Update domestic pepper prices
Pepper prices this week tend to move sideways. Compared to the beginning of the week, purchasing prices in key provinces did not have new changes.
According to the survey, the lowest price currently at 57,500 VND/kg was recorded in two provinces of Dong Nai and Gia Lai.
The two provinces of Dak Lak and Dak Nong maintained pepper trading at the same price of 58,500 VND/kg.
Similarly, pepper prices in Binh Phuoc and Ba Ria – Vung Tau were also stable at 59,000 VND/kg and 60,000 VND/kg, respectively.
Price volatility in the past week. Unit: VND/kg. Synthetic: Thao Vy
Update pepper information
Vietnamese pepper has been exported to 115 countries and territories. On average, Vietnam accounts for over 40% of the output and over 60% of the world’s pepper export market share.
Dak Lak province alone, in the 9 months of 2022, exported 24,496 tons of pepper, with an export turnover of 118 million USD to more than 30 markets around the world. Dak Lak news.
Over the past decade, Vietnam’s pepper industry has experienced a period of ups and downs when the selling price peaked at nearly VND 230,000/kg, at other times the price dropped to VND 34,000/kg and now, the price of pepper has reached a peak of nearly VND 230,000/kg. consumption at 60,000 VND/kg.
However, Vietnam is still the largest pepper producer and exporter in the world. In 2022, Vietnam’s exports are estimated at 220,000 tons, accounting for 55% of the total pepper production worldwide.
However, besides the achieved results, the pepper industry of the country in general and of Dak Lak in particular still has many challenges.
That is, unpredictable climate change and pest problems; Increasingly strict regulations of important markets also lead to trade barriers, etc.
Therefore, in order for Vietnam’s pepper products in general and Dak Lak in particular to affirm their position in the world market in a sustainable way, the pepper industry needs to increase its ability to conform to international standards. especially on aspects such as chemical residues, economic, social and environmental sustainable production criteria.
According to VietnamBiz.vn
