The Import-Export Department (Ministry of Industry and Trade) said that within 3 months (from December 2023), pepper prices increased by up to 30%. The upward price trend is forecast to continue in the short term due to limited supply.
The Import-Export Department (Ministry of Industry and Trade) said that pepper prices in the domestic market continued to increase in February. On February 28, the price of black pepper increased from 10,000 – 11,000 VND/kg compared to the end of January. 2024 (depending on each survey area), up to 91,000 – 94,000 VND/kg. Thus, in just 3 months (from December 2023), pepper prices increased by 30%.
“The upward price trend is forecast to continue in the short term due to limited supply. After the Lunar New Year holiday, the harvest output is still not much due to garden owners’ lack of workers. Besides, the demand for pepper from China has increased sharply, pushing the price of the product up,” said the Import-Export Department.
Around the world, the pepper market on March 6 decreased in Indonesia but remained flat in other countries.
Accordingly, the price of Lampung black pepper in Indonesia decreased slightly by 0.23%; down to 3,953 USD/ton. The price of Muntok white pepper in this country decreased by another 0.21%; to the threshold of 6,119 USD/ton.
In our country, pepper prices today (March 6) increased slightly by 500 VND/kg in some places. Currently, key provinces in the country are purchasing pepper at a price range of 93,000 – 96,000 VND/kg.
Specifically, Dak Lak and Dak Nong are still trading at 96,000 VND/kg; In Gia Lai, pepper price today continues to remain at 93,000 VND/kg; In Dong Nai, traders still buy at the price of 93,500 VND/kg; The latest pepper price in Ba Ria – Vung Tau is anchored at 95,500 VND/kg; Binh Phuoc traders still trade at 95,500 VND/kg, unchanged.
>> The first two months of 2024: Pepper exports decreased in volume but increased sharply in value
According to Youth (Rural economy – https://lanhtenongthon.vn/Nguon-cung-khan-hiem-gia-ho-tieu-co-the-con-tang-post61280.html)
