The price of cashew and pepper in the Central Highlands and southern provinces has been dropping due to lower global demand (Photo: VNA)
HCM City (VNS/VNA) - The price of pepper and cashew in southern Vietnam is falling as demand has dropped due to the COVID-19 crisis, affecting farmers and businesses.
Currently, the price of pepper in the Central Highlands and southern Vietnam is 34,500–37,500 VND (1.46–1.58 USD) per kilo, the lowest in the past few years.
Ba Ria – Vung Tau province’s pepper is among the highest priced in the region, but its price dropped by 2,000 VND per kilo compared to last week.
The end of February also saw a 5 percent drop of pepper price in Vietnam compared to the end of January.
Hoang Phuoc Binh, deputy chairman of the Chu Se District Pepper Association in Gia Lai province, said that while the farming areas and output of pepper in Vietnam and other countries have risen greatly over the years, demand for pepper has only increased by 2–2.5 percent each year.
The current supply of pepper is large since farmers in large farming areas have been wrapping up their harvest. But the COVID-19 pandemic is causing global market demand lower, so prices are dropping.
Farmers are losing 15,000 VND per kilo as they have had to sell at a low price to have enough money for workers' salaries and equipment.
Pepper export turnover in the first three months of the year was 156 million USD, 18 percent lower year-on-year.
Meanwhile, the price of cashew in southern provinces is 18,000–19,000 VND per kilo, which is about 10,000 VND lower than the beginning of the year.
Unfavourable weather has also dragged down the quality of cashews.
Some farmers are chopping down their cashew crop to switch to growing something else, while cashew processing businesses are also struggling with limited global demand.
Pham Van Cong, chairman of the Vietnam Cashew Association, said that exports and the price of cashew will drop greatly within the year, and that the industry’s 2020 goal of 4 billion USD in export turnover will have to be reevaluated.
Cashew factories have been urged to slow down their transactions, keep up to date with the market, and pay more attention to product quality.
The association, however, noted that demand would not be dramatically low since cashews are considered a nutritious food, and that businesses should not be too pessimistic./.
Over the last ten days, pepper prices have fallen from an already low 82,000 VND (3.65 USD) to 72,000 VND per kilogramme, but pepper farmers in the Central Highlands continue to hold out for higher prices.
Vietnam’s pepper farmers are on pins and needles as pepper prices continue to decline. The industry is in crisis due to unsustainable development, lack of strict control over production.
Vietnamese farmers and businesses are worrying as pepper export revenue is expected to drop to under 1 billion USD in 2018 for the first time after four years despite strong increases in shipments.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
The price of cashew and pepper in the Central Highlands and southern provinces has been dropping due to lower global demand (Photo: VNA) 
