Rise in Vietnamese black pepper price will lead to higher demands for Indian black pepper

This year has marked a strong recovery of Vietnam's pepper industry after four years of struggling with difficulties due to oversupply and a strong reduction in prices. The current purchasing prices are 53-54% higher than at the beginning of this year and much higher than in recent years, signaling a new bullish cycle for the domestic industry. The main reason for the sharp increase in prices is reducing areas growing pepper trees. Farmers decreased the area due to the lower pepper price in recent years and changed to other produce. The rising prices of Vietnamese black pepper will eventually increase demand for Indian black pepper as a substitute.