23/03/2026
Here’s a quick snapshot of what we’re seeing in the black pepper market this week:
📊 Prices cooled after a hot run: In Week 12, Vietnam’s black pepper moved into a short-term correction. Spot prices have pulled back but are still well above the 2025 average.
🚢 Logistics, not demand, drove the pullback: Middle East tensions, higher freight and war-risk surcharges, and longer transit times have pushed many exporters and buyers into a short-term risk off stance.
📦 Exports are still strong: In the first 15 days of March, Vietnam shipped around 12.6k tons of pepper (about USD 81 million), taking year to date exports to roughly 48k tons, up 34–35% in volume and 28% in value year over year.
🏭 More selling from farmers, selective buying downstream: With harvest advancing and margins attractive, farmers are more active sellers, while local traders and exporters are focusing on firm export orders instead of speculative stock building.
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