AsemconnectVietnam - On Tuesday, domestic pepper prices in Vietnam's Central Highlands fell by 500 VND to VND70,000 to VND72,500 per kg compared to Yesterday, according to Kinhtedothi.vn.

In Ba Ria-Vung Tau province, the maximum price for pepper fell to VND74,000 per kg, while in Gia Lai province, the lowest price to VND71,000 per kg. Farmers in Binh Phuoc sold pepper for VND73,000 per kilogram, in Dong Nai province for VND71,000 per kilogram, and in Dak Lak and Dak Nong provinces for VND72,000 per kilogram.
According to Ms. Hoang Thi Lien, Chairwoman of the Vietnam Pepper and Spice Association (VPSA), based on assessment and review of data compared to previous forecasts, Vietnam's pepper production in 2023 is estimated to reach around 190,000 tonnes, a 3.8% increase compared to 2022.
The flooding situation that occurred in July, especially in the Central Highlands region and particularly in Dak Nong province, has somewhat affected pepper plantations that were not properly drained to prevent flooding. However, this is not as concerning as the upcoming El Nino phenomenon expected to occur towards the end of this year and extend into the beginning of next year, leading to drought conditions, lack of rainfall, and potentially reducing Vietnam's pepper production in the following year.
As of the end of June 2023, Vietnam exported a total of 152,986 tonnes of various types of pepper, including 138,377 tonnes of black pepper and 14,609 tonnes of white pepper. The total export revenue reached 485.9 million USD, with black pepper accounting for 417.9 million USD and white pepper accounting for 68.0 million USD. Compared to the same period last year, the export volume increased by 21.8%, equivalent to 27,433 tonnes, whereas the export revenue decreased by 14.6%, equivalent to a decrease of 82.3 million USD.
Considering the export volume of pepper over the past six months, VPSA predicts that the annual supply this year is not abundant. It is expected that by the end of August, Vietnam will have exported the entire production of 2023, which could hopefully have a positive impact on the market in the later months of the year.
Following are domestic pepper prices on August 15, 2023, in the main pepper growing and consumption regions:

T.Huong
Source: Vitic/Kinhtedothi