Vietnam: The highest pepper price is up to 120,000 VND/kg, businesses increase purchases to meet orders from the US and France

According to a report by the Import-Export Department (Ministry of Industry and Trade), in the middle of September 2021, the price of black pepper in the domestic market increased from 2.0 to 2.7% compared to August 30, 2021. 76,000 - 80,000 VND/kg. In which, the highest pepper price belongs to Ba Ria - Vung Tau province, reaching 80,000 VND/kg; pepper price in Binh Phuoc reached 79,000 VND/kg; pepper prices in Dak Lak, Gia Lai and Dak Nong reached 77,000 - 78,000 VND/kg. Meanwhile, the price of white pepper was at 119,000 VND/kg, an increase of 2,000 VND/kg compared to the end of August 2021 and sharply increased compared to 67,000 VND/kg in the same period in 2020. Domestic pepper prices increased in line with the increasing trend of global pepper prices. In Brazil, in mid-September 2021, the export price of black pepper increased by 1.3% compared to August 30, 2021 to $4,000/ton. In Indonesia, on September 17, 2021, the export price of black pepper increased by 2.9% compared to ...