Pepper price has jumped from 50,000 VND/kg to 160,000 VND/kg, but supply cannot meet demand, so it is predicted that pepper price will continue to increase without stopping...
In recent days, pepper farmers in Duc Linh and Tanh Linh districts have been very happy because pepper prices have increased rapidly day by day. However, many areas have died due to pests or prolonged hot weather without enough irrigation water, so the output supplied to the market is not much. Mr. Nguyen Dung in Suoi Lanh area, Da Kai commune, Duc Linh has a cashew garden of about 3 hectares, under the cashew trees he intercropped pepper trees. A few years ago, pepper only cost 50,000 - 60,000 VND/kg, so his family did not invest much in fertilizer, because investing too much would cause losses, so they left the pepper garden alone to earn as much as they could. At the end of last year's crop, pepper prices showed signs of increasing, so many pepper growers began to take care of fertilizing and spraying pesticides. Mr. Dung said: "Pepper is very difficult to grow. My family had a specialized pepper garden, but 2 years ago, it all died, leaving only 3 hectares intercropped under the cashew trees, but the yield was not as high as the specialized crop." Ms. Le Chien - Vice Chairman of the People's Committee of Da Kai commune said: In the past 3 years, a lot of specialized pepper growing areas in the commune have died, currently there are only about 90 hectares of pepper grafted with cashew. Monoculture pepper can yield from 1500 to 3000 kg/ha, but grafted pepper can only yield 500 to 800 kg/ha. This year, pepper prices have increased, but when the price was around 100,000 - 110,000 VND/kg, people sold a lot, only a few families had the conditions to store pepper, so now they have made a big profit...". In Duc Tin and Duc Linh communes, many pepper growers have invested in a methodical way, such as drip irrigation from the roots to the top, isolating strangers from entering the garden to avoid disease transmission. Mr. Nguyen Ry in Duc Tin, who has a pepper garden of over 3 hectares, said: Growing and caring for pepper plants is very difficult, there is currently no specific medicine for pepper diseases, so when a plant gets sick, it must be isolated and not allowed to enter or leave the isolated area to avoid infection to other plants. Because pepper plants are difficult to care for but the price has not reached expectations, while other crops such as coffee and durian have had record high prices in recent years, many households have destroyed their pepper gardens to plant other plants...
Mr. Truong Quang Den - Head of Duc Linh Agriculture and Rural Development Department said: The whole district currently has 628 hectares of pepper, most of which are at harvest age, with an average yield of 15 - 16 quintals/ha, and an output of about 972 tons.
If in Duc Linh pepper is included in the strategic crop planning, in Tanh Linh pepper is not included in the planned crop due to soil quality and other conditions. However, many households in Tanh Linh have the conditions to still grow pepper. A few years ago, Mr. Phan Dai in Duc Thuan commune invested in building brick pillars to grow pepper, but after 3 years of harvesting, the pepper got sick and died in the garden. Not discouraged, he planted pepper on the hillside of more than 1 hectare, sticking with it through several low-priced pepper crops. This year he harvested nearly 2 tons of commercial pepper, so he was very happy. He confided: All agricultural products follow market prices, so there are years when many households see low prices and immediately cut them down to plant other trees, but when harvesting, the other trees are no longer in their prime while pepper is at a high price, so they regret it. Therefore, not only with pepper but also with other types of trees, before planting, we must determine the long-term market value and be persistent to have good revenue. Currently, Tanh Linh has about 114 hectares of pepper concentrated in the northern part of the district river from Huy Khiem to Duc Phu...
According to statistics, Vietnam exported 113,000 tons of pepper of all kinds in the first 5 months of 2024, while the supply is increasingly narrowing. The amount needed for export has decreased significantly while the 2025 harvest season is still 8 months away. This is a big challenge for the pepper market when the supply is forecast to be lower than global demand. In the context of low global pepper inventories, pepper output in many countries is low due to the negative impact of the El Nino phenomenon... causing pepper prices to continue to increase. Assessing the cause of the continuous increase in pepper prices, experts from the pepper association said that pepper inventories in major producing countries such as Vietnam, India and Brazil are all low, while consumption demand has been high in recent times. Pepper purchasing activities of businesses have increased sharply to prepare for the holidays of the year. In addition, domestic and international demand for pepper is on the rise as consumers increasingly prefer natural, healthy spices. In addition, demand for pepper reserves is also increasing due to concerns that supply may continue to decrease in the future, many investors and businesses have increased purchases for storage.
Pepper prices are increasing day by day and will likely continue to rise to “peak” like in 2015 with a price of 250,000 VND/kg. This is the “golden” time to help pepper growers have a high source of revenue for reinvestment…
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