PEPPERTRADE SPICES BOARD BLOG
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Get Pepper and Spices market reports, prices and trends, crop previews, and analysis.
PEPPERTRADE SPICES BOARD BLOG
2d ago
Pepper price today April 22 is in the range of 96,500 - 98,000 VND/kg. This year's dry season is extremely hot and has prolonged drought, causing many crops such as pepper to lose productivity and decline. This is one of the main reasons why prices have increased recently. In Dak Lak province, today's pepper purchase price is 98,000 VND/kg. In Dak Nong province, today's ..read more
PEPPERTRADE SPICES BOARD BLOG
2d ago
Pepper price is currently reaching 98,000 VND/kg, an increase of about 9,000 VND/kg compared to last week and is likely to exceed 100,000 VND/kg this week. Currently, pepper harvesting is in progress in many localities in the Southeast and Central Highlands. The increase in pepper prices during this period is surprising because normally when the harvest is in full swing ..read more
PEPPERTRADE SPICES BOARD BLOG
5d ago
--------------------------------------------- Coffee and Pepper Prices, let's move up togetherPepper market reportsIn March – Because in February, customers bought large quantities that is enough for March, This year Ramadan came too early, so demand in March decreased a bit from 96k/kg to 91 k/kg. Along with support for the increased USD exchange rate So the export price offered ..read more
PEPPERTRADE SPICES BOARD BLOG
1w ago
Update pepper informationIn a recent document sent to the Government, the Vietnam Pepper and Spice Association (VPSA) said that Vietnam is still ranked top 1 in the world in pepper production and export. However, in the context of competition and favorable market fluctuations for other crops such as coffee and durian, the area and output of Vietnamese pepper are decreasing.The ..read more
PEPPERTRADE SPICES BOARD BLOG
1w ago
According to VPSA data, VPSA enterprises accounted for nearly 90% of Vietnam's total pepper exports in the first quarter with a volume of 50,918 tons, an increase of 16.8% over the same period. In contrast, businesses outside VPSA only exported 5,794 tons, a sharp decrease of 82.5% and accounting for 10.2%. Two foreign-invested enterprises, Olam Vietnam and Nedspice Vietnam, ranked ..read more
PEPPERTRADE SPICES BOARD BLOG
1w ago
Currently, farmers in key pepper growing areas in the Central Highlands and Southeast are entering the end of the 2024 harvest season.Commenting on the export market, Ms. Hoang Thi Lien, President of VPSA, said that thanks to stable supply and guaranteed quality, Vietnamese pepper has advantages when penetrating markets. In particular, pepper exports to the Chinese market are expected to ..read more
PEPPERTRADE SPICES BOARD BLOG
1w ago
After increasing by more than 30% in the three months from December 2023 to February this year, black pepper prices in the domestic market have leveled off and are showing signs of cooling down.As of the trading session on April 10, black pepper prices in the Central Highlands and Southeast regions fluctuated between 90,000 - 91,000 VND/kg, down 2,000 - 6,000 VND/kg (corresponding to ..read more
PEPPERTRADE SPICES BOARD BLOG
1w ago
Although there is a downward adjustment, pepper prices are expected to remain at a high level in the near future.In a recent report, the Import-Export Department (Ministry of Industry and Trade) forecasts that pepper prices in producing countries will continue to remain high due to increased demand, while supply from producing countries Indonesia, Brazil, Malaysia and Cambodia are not ..read more
PEPPERTRADE SPICES BOARD BLOG
1w ago
Prolonged drought, along with many diseases, caused pepper productivity in Kien Giang to decrease sharply, and farmers were less happy because the pepper crop failed.Pepper prices are rising again after a long period of low levels. Currently, traders are buying at the garden for 95,000 VND/kg, an increase of nearly 30,000 VND/kg compared to the end of 2023. Although prices have increased ..read more
PEPPERTRADE SPICES BOARD BLOG
1M ago
At the Vietnam Pepper and Spice Industry International Conference - VIPO 2024 held on March 8-10, Mr. Jasvinder Singh, Sethi, CEO and Founder of Namagro Vietnam, said that global consumption demand is about 600,000 – 700,000 tons.This demand is met through imports and self-cultivation in the country. Asia consumes the most pepper in the world with 400,000 tonnes, of which half is ..read more