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DAILY: Vietnamese pepper prices rose by 3,000 VND on June 18, 2024 

 Tuesday, June 18,2024

AsemconnectVietnam - On Tuesday, domestic pepper prices in Vietnam's Central Highlands rose by 3,000 VND per kg to 158,000 - 161,000 VND per kg compared to Yesterday, according to Kinhtedothi.

During the first five months of the year, Vietnam exported 114,424 tonnes of pepper, valued at 493.1 million USD, down 13.2% in volume but up 20.6% in value over the same period last year.
The average export price of black pepper is 4,197 USD per tonne and white pepper, 5,804 USD per tonne, up 754 USD and 849 USD respectively compared to the same period in 2023.
The US was the largest importer of the Vietnamese spice in the period with 30,466 tonnes, accounting for 26.6% of the total and up 44.4% year on year. Exports also skyrocketed in some markets such as Italy, Germany, and Russia with rises of 179%, 103.2% and 49.7%, respectively.
Vietnam has promoted pepper export to many traditional markets such as the US, India, Germany, the Netherlands, the Republic of Korea, and Egypt. Export to many markets increased sharply in both volume and value.
According to the Vietnam Pepper and Spice Association (VPSA), Vietnam's pepper production this year is estimated to decrease by 10% compared to last year, to only about 170,000 tonnes - the lowest in the past five years. Meanwhile, the supply from countries such as Brazil, Indonesia, India and even smaller producers like Malaysia and Sri Lanka is also declining.
Following are domestic pepper prices on June 18, 2024, in the main pepper growing and consumption regions:

Province/District

Purchase price (VND/kg)

Vs, June 17

DAC LAC

 

 

— Ea H'leo

160,000

 +3,000

GIA LAI

 

 

— Chu Se

158,000

+3,000

DAK NONG

 

 

— Gia Nghia

161,000

 +3,000

BA RIA - VUNG TAU

   

Average price

159,000

+3,000

BINH PHUOC

 

 

Average price

158,000

 +3,000

DoNG NAI

 

 

Average price

158,000

+3,000

T.Huong
Source: Vitic

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