Vietnam: Pepper prices fell sharply, businesses still import a large amount of pepper from Cambodia

Published Sep 4, 2022

Tridge summary

The domestic market has seen a decrease in pepper prices, with black pepper dropping to 66,500 - 70,000 VND/kg and white pepper at 105,000 VND/kg, due to high inflation and reduced consumption demand in major pepper consuming countries. Vietnam's pepper supply for 2022 is estimated at 280,000 - 290,000 tons. In July 2022, Vietnam exported 18,623 tons of pepper and imported 4,451 tons, with Cambodia being the main supplier, followed by Brazil and Indonesia. The quality of Cambodian pepper is highly regarded and it is primarily imported for processing and export.

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

Original content

On August 29, 2022, the price of black pepper in the domestic market decreased from 5,000 - 5,500 VND/kg (depending on the surveyed area) compared to July 29, 2022, to 66,500 - 70,0000 VND/kg. The price of white pepper was at 105,000 VND/kg, down 3,000 VND/kg compared to the end of July 2022 and lower than 117,000 VND/kg in the same period in 2021. Specifically, today's pepper price in Gia Lai is the lowest in the market at 66,500 VND/kg. Pepper price today in Dong Nai provinces is at 67,000 VND/kg. Pepper prices in the Central Highlands, such as Dak Nong, Dak Lak at 67,500 VND/kg; Binh Phuoc 68,500 VND/kg. The highest pepper price currently reaches 70,000 VND/kg, in the pepper growing area of Ba Ria - Vung Tau. At the port of Ho Chi Minh City, on August 26, 2022, the export price of black pepper 500g/l and 550g/l both decreased by $200/ton compared to July 29, 2022, to $3,550 respectively. /ton and 3,800 USD/ton. Export price of white pepper also decreased by 200 USD/ton ...

Source: Danviet