Pepper price today April 20, 2024 in Vietnam: Hot increase to 3,000 VND/kg

On April 20, 2024, the global pepper market experienced a mix of price fluctuations and stability, with Indonesia witnessing a decrease in prices for Lampung black pepper and Muntok white pepper, while Malaysia, Brazil, and Vietnam saw stable prices. The EU's pepper imports in 2023 significantly dropped in both volume and value, with Vietnam, Brazil, India, Indonesia, and Sri Lanka as the main suppliers. Despite a decrease in pepper exports from Vietnam in the first quarter of 2024, domestic prices in Vietnam have increased, marking the fifth consecutive session of price increases. This is attributed to a significant increase in Vietnam's pepper exports in March 2024 compared to February, although there was a decrease compared to March 2023. The overall decrease in export volume but slight increase in value in the first quarter of 2024, along with a notable decline in exports to China, suggests a complex global pepper market scenario. Despite the downward adjustment in exports, pepper prices are expected to remain high due to increased demand and insufficient supply from other producing countries.