Monthly Publication

MARKET REVIEW - JULY 2025

it.assistant@ipcnet.org 26 Sep 2025 125

PEPPER MARKET REPORT - KEY HIGHLIGHTS

Global - Pepper prices in July 2025 exhibited mixed trends, with Viet Nam and China recording an upward trajectory.
IPC Price Index and Composite Price – The IPC Price Index for July reflected an upward trend. The black pepper index rose by 3.7% to 88.70 points, while the white pepper index edged up by 1.4% to 89.22 points. Consequently, the composite price of black pepper increased by USD 233/MT to an average of USD 6,598/MT, while white pepper gained USD 125/MT to reach USD 9,233/MT. Global trade during the first seven months displayed mixed results, leaning downward overall, with only Brazil and India recording year-to-date trade growth of 27% and 6% respectively.
India - After two months of decline, both domestic and international prices of Indian pepper stabilized in July.
Indonesia - Domestic black pepper prices declined, while white pepper prices remained stable.
Malaysia - Domestic and international prices of Malaysian pepper continued to fall for the third consecutive month.
Sri Lanka - Domestic pepper prices extended their decline in July.
Viet Nam – The international price of Vietnamese white pepper stabilized, while other categories moved upward.
Others - Prices of Brazilian and Cambodian black pepper declined, whereas Chinese white pepper remained stable.
Further insights on Thailand’s latest market performance will be provided in a dedicated section.

IPC Price Index (Base price: Average 2011-2015)

Composite Price of Black and White Pepper (US$/Mt)

FARM GATE PRICE BLACK PEPPER - in US$/Mt

FOB PRICE BLACK PEPPER - in US$/Mt

FARM GATE PRICE WHITE PEPPER - in US$/Mt

FOB PRICE WHITE PEPPER - in US$/Mt

KEY HIGHLIGHTS OF THE THAILAND PEPPER INDUSTRY

Monthly Average Local Price of Black Pepper in Thailand during 2023 – 2025* (USD/Mt)

OVERVIEW OF THE THAILAND PEPPER INDUSTRY

 

 

Sources:

  • Brazil : Unofficial source (Coreimex, CSG Trade).
  • China : Hainan Pepper Association, China Spice Association.
  • India : Spices Board Govt. of India, AISEF, NCDEX, Ministry of Commerce and Industry of India.
  • Indonesia : Unofficial source, Ministry of Agriculture Republic Indonesia, Ministry of Trade of Indonesia (MOT).
  • Malaysia : Malaysian Pepper Board (MPB), Department of Statistics Malaysia (DOSM).
  • Sri Lanka : Sri Lanka Customs, Department of Export Agriculture (DEA).
  • Viet Nam : Viet Nam Pepper Association (VPA), HCMC.
  • International Trade Centre (ITC) – Geneva.
  • NAMAGRO
  • IPC database.

Notes:
IPC DOES NOT set the price of pepper; IPC only publishes the prevailing price of pepper as reported from various origins and sources. Some of the data in this publication are from the IPC Secretariat database. The data were obtained from the official reports and correspondence between the IPC and has been processed based on statistical norms that can be accounted for.

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