Pepper price falls sharply

03:02, 23/02/2017

(ĐN)- According to pepper growers in Dong Nai province, pepper has been sold at VND110,000 a kilogram in recent months, down 50 percent compared to the same period in 2016.

 

(ĐN)- According to pepper growers in Dong Nai province, pepper has been sold at VND110,000 a kilogram in recent months, down 50 percent compared to the same period in 2016.

The sharp fall was due to the decreasing pepper demand in the global market. It is estimated that pepper prices will not be high because of supply higher than pepper demand in the global market due to the fast expansion of growing areas in Vietnam and in the world.

Reported by B.N