AsemconnectVietnam - On Monday, domestic pepper prices in Vietnam's Central Highlands remained unchanged at VND103,000 - VND104,000 per kg compared to Yesterday, according to Kinhtedothi.

The maximum price for pepper stayed at VND104,000 per kg in Dac Lac and Binh Phuoc while the lowest price at VND103,000 per kg in Gia Lai, Dak Nong, Dong Nai and Ba Ria –Vung Tau province.
The domestic pepper industry faces challenges, including product quality improvement, that must be addressed to satisfy demanding markets such as the US and EU. In addition, the cultivation area is being downsized, leading to an output decline. Without proper business strategies to be introduced, Vietnam will lose out to Brazil, a major export rival in the coming years.
The General Statistics Office has just announced that between January and April of 2024, pepper exports reached 83,783 tonnes, valued at more than 353 million USD, down 18.3% in volume, but up 11.5% in turnover compared to the same period in 2023. The average pepper export price in this period was US$4,214 per tonne, a rise of 36.4%.
Vietnam's pepper exports in April 2024 increased to 27,000 tonnes, the highest level in the past 11 months, valued at more than 117 million USD, an increase of 4.2% in volume and a 5.1% increase in turnover compared to the previous month; increase 2.2% in volume and 40.4% in turnover compared to the same period in 2023. The average export price of pepper in this month increased for the fourth consecutive month, to 4,342 USD per tonne, up 0.8% over the previous month and up 37.4% over the same period in 2023.
In 2024, pepper prices will remain low while other agricultural products increase due to climate change difficulties. At the same time, the rise in prices of different farm products will put pressure on reducing cultivated area, while pepper productivity will also be reduced due to moderate investment in caring for and maintaining pepper gardens.
Vietnam pepper production is expected to reach 170,000 tonnes in 2024, the lowest output since 2015. Dak Nong has the most significant output, accounting for 41.2 percent, followed by Dak Lak with 28.2 percent. The six central pepper-producing provinces account for 97.1% of the country's production.
Following are domestic pepper prices on May 6, 2024, in the main pepper growing and consumption regions:

T.Huong
Source: Vitic/Kinhtedothi