Pepper price in Vietnam has increased by 44.6%, the US and China both like to buy it
Whole Black Peppercorn
China
United States
Vietnam
Published Jun 25, 2021
Tridge summary
According to the survey, pepper prices today (June 24) in key localities were stable at 71,000 - 74,500 VND/kg. In Ba Ria - Vung Tau, pepper price today (June 24) reached 74,500 VND/kg, the highest in the market today. Pepper prices today in Dak Lak, Dak Nong and Binh Phuoc ranged from 72,500 to 73,000 VND/kg. Pepper prices today (June 24) in Dong Nai and Gia Lai are stable in the range of 71,000 - 71,500 VND/kg.
Original content
According to the Import-Export Department (Ministry of Industry and Trade), in early June 2021, pepper prices in Vietnam and Malaysia were stable, but pepper prices in India decreased. It is forecasted that global pepper prices will be favorable in the near future due to a shortage of supply and an increase in consumption demand when many countries and territories relax social distancing. Vietnam's pepper exports in the coming time will be favorable in price when the US, European and Indian markets relax social distancing, and China increases imports to make up for the shortfall from the previous months. The largest pepper export markets of Vietnam in the first 4 months of 2021 are the US, United Arab Emirates and Pakistan with 34.8% market share. Pepper export volume in the first 5 months of 2021 reached 124,000 tons and 387 million USD, down 15.6% in volume but up 25.2% in value over the same period in 2020. China's push to buy pepper made pepper prices recover from the end of ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.