Domestic pepper prices today simultaneously decreased by 1,000 VND to 91,500 – 93,000 VND/kg. Lowest price in Gia Lai and Dong Nai, highest price in Dak Lak and Binh Phuoc.
In the past month, pepper prices across the country began to show signs of slowing down and decreased by about 3,000 – 4,000 VND/kg.
Pepper price details today April 9, 2024
According to Dak Nong Provincial Department of Agricultural Development, the whole province currently has 34,000 hectares of pepper, with an output of nearly 70,000 tons. Pepper farming in recent years has had many positive changes, gradually shifting towards organic and garden ecological diversity. The association of pepper production with quality certification and product consumption contracts is also increasingly expanding.
On March 8, 2024, in Hanoi, the Ministry of Agriculture and Rural Development of Vietnam coordinated with the Ministry of Industry and Trade and the Vietnam Pepper and Spice Association to co-organize the International Conference on the Pepper and Spice Industry. Vietnamese spices – VIPO 2024.
The Ministry of Industry and Trade has been actively coordinating closely with ministries, branches and localities across the country to deploy many trade promotion activities to support the pepper and spice industry in promoting market development, building and Promote product brands through supporting businesses to participate in major fairs and exhibitions both domestically and internationally.
Vietnamese pepper and spices are currently exported to more than 120 countries and dominate many important markets. Accumulated by the end of the first quarter of 2024, Vietnam has exported 56,712 tons of pepper of all kinds, of which black pepper reached 49,743 tons, white pepper reached 6,969 tons. Total export turnover reached 235.6 million USD, of which black pepper reached 196.9 million USD, white pepper reached 38.7 million USD.
Brazil has passed the harvest season, Vietnam has just ended, while the main harvest of Indonesia and Malaysia is in July every year. From now until July 2024, it can be said that the main supply of global pepper will depend on Vietnam’s exports.
> Vietnam: Pepper exports in February 2024 decreased in quantity but prices were stable
Source: Vinanet/VITIC
