According to data from the Ministry of Agriculture and Rural Development (MARD), in the first 7 months of 2021, although the export volume of pepper decreased (reaching 182 thousand tons, down 1.3% compared to the same period in 2020), the export value still increased thanks to the average export price increase (reaching 599 million USD, up 49.8% compared to the same period in 2020).

Particularly, the average export price of pepper in the first 7 months of 2021 reached 3,292.9 USD/ton (up 51.8% compared to the same period in 2020). Not only Vietnam, the price of white pepper on the market internationally also increased significantly from 30% to 39% since the beginning of the year. Meanwhile, the price of black pepper in Indonesia increased by 25.7%, black pepper in India increased by 17.5%, black pepper in Malaysia increased by 35.6%, especially black pepper in Brazil increased by 42.9%.

The largest export markets for Vietnamese pepper at the beginning of 2021 were the United States, the United Arab Emirates, and Pakistan.

According to observers, the decline in pepper production in Vietnam - the world's largest pepper exporter - is the reason driving global pepper prices up in the early months of this year. Experts predict that domestic demand will increase in August 2021 as export units increase purchases to compensate for the shortage of reserve pepper in warehouses. With the current scarcity, pepper prices may soon reach 80,000 VND/ton right in August. According to the report of the International Pepper Community (IPC), global pepper supply is limited due to reduced acreage, low productivity due to unfavorable weather conditions, and poor preservation skills. It is expected that global pepper production in 2021 will reach 555,000 tons (down 21,000 tons compared to 2020). Of which, Vietnam's pepper production is expected to reach 220,000 tons (down 20,000 tons compared to 2020). Source: tieudung.vn