Vietnam Pepper report 2023
Through evaluation and review of data compared with previous forecasts, Vietnam’s pepper output in 2023 is estimated at about 190,000 tons, up 3.8% compared to 2022.
Forcast of 2024 crop: floods occurred in July in the Central Highlands, especially in Dak Nong province, it will more or less affect the pepper garden if the pepper garden is not treated and drained to avoid waterlogging and flood rain. However, it is not as worried as the El Nino phenomenon that will take place at the end of the year and last until the beginning of next year, which leads to drought, lack of rain and may reduce Vietnam’s pepper production next year.
By the end of June 2023, Vietnam exported 152,986 tons of pepper of all kinds, black pepper reached 138,377 tons, white pepper reached 14,609 tons. Compared to the same period last year, the export volume increased by 21.8%, equivalent to 27,433 tons, but the export turnover decreased by 14.6%, equivalent to a decrease of USD 82.3 million.
The average export price of black pepper in the first 6 months of 2023 reached USD 3,484/ton, white pepper reached USD 5,011/ton, down USD 879 for black pepper and USD 1,070 for white pepper, respectively.
Vietnam domestic pepper market was closely reflecting the market. By mid May, the domestic price was still at 76,000 VND/kg, then the price dropped continuously and is now only around 70,000 VND/kg. Weak purchasing power from traditional markets such as the United States and Europe, plus signs of slowing down from the Chinese market, which has reduced buying since June, and the waiting for
the harvest of Brazil and Indonesia are the main factors. Reasons for the price of Pepper to go down.
Prosi Thang Long is the top 10 of the biggest exporters with 3,210 tons exporting to over the world.
Source: Vietnam Pepper Association