Vietnamese Pepper Prices Increased by 15% MoM in W50 Despite Reduced Demand from China

Pepper prices in the Vietnamese market have observed a 4% week-on-week (WoW) increase in W50 and an increase of 15% month-on-month (MoM). Despite the absence of strong purchases from China, Vietnam's most significant black pepper market, for over a month, the reduction in inventory during the final months of 2023 has led to an upward trend in market prices, according to experts.