Pepper prices decreased in key provinces last week. Accordingly, pepper transaction prices decreased by about 1,000 – 3,000 VND/kg in the surveyed provinces.
In detail, the highest pepper price currently recorded in Dak Lak province is 102,000 VND/kg, down 1,000 VND/kg compared to last weekend.
The price of 101,000 VND/kg is available in Gia Lai, Dak Nong, Dong Nai and Ba Ria – Vung Tau, down 2,000 – 3,000 VND/kg.
Currently, traders in Binh Phuoc are buying pepper at a price of 101,500 VND/kg, down 2,500 VND/kg in the past week.
Update pepper information
In the first months of 2024, pepper imports from the US and Japanese markets decreased. On the contrary, the EU, UK and China increased pepper imports, which has had a positive impact on our country’s pepper industry. Because these are the traditional and potential pepper export markets of Vietnam.
Statistics from Eurostat show that in the first 2 months of 2024, EU pepper imports from foreign markets reached 37.52 million EUR (equivalent to 40.1 million USD), an increase of 12% over the same period last year. 2023. Of which, EU imports of pepper from Vietnam in the first 2 months of 2024 reached 20.68 million EUR (equivalent to 22.1 million USD), an increase of 12.5% over the same period in 2023. Pepper market share Vietnam’s consumption in the EU’s total import value from foreign markets increased from 54.88% in the first 2 months of 2023 to 55.12% in the first 2 months of 2024.
According to data from the Chinese Customs Authority, in the first quarter of 2024, China imported pepper reaching 16.54 million USD, an increase of 128% over the same period in 2023. Of which, China imported pepper. Spending from Vietnam reached 6.27 million USD, an increase of 250.2%. Vietnam’s pepper market share in China’s total import value increased from 24.71% in the first quarter of 2023 to 37.9% in the first quarter of 2024.
In general, the world pepper market has shown positive signs since the beginning of 2024. In addition to increased consumption demand, maintaining high pepper prices will also have a positive impact on our country’s pepper industry. , information from Ministry of Industry and Commerce Vietnam.
According to VietnamBiz.vn
