The domestic pepper price hit a 15-year high this morning as high demand and low supply on the world market forced up the price.
The per tonne price reached VND124 million (US$5,900) today, an increase of VND4 million ($190) per tonne on the previous week’s price.
Last Saturday, the price stood at VND120 million ($5,700) but jumped to VND122 million ($5,800) on Sunday.
Last month, the country exported more than 13,000 tonnes of pepper, worth a total value of $78.5 million. — VNS