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| Vietnam's pepper export nears USD 500 million.__Photo: VNA |
So far this year, Vietnam has shipped abroad 114,424 tons of pepper worth USD 493.1 million, down 13.2 in volume but up 20.6 percent in value over the same period last year.
The average export price of black pepper is USD 4,197 per ton and white pepper, USD 5,804 per ton, up USD 754 and USD 849 respectively compared to the same period in 2023.
The US was the largest importer of the Vietnamese spice in the period with 30,466 tons, accounting for 26.6 percent of the total and up 44.4 percent year on year. Exports also skyrocketed in some markets such as Italy, Germany, and Russia with rises of 179 percent, 103.2 percent and 49.7 percent, respectively.
Vietnam has promoted pepper export to many traditional markets such as the US, India, Germany, the Netherlands, the Republic of Korea, and Egypt. Export to many markets increased sharply in both volume and value.
According to the Vietnam Pepper and Spice Association (VPSA), Vietnam's pepper production this year is estimated to decrease by 10 percent compared to last year, to only about 170,000 tons - the lowest in the past five years. Meanwhile, the supply from countries such as Brazil, Indonesia, India and even smaller producers like Malaysia and Sri Lanka is also declining.-(VNA/VLLF)
