AsemconnectVietnam - On Monday, domestic pepper prices in Vietnam's Central Highlands remained unchanged at 150,000-151,000 VND per kg compared to Yesterday, according to Kinhtedothi.

Last week, domestic pepper prices increased by an average of VND2,000 - 3,000/kg, except for Binh Phuoc. Thus, pepper prices in Binh Phuoc province have fluctuated the least in the past half month. The Central Highlands provinces are fluctuating strongly due to pressure from speculative activities.
After a series of declines at the beginning of last week, domestic pepper prices recovered slightly in the last two sessions. The Fed's interest rate cut last week is considered to have had an insignificant impact on domestic pepper prices, while the decrease in the USD helped pepper prices in other countries increase well.
According to experts, the reason is that the market is quite quiet due to low supply. After exporting all the pepper harvested in the last crop, the market depends on the amount of pepper reserves and imports which are already quite small.
In the first 15 days of September 2024, Vietnam exported 6,917 tonnes of pepper, with a total export turnover of 42.3 million USD. Meanwhile, in the first 15 days of August 2024, Vietnam exported 10,082 tonnes of pepper, with a total export turnover of 58.8 million USD. Compared to the previous month, pepper exports are decreasing sharply, equivalent to 30%.
However, experts still maintain their opinion that domestic pepper prices may exceed the threshold of 160,000 VND/kg before entering the harvest season in Vietnam.
One of the main reasons for the increase in recent times is the limited supply worldwide. Looking at the long term in the next 3-5 years, the amount of pepper produced cannot meet the world's consumption demand. Regarding pepper prices this week, experts say it is difficult to have a breakthrough, but there are positive signs when the market is rising in the last 2 days of last week.
Following are domestic pepper prices on September 23, in the main pepper growing and consumption regions:
Following are domestic pepper prices on September 23, in the main pepper growing and consumption regions: