What challenges does the simultaneous decrease in pepper prices pose for Vietnam's pepper exports?

Published 2024년 7월 16일

Tridge summary

Vietnam's domestic pepper market saw prices between 148,000 - 149,000 VND/kg, with Dak Lak and Dak Nong recording the highest prices. Internationally, prices remained stable, with Indonesian black pepper at 7,203 USD/ton and Malaysian white pepper at 8,800 USD/ton. Despite a 6.8% drop in export volume in the first half of 2024, the value increased by 30.5%, with the US being the largest market. However, challenges such as the lowest output in five years and reduced imports from major producers like India, Indonesia, and Brazil are projected to impact Vietnam's pepper exports, potentially hitting a five-year low. The Vietnam Pepper and Spice Association emphasizes the need for improved quality, market diversification, and technological advancements to sustain growth.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Domestic pepper market today: Domestic pepper price today traded at 148,000 - 149,000 VND/kg. The highest price of pepper purchased in key pepper areas (Dak Lak, Lam Dong, Gia Lai, Dak Nong, Ba Ria - Vung Tau, Binh Phuoc) was recorded at 149,000 VND/kg. Specifically: In Dak Nong and Dak Lak provinces, pepper prices are at 149,000 VND/kg. In Gia Lai and Dong Nai, the pepper price is 148,000 VND/kg. In Binh Phuoc and Ba Ria - Vung Tau, pepper prices today are at 148,000-149,000 VND/kg. Thus, today's pepper price continues to decrease in the domestic market, currently having the lowest price of 148,000 VND/kg. Updated world pepper prices from the International Pepper Association (IPC), at this time, the price of Indonesian black pepper is stable compared to yesterday; Brazilian pepper prices went sideways, while Malaysian pepper prices remained unchanged. Vietnam pepper prices listed today are stable. Lampung black pepper price in Indonesia is at 7,203 USD/ton. Brazilian black pepper ...

Source: Danviet