Export price of pepper increased by 73%, reaching 3,434 USD/ton in Vietnam

Published 2021년 11월 3일

Tridge summary

A survey by Dan Viet reveals that pepper prices in Vietnam are stable, ranging from 86,500 to 89,000 VND/kg across different provinces. Despite a decrease in export volume by 5.7%, the pepper export value has seen a significant increase of 44.2% due to a 71.3% rise in export price in the first 10 months of 2021. The Ministry of Agriculture and Rural Development praises the growing global market position of 'Vietnamese pepper,' especially in Australia, where Vietnam is the largest exporter. Efforts are underway to further promote agricultural products and spices, including pepper, in the Australian market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a survey by Dan Viet, pepper price today 3/11 in localities was flat in the range of 86,500 - 89,000 VND/kg. Specifically, in Dak Lak and Dak Nong provinces, today's pepper price is at 87,500 VND/kg; Meanwhile, pepper price today in Gia Lai is around 86,500 VND/kg. In Dong Nai, pepper price is at 86,500 VND/kg; Meanwhile, today's pepper price is the highest in Ba Ria - Vung Tau province, reaching 89,500 VND/kg. Pepper price in Binh Phuoc is at 88,500 VND/kg. Meanwhile, according to a report of the Ministry of Agriculture and Rural Development, the export price of pepper in the first 10 months of 2021 also increased by 71.3%, reaching 3,434.2 USD/ton. Thanks to the skyrocketing export price of pepper, although the export volume decreased (reaching 783,000 tons, down 5.7%), the export value of pepper still increased by 44.2%. Notably, Vietnam increasingly exports processed products from pepper instead of just exporting raw. The report of the Import-Export Department ...

Source: Danviet