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Vietnam pepper update

Pepper prices today simultaneously decreased by 4,000 VND / kg compared to yesterday. In particular, the provinces of Dak Lak, Gia Lai, Dak Nong and Dong Nai recorded a price range of 72,000 - 73,000 VND / kg. After being adjusted down, the two provinces of Binh Phuoc and Ba Ria - Vung Tau recorded VND 74,500 / kg and VND 75,500 / kg respectively.
 
In the first 2 months of the year, Vietnam's imported pepper increased by 14%.  According to Vietnam Pepper Association, in the first 2 months of 2021, Vietnam imported 5,313 tons, compared with the same period the import volume increased by 13.8%. 
 
According to the General Department of Vietnam Customs, pepper export in the first 2 months of 2021 nationwide reached 30,291 tons. Compared to the same period in 2020, the number of exports will decrease by 25.3%.  Accordingly, in recent days, on raw material areas, domestic pepper prices have continuously increased from VND 56,000 / kg on March 3 to VND 70,000 / kg on March 11.
 
Meanwhile, the COVID-19 epidemic tends to decrease globally, combined with the decrease in output in pepper producing countries due to the impact of climate change, the demand for pepper consumption and processing in the markets. 
 
The pepper harvest season in 2021 is later than the previous year due to the impact of climate change. Up to now, the whole country has harvested about 30-40% on average. By the end of April 2021, the harvest has basically been completed, so there are not many products out there.
 
 
 
 
 
 
Source - VPA