PEPPER;
•The price of black pepper last week continued to skyrocket from 148,000 VND to 174,000 VND, an increase of 18%. Particularly, there were days when prices surged by $700 - $800 in just one day.
•Strong demand from various traditional markets such as China, the Middle East, and the US/EU in the past week has reinforced the belief that black pepper prices will continue to rise in the near future.
Let’s pay attention to the main points in the recent period with the following factors:
1/ Farmers:
•
The rapid increase in pepper prices has made farmers very excited,
alongside other agricultural products such as coffee and durian, which
have also seen price increases, improving the livelihoods of the people.
•
However, new pepper planting is still not widely recognized as the cost
of new pepper planting has become more expensive compared to before,
alongside other agricultural crops that offer better profits than black
pepper, such as coffee, cocoa, and durian.
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