AsemconnectVietnam - According to Kinhtedothi, domestic pepper prices in Vietnam's Central Highlands decreased by 2000 VND per kg on Monday compared to yesterday, when they were 142,000 – 143,500 VND per kg.

Pepper prices continued to decline early this week as cash flow shifted to coffee trading. Currently, the coffee season is at its peak and the price of this commodity has doubled compared to last year. Therefore, traders and agents need more capital. Some have chosen to sell off pepper in stock to import goods, while demand has not improved, causing pepper prices to decrease.
Commenting on the market this week, experts said that the downward trend continues. However, the rain and flood circulation after Tra Mi storm may affect pepper gardens, causing concerns about the impact on next year's crop output. This could be a factor that promotes or at least helps balance the market, so that it does not fall below the 140,000 VND/kg mark.
According to Thanh Nien newspaper in Gia Lai province, with prices rising again, many farmers have begun to explore and replant pepper trees. However, the old pain still haunts them, so they are currently only planting sparingly or replanting on old pepper trees interspersed in coffee gardens.
Mr. Hoang Phuoc Binh - Permanent Vice President of Chu Se Pepper Association said that the increase in pepper prices is an opportunity to revive this high-value crop in the coming time. "We regularly propagate and mobilize people to be alert in choosing varieties when planting new crops, thoroughly applying scientific intensive farming measures to avoid risks. We also connect with purchasing enterprises, fertilizer suppliers to cooperate with people to build demonstration models of organic and clean pepper production for people to learn and apply to improve economic efficiency. This is a long-term direction, suitable for export market demand" - Mr. Hoang Phuoc Binh told Thanh Nien.
Following are domestic pepper prices on October 28, in the main pepper growing and consumption regions: