DAILY: Vietnamese pepper prices fell by 500 VND on April 4, 2024
Thursday, April 4,2024![](/weblocalfiles/huong/thang4nam2024/242024153933hat_tieu_den_co_nhieu_cong_dung_doi_voi_suc_khoe.jpg)
AsemconnectVietnam - On Thursday, domestic pepper prices in Vietnam's Central Highlands decreased by 500 VND to VND92,000 - VND94,000 per kg compared to Yesterday due to limited supply, according to Kinhtedothi.
The maximum price for pepper stayed at VND94,000 per kg in Dac Lac and Dak Nong while in Gia Lai province, the lowest price fell to VND92,000 per kg. Farmers in Dong Nai sold pepper for VND92,500 per kilogram, in Binh Phuoc province for VND93,000 per kilogram, and in Ba Ria – Vung Tau for 93,000 VND.
Preliminary statistics from the Vietnam Pepper and Spice Association (VPSA) showed that Vietnam exported 25,000 tonnes of pepper in March, down 33% y-o-y. Prices of domestic pepper increased by 500 - 2,000 VND per kg in this month.
Vietnam, currently the global leader in pepper production and export, is facing a decline in pepper cultivation due to the expansion of other crops like coffee and durian. The Vietnam Pepper and Spice Association, led by Huang Thi Lien, is focusing on preserving Vietnam's dominant position in the pepper market while also promoting the growth of other spices such as cinnamon and star anise. This comes amid a surge in global demand for spices, attributed to increasing health consciousness. To bolster its spice industry, Vietnam is working on improving business conditions for spice companies, fostering innovation, and providing preferential loans to high-tech firms. In 2023, the country's spice exports, including pepper and cinnamon, amounted to US$1.257 billion, with projections to reach US$2.2 billion within five years.
Following are domestic pepper prices on April 4, 2024, in the main pepper growing and consumption regions:
T.Huong
Source: Vitic/Kinhtedothi
Province/District |
Purchase price (VND/kg) |
Vs. April 3 |
DAC LAC |
|
|
— Ea H'leo |
94,000 |
- |
GIA LAI |
|
|
— Chu Se |
92,000 |
- 500 |
DAK NONG |
|
|
— Gia Nghia |
94,000 |
- |
BA RIA - VUNG TAU |
||
Average price |
93,000 |
-500 |
BINH PHUOC |
|
|
Average price |
93,000 |
- 500 |
DoNG NAI |
|
|
Average price |
92,500 |
- |
T.Huong
Source: Vitic/Kinhtedothi
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