On June 7, 2024, the global pepper market saw a slight increase in prices, with Indonesia experiencing a slight rise in Lampung black pepper and Muntok white pepper prices. However, prices remained stable in Malaysia and Brazil. Meanwhile, in Vietnam, the domestic pepper market experienced a significant increase in prices, aiming for a record high of 160,000 VND/kg due to a supply shortage and strong demand from major markets like Europe, the US, and China. The Import-Export Department predicts that pepper prices will continue to increase in the future, with a declining growth rate. Vietnam's pepper output is expected to decrease due to the impact of the El Nino phenomenon and a decline in the cultivated area. Despite a slight decrease in volume, the value of Vietnam's pepper exports increased significantly in the first five months of 2024, with the US and Germany being the largest and second-largest pepper export markets for Vietnam, respectively.