Monday, June 24,2024 - 19:14 GMT+7  Việt Nam EngLish 

DAILY: Vietnamese pepper prices rose by 500 VND on January 29 

 Monday, January 29,2024

AsemconnectVietnam - On Monday, domestic pepper prices in Vietnam's Central Highlands rose by 500 VND to VND80,000 to VND83,000 per kg compared to Yesterday, according to Kinhtedothi.vn.

The maximum price for pepper  rose to VND83,000 per kg in Dac Lac and Dac Nong, while in Dong Nai province, the lowest price stayed at VND80,000 per kg. Farmers in Binh Phuoc sold pepper for VND82,500 per kilogram, in Gia Lai province for VND80,000 per kilogram, and in Ba Ria – Vung Tau province for VND82,000 per kilogram.
With only about 10 days left until the Lunar New Year holiday in Giap Thin, factories and processing facilities have stopped operating. Vietnam's 2024 pepper harvest began in some districts of Dak Nong province 1 month ago, but the harvest is mainly scattered in some districts.
Due to the effects of climate change, this year's harvest is later than last year, and Vietnam's pepper output in 2024 is expected to reach 170 thousand tons, down 10.5% compared to 2023.
Experts say that from now until the Lunar New Year, there will not be much change in the market. Prices are around 80,000 - 83,000 VND/kg, unlikely to reach 85,000 VND/kg due to lack of supporting factors. Farmers' cautious mentality after many recent agent defaults along with forecasts of supply shortages has resulted in a small amount of actual goods traded.
​​Following are domestic pepper prices on January 29, 2024, in the main pepper growing and consumption regions:

T.Huong
Source: Vitici/Kinhtedothi

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