The price of black pepper continued to show a clear upward trend in November, with an increase from 69,000 VND (1st/11/2023) to 73,500 VND (26th/11/2023), corresponding to a price increase of 6.5% in November. The main reason for this is the strong demand from major import markets for end of year 2023 and Q1/2024 shipment.
This year’s harvest season in Vietnam is expected to be relatively similar to the previous year, with a few small harvest locations in early January and the main harvest season starting in late February or mid March 2024. This means there are still about 3 months until the 2024 harvest season.
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