DAILY: Vietnamese pepper prices remained unchanged on May 22
Monday, May 22,2023AsemconnectVietnam - On Monday, domestic pepper prices in Vietnam's Central Highlands remained unchanged at VND73,000 – 76,000 per kg compared to Yesterday, according to Kinhtedothi,vn.
In Ba Ria-Vung Tau province, the maximum price for pepper stayed at VND76,000 per kg, while in Gia Lai province, the lowest price at VND73,000 per kg. Farmers in Binh Phuoc sold pepper for VND75,500 per kilogram, in Dong Nai province for VND73,500 per kilogram, and in Dak Lak and Dak Nong provinces for VND74,500 per kilogram.
According to the Vietnam Pepper and Spices Association, in April 2023, Vietnam exported 26,291 tonnes of pepper of all kinds, of which 23,760 tonnes of black pepper and 2,531 tonnes of white pepper. In the first 4 months of 2023, Vietnam exported 103,018 tonnes of pepper. In which, exports to China's main pepper market reached 35,914 tonnes.
Export of pepper beans and spices would earn Vietnam 2 billion USD in 2025, according to President of the Vietnam Pepper Association (VPA) Hoang Thi Lien.
At a conference on pepper and spice export on April 21, Lien said the forecast is based on expectations that pepper prices will rise as demand recovers after COVID-19 while supply remains scarce.
Export prices are also expected to increase when processing improves and organic cultivation is expanded, she said.
Pepper beans and spices brought home more than 1.4 billion USD last year, with pepper accounting for 69.4%, cinnamon 20.6%, star anise 5.1%, cardamon and nutmeg 2.3%, ginger and turmeric 1.6% and chilli 0.8%.
Following are domestic pepper prices on May 22, 2022, in the main pepper growing and consumption regions:
Province/District |
Purchase price (VND/kg) |
Vs, May 21 |
DAC LAC |
|
|
— Ea H'leo |
74.500 |
- |
GIA LAI |
|
|
— Chu Se |
73.000 |
- |
DAK NONG |
|
|
— Gia Nghia |
74.500 |
- |
BA RIA - VUNG TAU |
||
Average price |
76.000 |
- |
BINH PHUOC |
|
|
Average price |
75.500 |
- |
DoNG NAI |
|
|
Average price |
73.500 |
- |
T.Huong
Source: Vitic/Kinhtedothi
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