Pepper prices tumble to 10-year lowPepper prices in the Central Highlands have plunged to VND48,000-49,000 per kilogram, the lowest price point over the last decade, reported news website Vietnamplus. Pepper prices in the Central Highlands tumble to 10-year lowThe prices are VND4,000-5,000 lower than that late last month and represent a decline of VND151,000-152,000 per kilogram against 2015 when prices were sky high at around VND200,000 a kilo. Pepper prices were forecast to continue fluctuating for the rest of the year, causing multiple difficulties for growers. Over the last five years, farmers in the Central Highlands have rushed to grow pepper, doubling the pepper plantation area compared with the planned area. Dak Lak has the largest pepper plantation area, at 42,600 hectares, whereas it had earlier planned to have only 15,000 hectares of pepper by 2020.
