Pepper Prices Plummet in ⁢Southeast⁤ Region

Pepper prices in the Southeast region have​ experienced a sharp decline, with key growing areas witnessing a drop of 2,500 – 3,000 ‌VND/kg ‍compared to⁤ the previous day. The​ current trading price ranges from 149,500 – 150,000 VND/kg, with the highest ​purchase price⁣ recorded in the provinces of Ba Ria – ‍Vung Tau, Dak⁣ Lak, Binh Phuoc,⁢ and Dak‍ Nong at 150,000‌ VND/kg.

The ⁣price ​of⁢ Dak Lak ​pepper‌ has decreased to 150,000 VND/kg, marking a 3,000 VND/kg drop compared to the previous day. Similarly, the price of Chu Se pepper ⁣in Gia Lai has fallen ​to 149,500 VND/kg, down 2,500 ‍VND/kg ⁣from the​ previous day. Dak Nong pepper prices ​have also declined to‌ 150,000 VND/kg, representing a 3,000 VND/kg ⁢decrease.

In the Southeast region, pepper prices have ⁤decreased by 3,000 VND/kg compared to the previous‌ day. Specifically, Binh Phuoc ⁤has witnessed a decline to ⁤150,000 VND/kg, down 3,000 VND/kg from the previous day. Ba Ria – Vung Tau has also experienced a decrease ​to 150,000⁣ VND/kg, down 2,500 VND/kg from the previous day.

Following a five-day ‍streak of increases, pepper⁢ prices have⁣ turned downward, fluctuating within⁤ the ⁣range of 149,500 – 150,000 VND/kg. The highest price of 150,000 VND/kg has been recorded in the pepper-growing areas of Ba Ria -⁣ Vung Tau, Dak Lak,‌ Dak Nong, ​and Binh Phuoc.

According to the⁢ International Pepper Association (IPC), the global pepper⁤ market has been impacted by the El Nino phenomenon, resulting in limited supply. In the long term, the next 3-5 years⁣ are expected to see a shortage in ⁣pepper⁤ production, failing to meet the world’s pepper consumption demand.

For the latest updates on pepper prices, refer to the IPC’s listings,​ which reported the price ‌of Indonesian ​Lampung black pepper at⁣ 7,521 USD/ton and Muntok white pepper at 8,855 USD/ton in the most recent trading session.