HCM City (VNA) – Vietnam exported 142,586 tonnes of pepper in the first half of this year, down 6.8% in volume but up 30.5% in value, the Vietnam Pepper and Spice Association (VPSA) has reported.
The US remains the largest importer of the Vietnamese spice with 37,435 tonnes, surging by 44.6% year-on-year, accounting for 26.3% of the market share.
Exports also skyrocketed to some markets such as Germany, the Netherlands, India, and the UAE, rising by 106.7%, 52.1%, 45.7%, and 15.2%, respectively.
Businesses attributed the situation to the continuous increase in pepper prices in the last six months. Currently, the average export price rose by 1,000 USD per tonne compared to the same period last year. The average export price of black and white pepper was over 4,300 USD and 6,000 USD per tonne, respectively.
On the other hand, Vietnam imported over 18,000 tonnes of pepper worth 69.6 million USD in the January – June period, up 18.9% in value compared to the same period last year. Brazil, Cambodia, and Indonesia are the biggest suppliers of pepper for Vietnam./.
