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Black Pepper News - Vietnam Pepper Scenario
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Vietnam Pepper Scenario

Published on: Jan 28 2022, 05:02
Vietnam Pepper prices today (January 28, 2022) in the domestic market went sideways after 3 consecutive days of increasing. Currently, the domestic price of pepper is trading around 81,000 - 83,500 VND/kg. Specifically, today's pepper price in Dak Lak and Dak Nong provinces continued to trade at VND82,000/kg. Gia Lai pepper price  today 28/1 continued to buy pepper to maintain at 81,000 VND/kg, unchanged compared to yesterday. Pepper price in Dong Nai today is also flat, currently trading at 80,500 VND/kg. Today's pepper price in Ba Ria - Vung Tau continues to trade at 83,500 VND/kg - the highest level of pepper trading in the country today. In Binh Phuoc, pepper price today 28/1 traded at 82,500 VND/kg, flat compared to yesterday.
 
Vietnam pepper production is expected to continue low due to the impact of climate change and objective causes such as fertilizer prices, drug prices, and rising labour costs. It is forecasted that in 2022, Vietnam's pepper output will decrease compared to 2021, which will cause pepper prices to increase in the near future.
 
World pepper prices will continue to trend up due to increased demand, while supply is limited due to reduced output and difficulties in transportation, according to the latest report from the Import-Export Department,Ministry of Industry and Trade, Vietnam.