Pepper price hits new record

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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


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