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DAILY: Vietnamese pepper prices remained unchanged on November 27 

 Monday, November 27,2023

AsemconnectVietnam - On Monday, domestic pepper prices in Vietnam's Central Highlands remained unchanged at VND69,000 to VND72,000 per kg compared to Yesterday, according to Kinhtedothi.vn.

In Ba Ria-Vung Tau province, the maximum price for pepper stayed at  VND71,500 per kg, while in Gia Lai province, the lowest price at VND69,500 per kg. Farmers in Binh Phuoc sold pepper for VND72,000 per kilogram, in Dong Nai province for VND69,000  per kilogram, and in Dak Lak and Dak Nong provinces for VND70,500 per kilogram.
The Ministry of Agriculture and Rural Development officially issued Decision No. 3970 on September 27, 2023 regarding the adjustment of the decision to establish the PPP Task Force for Black Pepper and Spice, jointly chaired by the Department of Plant Protection, the Department of Forestry, the Vietnam Pepper and Spice Association (VPSA), and IDH Vietnam.
 With regards to the activities of the PPP Task Force for Black Pepper and Spice (referred to as the PPP Task Force) in 2023 and directions for 2024 and 2025, the Department of Plant Protection collaborated with VPSA and IDH Vietnam to organize the annual conference of the PPP Task Force for Black Pepper and Spice on November 23 in Ho Chi Minh City.
According to Ms. Hoang Thi Lien, Chairwoman of VPSA, the black pepper and spice industry in Vietnam has made significant achievements over the past twenty years and has received considerable support from the government. Vietnam currently holds a 11% share of the global spice export market, with black pepper and cinnamon leading in production and exports. This contributes to the total agricultural export turnover of Vietnam, thereby improving the lives of ethnic minorities in remote and impoverished areas.
Vietnam's total volume of spice exports reached over 355,500 tonnes in the first ten months of 2023, which is valued at over 1.126 billion USD, this is a decrease of 5% in value but an increase of 24.9% in volume. Notably, the export volume of black pepper reached over 223,500 tonnes, which is valued at 751 million USD. This is an increase of 14.6% in volume but a decrease of 11.7% in value. Additionally, the export volume of cinnamon reached 74.7 tonnes, marking an increase of 19.2% in volume and a decrease of 1.3% in value.
However, achieving an export volume of over 355,500 tons is the concerted effort of businesses and farmers in gradually adjusting production towards sustainability. It is expected that in 2024, Vietnam's spice export volume will reach at least 400,000 to 500,000 tons, and the value of Vietnamese products will also increase with the joint efforts of all stakeholders in the black pepper and spice supply chain.
Following are domestic pepper prices on November 27, 2023, in the main pepper growing and consumption regions:
Province/District
Purchase price (VND/kg)
Vs. November 26
DAC LAC
 
— Ea H'leo
70,500
-
GIA LAI
 
— Chu Se
69,500
-
DAK NONG
 
— Gia Nghia
70,500
-
BA RIA - VUNG TAU
Average price
71,500
-
BINH PHUOC
 
Average price
72,000
-
DoNG NAI
 
Average price
69,000
-
 
T.Huong
Source: Vitic/kinhtedothi

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