Global pepper market on October 23: Vietnam's next pepper harvest is forecast to be 1 month late

Published 2024년 10월 23일

Tridge summary

The article highlights Dak Nong province's strategic plans to enhance its pepper industry by 2030, focusing on improving product quality through the conversion of low-quality pepper areas to more profitable crops and expanding high-tech and organic production. The market outlook is shaped by increased demand from China and the festival season, coupled with a delayed Vietnamese harvest. Despite a recent supply increase from Indonesia, a supply gap is expected until February 2025, offering a potential opportunity for Vietnamese pepper in the upcoming harvest.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Daily price list of black pepper and white pepper Note: The above prices are for reference only, the actual price will vary depending on the locality, transportation method, payment method, transaction volume, etc. Readers please contact the nearest pepper businesses and agents for specific advice. Highlights: - According to the Project on developing key industrial crops by 2030, Dak Nong province aims to maintain the pepper growing area of about 33,600 hectares, while improving product quality. To achieve this goal, the locality will focus on converting old, poor-quality pepper areas to other crops with higher economic value, suitable to the natural conditions of each locality. Form and develop an additional pepper production area applying high-tech agriculture, bringing the total number of pepper production areas applying high technology in the province to 3. Expanding the area of organic pepper production, focusing on key districts of the province. - Looking at the growth ...
Source: Vinanet

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