Pepper prices rising in Vietnam

Climbing prices were recorded in the central highlands provinces of Dak Lak and Dak Nong, as well as the southern provinces of Ba Ria – Vung Tau and Binh Phuoc, near Ho Chi Minh City.

Vietnam’s pepper production is set to fall 10-15% to 160,000-165,000 tons this year, the association has reported.

Prices are therefore expected to rise even further to around VND100,000.

Indonesian black pepper prices are now around $3,906 per ton, while Malaysia’s Kuching ASTA price is at $4,900.

Global demand is set to fall this year due to geopolitical tensions, experts have predicted.

The Vietnam Pepper Association targets a pepper and spice exports of around $2 billion next year, equivalent to about 400,000-500,000 tons.

Last year the country exported 267,000 tons of spices worth $912 million, up 16.6% in volume, but down 6% in value.