W14 White Pepper Update: Vietnam's White Pepper Market Experienced Stability, Slight Price Increase of Indonesian White Pepper

Stability Marked Vietnam's White Pepper Market

Vietnam’s white pepper market experienced domestic and international stability on March 5. Prices remained steady in major producing countries like Indonesia, Malaysia, Brazil, and Vietnam, with Malaysian ASTA white pepper maintaining its value at USD 7,300 per metric ton (mt). Similarly, Vietnamese export prices for white pepper remained unchanged at USD 6,000/mt. Despite fluctuations elsewhere, the global pepper market showed consistency. The investment activities of leading spice corporation McCormick underscored significant import demand.

Domestically, Vietnamese pepper prices remained relatively stable, with minor fluctuations in key provinces, such as Đắk Lắk, Đắk Nông and Gia Lai. Rising prices have spurred farmer enthusiasm but raised concerns about market volatility and shifts in agricultural practices, impacting cultivation areas and outputs. Overall, the white pepper market reflected stability amidst evolving dynamics and challenges in the sector.

Indonesia Sees Slight Increase in White Pepper Prices, Stability in Major Producing Countries

On April 6, Indonesia's white pepper prices experienced a slight increase while remaining stable in other major producing countries like Malaysia, Brazil, and Vietnam. Muntok white pepper prices increased by 0.31% week-on-week (WoW) to USD 6,179/mt. Domestically, Vietnamese pepper prices remained relatively stable, with minor fluctuations in key provinces.