PEPPER MARKET REPORT - KEY HIGHLIGHTS
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World - Pepper prices in April 2025 exhibited mixed trends. Notably, the US and European markets remained relatively subdued. |
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IPC Price Index and Composite Price – The second quarter of 2025 commenced with a cautious outlook. The IPC Price Index for black pepper recorded a marginal decline of 0.9% to 95.98 points, while the index for white pepper dropped by 2.5% to 90.86 points. Consequently, the composite price for black pepper fell by USD 65 per metric ton to USD 7,139 per Mt, while white pepper saw a sharper decline of USD 243 per Mt, averaging at USD 9,402 per Mt. Global pepper trade up to April 2025 showed varying patterns across origins. Brazil reported a significant 30% price increase, while China and Viet Nam recorded year-on-year decreases of 42% and 11%, respectively, compared to the same period in 2024. |
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India - The domestic and international prices of Indian pepper have continued to trend upward over the past three months. This increase is partially attributed to the Indian Rupee’s appreciation by 1%, now standing at INR 85.56 per US Dollar. |
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Indonesia - Both domestic and international prices of Indonesian pepper showed a downward trend, partially driven by a 2% depreciation of the Indonesian Rupiah, now valued at IDR 16,827 per US Dollar. Reduced stock levels in regions such as North Lampung Province have also contributed to this trend. |
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Malaysia - After three months of consistent upward movement, both local and international prices of Malaysian pepper declined in April 2025. |
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Sri Lanka - The domestic price of Sri Lankan pepper continued its upward trend for the third consecutive month. |
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Viet Nam – Both domestic and international prices of Vietnamese pepper recorded a downward trend. |
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Others - Brazilian black pepper prices declined, while prices of Cambodian black pepper and Chinese white pepper remained stable. |
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Highlights on the recent developments and performance of Malaysia\'s pepper sector will be featured 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 MALAYSIA PEPPER INDUSTRY
Monthly Export Price of the Malaysian Pepper during 2023 - 2025* (USD/Mt)
OVERVIEW OF THE MALAYSIA 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.
