PEPPER MARKET REPORT - KEY HIGHLIGHTS
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Global - Pepper prices in June 2025 exhibited mixed trends, with Indonesia being the only major producing country to report an upward trajectory. |
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IPC Price Index and Composite Price – As the first semester of 2025 concluded, the IPC price index for black pepper registered a significant decline of 7%, falling to 85.70 points. Meanwhile, the price index for white pepper decreased by 3.3% to 88.02 points. The composite price of black pepper dropped by US$ 483/MT to US$ 6,375/MT, while white pepper declined by US$ 311/MT to US$ 9,108/MT. Global trade performance showed mixed results, with Brazil recording a strong export increase of 34% (reaching 81% of 2024’s total), while China, Malaysia, and Viet Nam saw export declines of 35%, 16%, and 13%, respectively. |
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India - Both domestic and international prices of Indian pepper declined for the second consecutive month, partially attributed to a 1% depreciation of the Indian Rupee (INR 85.93/USD). |
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Indonesia - Domestic and international prices of Indonesian pepper continued their upward trend since the previous month, representing the only increase among major producing countries. However, market reports indicated lower stock availability. |
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Malaysia - Both domestic and international prices of Malaysian pepper continued to decline during June 2025. |
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Sri Lanka - After four consecutive months of upward movement, domestic pepper prices in Sri Lanka recorded a decline in June 2025. |
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Viet Nam – Domestic and international prices of Vietnamese pepper fell for the third consecutive month, driven by weaker demand from key markets such as the Middle East, USA, and China, along with increased global stock availability, partly due to higher supply from Brazil. |
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Others - Prices of Brazilian black pepper, Cambodian black pepper, and Chinese white pepper all declined in June. The downward trend in Brazilian prices may be linked to recent reports anticipating higher yields for the current year. |
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Further highlights on Sri Lanka’s latest market developments and performance will be presented in a dedicated section. |
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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
HIGHLIGHTS ON THE SRI LANKA PEPPER INDUSTRY
Monthly Farm Gate Price of Sri Lankan Black Pepper from 2023 - 2025* (USD/Mt)
OVERVIEW OF THE SRI LANKA 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.
