What moment is China waiting for to come back and buy a spicy Vietnamese nut?

Published 2025년 1월 31일

Tridge summary

The report provides an overview of Vietnam's domestic and global pepper market trends in January 2025, highlighting decreases in domestic pepper prices despite a rise in export prices in major markets. This period sees a continued decline in global pepper production for the fourth year in a row, with Vietnam and Brazil as the leading exporters amidst increased competition from Indonesia. Vietnam's pepper exports in 2024 experienced a mixed performance, with a notable increase in value despite a decrease in volume. The US emerges as Vietnam's primary pepper importer, making up a significant share of global imports, while China's import of Vietnamese pepper has seen a dramatic reduction, though it has increased its imports from Indonesia. The domestic market has seen stable pepper prices for the past three months, with expectations of a decrease that have not yet materialized.

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

Original content

According to the report of the Import-Export Department (Ministry of Industry and Trade), domestic pepper prices in the first 19 days of January 2025 decreased by 2,000-5,500 VND/kg compared to the end of 2024. Of which, pepper prices in Gia Lai and Binh Phuoc provinces decreased the most, down 5,500 VND/kg, down to 145,000 VND/kg on January 19, 2025. In addition, pepper prices in Dak Lak, Dak Nong and Ba Ria Vung Tau provinces also decreased by 4,500 VND/kg, 4,000 VND/kg and 3,000 VND/kg, down to 145,000 VND/kg, 146,000 VND/kg and 146,000 VND/kg, respectively. Pepper prices in Dong Nai dropped to their lowest in the first 19 days of January 2025 compared to the price at the end of 2024, down 2,000 VND/kg, down to 146,000 VND/kg on January 19, 2025. Domestic pepper prices decreased in contrast to world prices when in 16 days of January 2025, black and white pepper export prices in most major supplying markets increased compared to the end of 2024. According to the Vietnam ...

Source: Danviet