Vietnam: Peppercorn market on November 14, decreased output may push pepper prices to exceed 160,000 VND/kg

Published 2024년 11월 14일

Tridge summary

The article discusses the pricing of black pepper and white pepper in the market, highlighting the impact of the recent harvest in Indonesia and the ongoing supply situation until February 2025. It emphasizes the benefits of the pepper industry in Vietnam, particularly after the brand of Dak Nong pepper has gained international recognition. The shift towards organic production in farming and the increased export prices have supported the new Vietnamese pepper harvest. However, domestic pepper purchase by export enterprises has been limited, leading Vietnam to prioritize pepper imports from neighboring countries like Cambodia to reduce transportation costs and ensure a stable supply for the market.

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 are requested to contact the nearest pepper trading enterprises and agents for specific advice. Highlights: - After the most recent harvest in Indonesia, until February 2025, the world's pepper supply has not been significantly supplemented, contributing to supporting the new harvest in Vietnam. - According to the Chairman of the Dak Nong Farmers' Association - Ho Gam, in recent years, Dak Nong pepper has gradually affirmed its brand in the international market, opening up many great opportunities to enhance sustainable value because pepper growers are gradually changing their farming and production practices towards organic production, towards international integration. - Mr. Phan Minh Thong - Chairman of the Board of Directors of Phuc Sinh Joint Stock ...

Source: Vinanet