Pepper prices fell slightly last week due to reduced business demand.
Update domestic pepper prices
Pepper prices fell across the surveyed provinces last week.
Update pepper information
According to statistics from the Vietnam Pepper and Spice Association (VPSA), in the first 6 months of 2024, up to the end of June 2024, Vietnam exported 142,586 tons of pepper of all kinds, down 6.8% in volume but up 30.5% in value.
Of which, the export volume of black pepper reached 125,959 tons, white pepper reached 16,627 tons. The total export turnover reached 634.2 million USD, black pepper reached 539.9 million USD, white pepper reached 94.3 million USD.
In the first 6 months of 2024, the US was Vietnam’s largest pepper export market with a volume of 37,435 tons, up 44.6% over the same period last year, accounting for 26.3% of the market share. This was followed by markets such as Germany with 9,526 tons, up 106.7%; UAE: 8,388 tons, up 15.2%; India: 8,173 tons, up 45.7%, China: 7,453 tons, down 85.2% and the Netherlands: 6,019 tons, up 52.1%.
Leading white pepper export markets: Germany: 2,454 tons, USA: 2,044 tons, Netherlands: 1,779 tons, Thailand: 1,732 tons and China: 1,567 tons…
Along with that, Vietnam imported 18,002 tons of pepper of all kinds, of which black pepper reached 16,357 tons, white pepper reached 1,645 tons, total import turnover reached 69.6 million USD, up 18.9% over the same period last year. The three main pepper supplying countries for Vietnam include: Brazil reached 7,241 tons, down 22.3%; Cambodia reached 6,212 tons, up 34.5%; Indonesia reached 2,991 tons, up 67.3%.
According to VietnamBiz.vn
