Global pepper market on November 27: Pepper enters price increase cycle due to tight supply

Published 2024년 11월 28일

Tridge summary

Vietnam is the leading grower of pepper, particularly in Dak Nong province, but ranks second in output due to most of the produce being sold in its raw form. However, the US and EU markets have helped offset the loss from the declining Chinese market, with an estimated average export of 25,000 tons of pepper per month in the last two months of 2024, generating around 300 million USD. The total pepper and spice export turnover for 2024 is projected to be 1.4 billion USD. The Vietnamese Pepper and Spice Association (VPSA) plans to increase support for farmers and businesses to meet international quality and food safety standards in its 2025 strategic plan, with expectations of the Chinese market's recovery.

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: - Dak Nong ranks first in the Central Highlands and the whole country in terms of pepper growing area, but the output ranks second in the country, after Dak Lak. Pepper is one of the main crops, but most people still sell it in raw form through small and medium traders and agents, so the value is low. - According to Ms. Hoang Thi Lien - Chairwoman of VPSA, growth in the US and EU markets has helped offset the sharp decline in the Chinese market. In the last 2 months of 2024, Vietnam will export an average of about 25,000 tons of pepper per month. With the current export price of 6,000 USD/ton, pepper export turnover in the last 2 months of the year is estimated to reach ...

Source: Vinanet