2026 International Pepper Price Trends
International Pepper Price Trends
(1) Black Pepper:
Global pepper prices continue to face pressure from geopolitical turmoil in the Middle East, supply competition among major producing nations, and cautious sentiment among importers. Furthermore, the potential emergence of an El Niño event in 2026–2027 could alter climate patterns across various regions in Asia, thereby increasing uncertainty regarding supply prospects for the 2027 harvest season.
According to IPC data, black pepper prices across major exporting countries fell across the board in July 2026. Indonesia saw the sharpest decline, with prices dropping 4.2% to $6,823 per tonne. The price of Brazilian ASTA 570 black pepper also fell by 3.4% to $5,700 per tonne—its lowest level in over two years and the first such drop since May 2024. Beyond inherent market factors, this downward trend was driven by increased supply resulting from the start of the new harvest season in Brazil.
In Vietnam, export prices for black pepper declined by 2.1%–2.4% in July, settling at $5,970–$6,050 per tonne for the 500 g/L and 550 g/L specifications, respectively. Malaysian black pepper prices edged down 0.5% to $9,300 per tonne, though this price remained significantly higher than that of other major pepper exporters.
During the first 20 days of August, international black pepper prices showed signs of a slight recovery following the July decline. Brazil recorded the largest gain, with prices rising 3.5% to $5,900 per ton. Indonesian prices rose 0.4% to $6,851 per ton. In Vietnam, the price of 500 g/L black pepper increased by 0.3% to $5,990 per tonne, while the 550 g/L specification remained stable at $6,050 per tonne. Malaysian black pepper prices remained flat at $9,300 per tonne.
(2) White Pepper:
Market trends for white pepper have been relatively similar to those of black pepper. Specifically, Malaysia's white pepper export price fell by 0.4% in July to $12,200 per tonne and remained stable during the first 20 days of August.
Indonesia's white pepper export price rose by 1.6% in July but declined by 0.3% during the first 20 days of August, settling at $9,380 per tonne.
