DAILY: Vietnamese pepper prices remained unchanged on November 24Friday, November 24,2023
AsemconnectVietnam - On Friday, domestic pepper prices in Vietnam's Central Highlands remained unchanged at VND69,000 to VND72,000 per kg compared to Yesterday, according to Kinhtedothi.vn.
In Ba Ria-Vung Tau province, the maximum price for pepper stayed at VND72,000 per kg, while in Gia Lai province, the lowest price at VND69,500 per kg. Farmers in Binh Phuoc sold pepper for VND72,000 per kilogram, in Dong Nai province for VND69,000 per kilogram, and in Dak Lak and Dak Nong provinces for VND70,500 per kilogram.
An event was held in the Central Highlands province of Dak Lak on November 20 to review a project on promoting sustainable production and trade of Vietnamese pepper.
The event was co-hosted by the Sustainable Trade Initiative (IDH), the European Union (EU) Delegation to Vietnam, the Ministry of Agriculture and Rural Development’s Plant Protection Department and the Vietnam Pepper Association.
In her opening statement, Director of the IDH Vietnam Programme Phan Thi Van said the Central Highlands accounts for around 60% of the country's pepper cultivation area with over 70,000 ha. In recent years, the Vietnamese pepper industry has struggled with global competitiveness in terms of quality and prices, impacting the livelihoods of local pepper farmers. It is attributable to the improper use of agricultural chemicals, unsustainable farming practices, and a lack of updates on trends and new market requirements.
Funded by the EU and the IDH, the project is carried out from 2021-2023 in the provinces of Dak Lak, Dak Nong and Gia Lai in order to help Vietnam reap the benefits of bilateral trade commitments and boost the export of quality products and services to the EU.
Through the project, nearly 8,000 farmers have improved their knowledge and green agricultural practices over an area of 8,500ha. Over the course of three years, the project has achieved several outcomes, such as a 60% increase in the volume of pepper seeds adhering to the residue requirements of the premium market; 50% of pesticide dealers committing to comply with pesticide management regulations; a 98% reduction in the use of banned pesticides, among others.
Following are domestic pepper prices on November 24, 2023, in the main pepper growing and consumption regions:
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