Global pepper market on October 2: Vietnam's pepper industry benefits from high export prices as supply tightens

Daily price list of black pepper and white pepper Highlights: - Mr. Phan Minh Thong - Chairman of the Board of Directors of Phuc Sinh Joint Stock Company commented that the Vietnamese pepper industry is benefiting from high export prices when supply is limited. - According to the General Department of Customs, Vietnam sold more than 200,000 tons of pepper to the market in the first 9 months of 2024, earning more than 1 billion USD, an increase of nearly 47% in value compared to the same period last year, due to high selling prices. - Drought in Espírito Santo (Brazil), which supplies more than half of Brazil's black pepper output, has greatly affected the country's pepper harvest and the world market in general. The black pepper crop in the north of the state was damaged by half due to high summer temperatures, and this situation continued into autumn and winter. Growers said that the pepper berries had fallen prematurely and the harvest was very ...