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Black Pepper News - Vietnam Pepper Market Sentiment
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Vietnam Pepper Market Sentiment

Vietnam pepper price is stable in the range of 73,000 - 76,000 VND/kg. In which, the lowest price is 73,000 VND/kg in Gia Lai province. Higher is Dong Nai province with 73,500 VND/kg. Currently, the two provinces of Dak Lak and Dak Nong are trading pepper at the same price of 74,000 VND/kg. Similarly, pepper prices today in Binh Phuoc and Ba Ria - Vung Tau also remained unchanged, at VND 75,000/kg and VND 76,000/kg, respectively.
 
China's insistence on the "Zero COVID" policy not only disrupts the domestic supply chain, but also affects the price of Vietnamese pepper in the near future. Exports to China are forecasted to continue to decline, and at the same time, some pepper shipments that are stuck at the border gate may be sold back to Vietnam to cut losses. This is putting pressure on domestic pepper prices.