On June 11, 2024, global pepper prices surged in Indonesia and Brazil, with Lampung black pepper and Muntok white pepper experiencing notable increases. Meanwhile, Malaysia's pepper prices remained stable. The rise in pepper prices is primarily due to strong demand from major markets like China, the Middle East, and the US/EU, as well as increased shipping costs. In Vietnam, the domestic pepper market saw a sharp increase, with a forecast of future price growth but at a slower rate due to a pepper supply shortage amidst strong demand and a decline in production in major countries like Vietnam and Brazil, leading to speculative activities by agents, exporters, and farmers.