Global Pepper Prices shows stability and chances for sudden Surge

Global Pepper Prices shows stability and chances for sudden Surge

We’ve observed significant activity in the black and white pepper markets this week, driven by strong global buying interest. US grinders, in particular, have been looking to purchase through the first quarter of 2026 at current prices. Exporters have secured orders for near-month shipments, and we’ve heard that multinational companies have sold for the last quarter of 2025 and the first quarter of 2026 at $6650-6800 FOB HCMC for 570 GL Asta cleaned pepper. Locally, with limited sellers and small trades of 25-50 tons, prices are increasing, making it challenging to trade pepper without a reasonable stock on hand.

Vietnam exported 120,000 metric tons (mts) in the first six months and imported 30,000 mts. With an estimated carry-over of 45,000-50,000 mts from last year and an anticipated crop of 170,000 mts (plus or minus 10,000 mts), the market is expected to remain highly volatile. Only Vietnamese origin produce and products currently benefit from a special 20% tariff. All other imported pepper, when re-exported, will be subject to the original country’s tariff. It will take some time to understand how this system evolves, especially since Vietnam has already exported tens of thousands of tons of imported cargo as Vietnamese origin. Managing the paperwork for re-exports within the stipulated timeframe will be very challenging for importers.

Brazil exported 50,000 mts in the first six months, with 50% of that going to Vietnam. Indonesian exports in the first six months reached 19,000 mts, an almost 150% increase compared to last year.

Given that the new crop in Vietnam is not due until March/April 2026, we recommend strategically planning your purchases during market dips. Vietnam is the only origin capable of fulfilling buyers’ needs, having become a global hub and a one-stop shop for all origins, offering both conventional and steam-sterilized pepper with pesticide guarantees.

Please ask us for pesticide compliance whole black and white pepper natural and steam sterilised based on your needs 
Regards,
jojan Malayil
+91 9895424290
+84 844594763
jojan@unispicevn.com
United Spice Company Limited
Lot D, D2&N2 Street, Nam Tan Uyen Industrial Zone, Tan Hiep Ward, Ho Chi Minh City, Vietnam
www.unispicevn.com

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