Vietnam Pepper market update 29th January 2024 – Week 4.

 

 

Last week, the price of black pepper quite rapid fluctuations throughout the day. By the end of the fourth week, the price almost unchanged.

The high demand from the EU and USA markets for immediate delivery orders has contributed to a relatively stable growth in the market recently.

Vietnam will begin a long holiday period from February 8th to February 14th (most will have a holiday from February 8th to February 18th). Therefore, during this time, the market is expected to have fewer transactions.

Agents and exporters will be cautious during the holiday period as they are concerned about rapid market changes if China enters the market.