AsemconnectVietnam - On Monday, domestic pepper prices in Vietnam's Central Highlands remained unchanged at VND66,500 – VND70,000 per kg compared to Yesterday, according to Kinhtedothi.vn.

In Ba Ria-Vung Tau province, the maximum price for pepper stayed at VND70,000 per kg, while in Gia Lai province, the lowest price at VND66,500 per kg. Farmers in Binh Phuoc sold pepper for VND69,000 per kilogram, in Dong Nai province for VND67,500 per kilogram, and in Dak Lak and Dak Nong provinces for VND67,500 per kilogram.
The price of pepper in Vietnam and the world continued to be gloomy this week, in the context of a sharp decrease in exports to China, an increase in the output of the new crop and the impact of the global financial and monetary situation when the USD strong, and speculation about the Fed continuing to raise interest rates.
Indonesia's new pepper harvest is about to start being the focus of the market in the first months of the third quarter of this year. The country's output and sales will affect purchases by European and American importers. These markets are considered to have delayed purchases in the first months of the year, and have used up quite a bit of stock.
Last year, Indonesia recorded the highest production decline, with a decrease of about 22% compared to 2021. This year, IPC forecasts that the country's output will continue to decrease by another 15%.Indonesia's pepper exports in 2022 decreased by 21% compared to 2021, to 29,992 tonnes. Along with the decrease in output, the possibility of Indonesia's pepper exports will continue to decrease in 2023.
In the first 3 months of 2023, Indonesia exported 6,050 tonnes of pepper, down 34% compared to the same period in 2022. As of April 2023, the average FOB price of Indonesian black and white pepper traded at US$3,585/tonnes and $6,059/tonne, down 15% and 13% respectively over the same period in 2022.
Following are domestic pepper prices on July 3, 2022, in the main pepper growing and consumption regions: