Tuesday, July 16,2024 - 19:25 GMT+7  Việt Nam EngLish 

DAILY: Vietnamese pepper prices remained unchanged on June 21, 2024 

 Friday, June 21,2024

AsemconnectVietnam - On Friday, domestic pepper prices in Vietnam's Central Highlands remained unchanged at 156,000 - 160,000 VND per kg compared to Yesterday, according to Kinhtedothi.

Vietnam imported 1,357 tonnes, valued at 6.6 million USD. Olam is the main importer with 208 tonnes, while Indonesia, Cambodia, and Brazil are the three main pepper suppliers to Vietnam with 596 tonnes, 486 tonnes, and 135 tonnes respectively.
So far this year, Vietnam has shipped abroad 114,424 tonnes of pepper worth 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 21, 2024, in the main pepper growing and consumption regions:



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