The price of black pepper increased sharply in Vietnam

Previously, on February 9, the price of black pepper was recorded to have increased from 2,500–5,000 VND/kg (equivalent to an increase of 3.6-9.01%) compared to January 30, to 57,500–61,000 VND/kg. According to statistics from the General Department of Customs, Vietnam's pepper exports in January reached 12,550 tons, worth $43.2 million. It is forecasted that our country's pepper exports will be more active in the remaining months of the first quarter of 2023 because Vietnam has just finished the harvest season and has an abundant output. By the third and fourth quarters of 2023, customers will come to Brazil and Indonesia, because this is the time to harvest the pepper of these two countries. Regarding export prices, in January, the average export price of Vietnam's pepper reached US$3,442/ton, down 4.3% compared to December 2022 and 26.8% lower than January 2022. While the average export price of pepper to most major export markets decreased compared to the previous month and ...