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Black Pepper News - Vietnam pepper area reported up due to increased local prices
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Vietnam pepper area reported up due to increased local prices

Vietnam Pepper prices as on 27th August moving at 73,500 to 78,500 VND/Kg. Last year it was 47,000 to 50,000 VND/Kg. The average export price of Vietnam pepper in the first 7 months of the year was about 3,291 USD/ton, up 51% over the same period last year.
 
According to VPA, the actual pepper area (130,000 Ha.) has far exceeded the planned area till 2020 (50,000 Ha.), but due to the increase in pepper prices, people continue to plant new ones. 
 
World pepper market likely to be active in coming days due to an increase in demand after lockdown and reduced supplies from Brazil and Vietnam as a result of lower production.