Vietnam Pepper Pricing Overview

 

 

Pepper continues to show strength heading to second
half of the year having reached a record high of 94,000
VND/kg average pricing for raw material seen about 41%
higher than last year’s recorded pricing average for the
same quarter recorded.

Entering the month of May, pepper surpasses the
90,000’s price mark climbing into 100,000’s VND mark
able to maintain its footing two weeks in a row heading
to its third week—a feat of a new record high of 107,000
VND/kg.

Week 19, China who was initially on a sideline during first
quarter of the year, reportedly entered the picture,
buying in small volume impacted the market quite
strongly.
Coffee situation elevated the market even more. After
reaching its all-time high over 130,000 VND/kg this year,
local market was seen dropping sharply in recent days
owed to the recovery of coffee inventories. This
prompted farmers and dealers to switch their attention
back to pepper.

Year-Over-Year First Four (4) Months VN Export Volume
Vietnam Pepper export volume for the month of April
reached about 28k tons, wherein, USA imported about
7,669 tons, followed by China at 2,093 tons.

The first four (4) months of 2024, USA still leading able to
import about 23,171 tons, followed by India at 5,537
tons, Germany at 5,438 tons, and China at 5,051 tons.
Overall, Vietnam exported about 87,621 tons for the first
four months of the year – a 18% drop in export volume
as compared to last year’s same period recorded, with
pricing average that is about 24% higher this year as
compared to last year.

Indonesia
Low level of stock position due to declining crop yearly,
offers remains firm having limited offers particularly for
Muntok.
Due to Vietnam situation, farmers and middlemen who
still has remaining some stock positions are also
influenced to hold back their materials.
Thus, market was seen ascending by 8% having no firm
offers at hand from exporters due to not having enough
quantities to participate with overseas demand.

RGT Pepper Market Report – May 2024
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