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Red Chillies News - Vietnam Pepper Update
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Vietnam Pepper Update

Published on: Dec 28 2021, 01:51
Vietnam Pepper prices today (December 28) continued to be stable in key localities in the country. As noted, the purchase price is currently fluctuating in the range of 77,500 - 79,500 VND/kg. Vietnam pepper price today  maintain a sideways trend. In which, Gia Lai and Dong Nai provinces recorded the lowest price of 77,500 VND/kg. Continuing unchanged from yesterday, the purchasing price in Dak Lak and Dak Nong provinces is anchored at 78,500 VND/kg. Similarly, pepper in the two provinces of Binh Phuoc and Ba Ria - Vung Tau were traded at VND 79,000/kg and VND 79,500/kg, respectively.
 
As per trade sources, the global black pepper market is expected to grow from $3.9 billion in 2020 to nearly $6 billion in 2028, representing an average growth rate of 5.5% over the period. period 2021-2028.