Will Vietnam miss the opportunity to increase pepper prices because of high logistics costs

Pepper prices are forecasted to continue to increase thanks to many supportive factors A series of positive factors are present in the pepper market in the near future and promise to bring the pepper industry out of the shadow of the crisis lasting many years in a row. Currently, pepper prices are fluctuating between 74,000 and 79,000 VND/kg, which is double that of the beginning of the year. The average export price of pepper in the first 7 months of the year was about 3,291 USD/ton, up 51% over the same period last year. Recently, the Import-Export Department (Ministry of Industry and Trade), forecast that the world pepper price will be supported due to a temporary supply shortage from Vietnam. High freight rates and the shortage of empty containers make a large amount of export pepper still stagnate at southern ports of Vietnam. Some comments expressed concern that the pepper supply would be offset when Indonesia, China, Malaysia, Brazil and Cambodia entered the new harvest ...