Dak Lak Pepper Prices Suddenly Heat Up Again

Pepper Prices in Đắk Lắk Heat Up Again and the Reason for Higher Prices Compared to Other Regions On July 12, in a conversation with Nguoi Lao Dong reporters, Mr. Hoang Phuoc Binh - a famous pepper farmer in Gia Lai - said that today's pepper prices in the local area hover around 140,000 dong/kg and are expected to increase strongly in the coming period due to limited supply. Specifically, the US announced countervailing duties of 50% for Brazil and 32% for Indonesia, both major pepper-producing countries, which gives Vietnamese pepper many advantages in this number 1 market. In the second quarter of 2025, pepper prices dropped sharply due to domestic seasonal pressure and imported goods, losing more than 20,000 dong/kg from its peak. However, the current information is more positive, with farmers expecting prices to return to 160,000 dong/kg at the beginning of the year and potentially increase further by the end of the year. Meanwhile, pepper prices in Đắk Lắk are about 1,000 - ...