Quick highlight Pepper market update 19th February 2024 – Week 6 & 7.

 

Last 2 weeks, the price of black pepper increased from 84,000 VND to 87,000 VND, equivalent to a 3.6% increase.

There is a significant demand from various markets such as the US, EU, Asia, and Africa for immediate delivery orders in the first quarter of 2024.

The largest market, China, continues to not participate in purchasing for the new 2024 crop.

Vietnam has started a long Tet holiday and will resume work on February 15, 2024. Farmers/ collectors start to work again on February 19th, 2024