AsemconnectVietnam - On Thursday, domestic pepper prices in Vietnam's Central Highlands rose by 2000 VND to VND115,000 - VND117,000 per kg compared to Yesterday due to low supply, according to Kinhtedothi.

Vietnam's production is decreasing, so the pepper industry is looking for solutions to stabilize the area and productivity to maintain its global market position. Pepper output decreased in Vietnam and other large producing countries in Asia, 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.
Vietnam's current problem is stabilizing pepper output at 170,000 to 190,000 tonnes to maintain the position of Vietnamese pepper in the world market. Vietnam's pepper output is decreasing because the growing area continuously decreases due to unfavorable weather and extreme competition from other crops such as durian, coffee, etc.
Following are domestic pepper prices on May 23, 2024, in the main pepper growing and consumption regions: