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Black Pepper News - Vietnam Pepper price today decreased slightly
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Vietnam Pepper price today decreased slightly

Vietnam Pepper price today as on 15th September in the domestic market decreased slightly in some places compared to yesterday. Specifically, the price of pepper in Dak Lak and Dak Nong today continued to be purchased at 66,500 VND/kg; Pepper price today in Gia Lai remained stable at 66,000 VND/kg; in Dong Nai is still flat, continuing to buy at 66,000 VND/kg; in Ba Ria - Vung Tau decreased slightly by 500 VND/kg, to 68,000 VND/kg - still keeping the highest pepper purchasing level in the country today.
As for Binh Phuoc pepper price today, it traded at VND 67,000/kg, unchanged from yesterday. The domestic pepper market is mostly flat, only Ba Ria - Vung Tau is down slightly by 500 VND/kg compared to yesterday.
Domestic pepper prices continue to be influenced by the rising USD and in the context that the Fed will strongly raise interest rates in the adjustment phase that will take place on September 20-21.
The strong USD will force the price of VND to decrease, which causes the export price of our country's pepper to decrease continuously in the past 1 month. Compared to 15th August our country's export black pepper price has decreased by 400 USD/ton, currently only 3,350 USD/ton with 500 g/l black pepper; white pepper price is down to 5,300 USD/ton; down 300 USD/ton. According to sources, weak demand is still the factor that restrains the recovery of pepper prices in the following months. Especially the two markets, Europe and America, where our country's largest pepper consumption is.