reduced from 46%) vs competitors’ 32-50%
• Market Shock: Brazil faces 50% tariff – highest among agricultural exporters
• Immediate Effect: $100-200/MT price drop across global pepper markets on July 9

📊 6 Months of 2025 Performance Highlights:

• Export Volume: 124,133 tons (-12.9% YoY) but export value surged +34.1% to $850.5M
• Price Premium: Black pepper +93.6% to $6,665/MT, White pepper +63.0% to $8,079/MT
• Market Share: Asia now dominates (46.5%), Americas declined to 24.2%
• Top Markets: USA remains #1 despite -26.6% decline, China surge +24.7%

⚠️ Critical Supply Alert:

• Inventory Crisis: Vietnam pepper stocks at 5-6 year historical low
• Production Concern: 2025 crop expected to be weakest in 5 years
• Timeline: 8 months until next harvest (2026)