Pepper prices are constantly struggling in Vietnam, risks for pepper export businesses are very high, unknowns from the Chinese market

Published 2024년 6월 15일

Tridge summary

The domestic pepper market in Vietnam has seen a significant drop in prices, with the average now at 156,400 VND/kg, the highest in several provinces. This follows a period of sharp increases due to speculation and limited global supply. International prices for Indonesian, Brazilian, and Malaysian peppers remain stable. The Vietnam Pepper and Spice Association (VPSA) notes that while exports to China have increased, demand remains low due to existing inventory. The VPSA also cautions that speculation among growers and agents could lead to the release of reserve peppers, potentially impacting market stability. Despite these challenges, the pepper industry is on track to reach 1 billion USD in export turnover this year.

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

Original content

The domestic pepper market today, June 15, dropped sharply from 9,000 - 11,000 VND/kg in key regions compared to the same time yesterday. The current average domestic pepper price - updated most recently - is around 156,400 VND/kg, the highest buying price in the provinces of Dak Lak, Dak Nong, Ba Ria - Vung Tau, and Dong Nai is 157,000 VND/kg. Accordingly, Dak Lak pepper purchase price is at 157,000 VND/kg, down 11,000 VND/kg, Chu Se (Gia Lai) is purchased at 155,000 VND/kg, down 10,000 VND/kg compared to yesterday. Dak Nong pepper today recorded the highest price of 157,000 VND/kg. In the Southeast region, pepper prices today decreased by 9,000 - 11,000 VND/kg. Accordingly, in the Ba Ria - Vung Tau area, pepper prices decreased by 9,000 VND/kg to 157,000 VND/kg, in Dong Nai decreased by 9,000 VND/kg to 157,000 VND/kg and in the Binh Phuoc area at 156,000 VND/kg, down 11,000 VND/kg compared to yesterday. Updated world pepper prices from the International Pepper Association (IPC), ...

Source: Danviet