Pepper price today 28/12 increased again, Vietnam bought an unprecedented amount of pepper from Cambodia

Published Dec 28, 2021

Tridge summary

Pepper prices have increased across major growing areas in Vietnam, with the country's exports experiencing a surge but not as strongly as forecasted in December. Despite being the world's largest pepper exporter, Vietnam still imports tens of thousands of tons from neighboring Cambodia, which has seen a dramatic increase in its pepper exports, primarily to Vietnam, in the first 11 months of 2021.

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

Original content

According to a survey by Dan Viet, pepper prices today (December 28) simultaneously increased in major pepper growing areas. Specifically, the price of pepper in Ba Ria - Vung Tau increased by 1,500 VND/kg, reaching 81,000 VND/kg. Pepper price in Binh Phuoc also increased by 1,500 VND/kg, to 80,000 VND/kg. In the Central Highlands, pepper price also increased by 1,000 VND/kg, accordingly pepper price in Dak Lak - Dak Nong reached 79,500 VND/kg; pepper price today in Chu Se (Gia Lai) reached 78,500 VND/kg. According to the General Department of Customs, in the first 15 days of December 2021, Vietnam exported 6,990 tons of pepper, with a turnover of 32.9 million USD. Progressively from the beginning of the year to December 15, 2021, Vietnam exported 252,881 tons, with a turnover of 899.7 million USD. In which, the US is the largest customer of Vietnamese pepper. Thus, Vietnam's pepper exports in December did not increase as strongly as many forecasts, even lower than November 2021. ...

Source: Danviet