Pepper prices fell sharply, why do Turkish businesses want to buy more Vietnamese pepper?

Published Apr 4, 2022

Tridge summary

The article reports a decrease in the domestic market price of black pepper in Vietnam, with a notable drop in some provinces, due to global economic impacts from Russia-Ukraine conflict and inflation. Despite this, production costs and weather conditions may lead to a short-term increase in prices. Vietnam is expecting a surge in pepper purchases once the harvest is abundant. Meanwhile, Turkish demand for Vietnamese pepper has grown, with over 12 million USD worth of exports in 2021. The article emphasizes the importance of Vietnamese enterprises participating in trade promotion programs to strengthen business cooperation with Turkey and explore opportunities in the Turkish market.

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

Original content

According to the Import-Export Department (Ministry of Industry and Trade), currently the "price of black pepper" in the domestic market is falling sharply compared to the previous month. The reduction is from 2,500 to 3,500 VND/kg (depending on the survey area) compared to February 28, 2022, to range from 77,000 to 80,000 VND/kg. The highest decrease in pepper price was 3,500 VND/kg, occurring in the provinces of Ba Ria - Vung Tau, Binh Phuoc, and Dong Nai; a decrease of 3,000 VND/kg took place in Dak Lak and Dak Nong provinces. Pepper price in Gia Lai decreased by about 2,500 VND/kg. The price of white pepper also decreased by 2,000 VND/kg compared to the end of February, currently reaching 119,000 VND/kg. Although the price of white pepper decreased, it is still higher than the price of 103,000 VND/kg in the same period in 2021. The world pepper trade was quite bleak. The armed conflict between Russia and Ukraine has severely affected the global economy. Meanwhile, inflation ...

Source: Danviet