AsemconnectVietnam - On Wednesday, domestic pepper prices in Vietnam's Central Highlands rose by 2000-5000 VND to VND113,000 - VND116,000 per kg compared to Yesterday due to low supply, high price of US dollar, and conflicts in the world making transportation difficult, according to Kinhtedothi.

According to the Vietnam Pepper and Spice Association (VPSA), in the first four months of the year, Vietnam exported 83,000 tonnes of pepper, down 19.4% compared to the same period last year.
The increase in pepper prices is good for farmers to compensate for the years when prices were too low (2019 and 2020). With the price movements of pepper from the beginning of the year until now, it is clear that pepper is entering a new price increase cycle. The main reason is the limited global pepper supply.
Pepper output decreased in Vietnam and other large Asian countries, such as Indonesia and India, and smaller producing countries, such as Malaysia and Sri Lanka. The largest pepper-producing country in South America, Brazil, is also experiencing reduced output due to the impact of El Nino. Reduced global output has begun to support an increase in pepper prices from September and October 2023 and has increased sharply since Lunar New Year 2024.
In Binh Phuoc, the largest pepper-growing province in the Southeast region, many businesses and cooperatives are investing in pepper processing and high-quality pepper production. Mr. Truong Tan Nhat Linh, Deputy Director of Binh Phuoc Department of Industry and Trade, said that Binh Phuoc currently has 14,000 ha of pepper, with a total output of 27,000 tons. Previously, after harvesting pepper, Binh Phuoc farmers mainly cleaned, dried, and sold it to traders. The People's Committee of Binh Phuoc province has assigned the Department of Agriculture and Rural Development to preside over the development of the value chain of the Binh Phuoc pepper industry, develop a sustainable pepper supply chain linked with Nespice Vietnam and a production program according to rainforest alliance.
Following are domestic pepper prices on May 22, 2024, in the main pepper growing and consumption regions: