Vietnam pepper prices are likely to continue their upward trend after the May Day holidays
Vietnam pepper prices are likely to continue their upward trend after the May Day holidays due to several factors: Decreased Supply Vietnam’s pepper production has been declining in recent years, with output reaching around 164,000-180,000 tons. Global consumption, however, is rising steadily at 2.5% annually. Increased Demand Demand for pepper is recovering, especially in China, with the approaching holidays contributing to increased demand. The US and EU markets are currently on hold, but purchases are expected to pick up. Higher Transportation Costs Rising transportation costs [...]