The US and Germany suddenly increased their purchases, causing Vietnamese pepper prices to increase to a record

Major markets such as the US and Germany increased pepper imports again, stimulating Vietnamese pepper prices to increase sharply beyond the 160,000 VND/kg mark. Pepper prices today (June 9) in the domestic market continued their strong upward trend in some key localities, trading from 157,000 - 161,000 VND/kg. Highest price in the past 9 years After a week of continuous price increases, today's pepper price has surpassed the mark of 160,000 VND/kg. The price of pepper purchased in Gia Lai is 157,000 VND/kg; in Dong Nai 157,000 VND/kg; Dak Lak 159,000 VND/kg; Dak Nong 161,000 VND/kg; Ba Ria - Vung Tau 159,000 VND/kg and Binh Phuoc 157,000 VND/kg. In all localities, pepper prices exceeded 150,000 VND/kg. The highest pepper price was recorded at 161,000 VND/kg. According to Mr. Hoang Phuoc Binh, Permanent Vice Chairman of Chu Se Pepper Association (Gia Lai), in the context of global pepper output significantly decreasing due to El Nino weather causing heat and drought, affecting to ...