AsemconnectVietnam - On Tuesday, domestic pepper prices in Vietnam's Central Highlands rose by 500 VND to VND93,000 - VND96,000 per kg compared to Yesterday, according to Kinhtedothi.

The maximum price for pepper rose to VND96,000 per kg in Dac Lac and Dak Nong while in Gia Lai province, the lowest price to VND93,000 per kg. Farmers in Dong Nai sold pepper for VND93,500 per kilogram, in BINH PHUOC province for VND95,500 per kilogram and Ba Ria – Vung Tau for 95,500 VND.
As Vietnam aims for higher export value and new records in export turnover of key agricultural products in 2024, experts have called for greater commitment to deep processing, saying that this approach will not only boost product competitiveness but also create a professional industry chain and exceptional products that bring in higher value.
The pepper industry is a typical example. The Vietnam Pepper and Spice Association (VPSA) estimated a 10.5 percent year-on-year decrease in pepper production to 170,000 tons in 2024.
A favorable outlook was still anticipated for pepper exports this year due to reduced production and low inventory levels worldwide. However, the sector must attach importance to deep processing to increase export value. The current proportion of processed pepper products for export stands at a mere 30 percent, indicating the need for a significant improvement.
Following are domestic pepper prices on March 5, 2024, in the main pepper growing and consumption regions:

T.Huong
Source:Vitic/Kinhtedothi