Will Less demand from exporters push down Vietnam pepper prices?

Here’s a brief overview of what’s shaping the market:

**Global Demand and Supply:** The worldwide pepper market is currently facing a supply-demand imbalance, primarily due to decreased production in major regions like Vietnam and Brazil. This supply constraint could provide support for current price levels.

**Export Trends:** Vietnam’s pepper exports demonstrated strong performance in March 2024, showing a significant increase in both volume (92.7%) and value (doubling) compared to the previous month. However, shifts in demand from key import markets such as the US and EU can still play a role in price adjustments.

**Price Trends:** The price of Vietnamese pepper has seen an upward trend, attributed to both smaller cultivation areas and greater demand. The average export price is currently around $7000 per ton, while domestic prices have been ranging between 152,000 and 162,000 VND per kilogram.

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