AsemconnectVietnam - On Tuesday, domestic pepper prices in Vietnam's Central Highlands rose by 1000-5000 VND to 141,000 - 144,000 VND per kg compared to Yesterday, according to Kinhtedothi.

Hoang Thi Lien, president of the Vietnam Pepper Association, said output of major producers like Vietnam, Indonesia and Brazil are expected to fall this year because of the El Nino phenomenon.
Meanwhile, demand from large consumers like the U.S., Pakistan, Germany, South Korea, and India is set to surge, she said.
Pepper exporters said a shortage of shipping containers has pushed up ocean freight rates by 30% in recent weeks, further contributing to a price spike.
Vietnam accounts for 40% of global production and 60% of the export market, according to the Vietnam Pepper and Spice Association.
The global market is valued at $5.4 billion and forecast to grow at 20% annually from 2024 to 2032.
Last year the U.S. was Vietnam's top buyer, accounting for 23.5% of its exports, followed by China (14.1%), India (5.4%) and Germany (4.3%).
Vietnam exported 83,067 tonnes of pepper, valued at 352 million USD in the first four months of this year, down 19.4% in volume but up 10.3% in value, the Vietnam Pepper and Spice Association (VPSA) has reported.
The average export price of black pepper was 4,065 USD per tonne and white pepper 5,678 USD per tonne, up 19.4% and 14.5%, respectively, compared to the same period in 2023.
Asia currently accounts for 36.2% of Vietnam's total pepper exports, but in the reviewed period, export volume to the regional market decreased by 52% from the same period in 2023, with the biggest decrease from the China, down 95.2%, followed by UAE with 23%.
Following are domestic pepper prices on June 4, 2024, in the main pepper growing and consumption regions: