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Pepper export value on the rise

Vietnam’s pepper exports fetched 85 million USD in the first quarter of the year, equalling to the previous corresponding period’s value, due to the world’s price hike.
Vietnam’s pepper exports fetched 85 million USD in the first quarter ofthe year, equalling to the previous corresponding period’s value, due tothe world’s price hike.

The nation’s first quarter export volumeof 18,000 tonnes equals to only two-thirds of the previouscorresponding period, added Director of the Ministry of Agriculture andRural Development’s Information Technology and Statistics Centre NguyenViet Chien.

Pepper export price now stands at 4,785 USD per tonne, a year-on-year rise of 53.8 percent.

TheVietnam Pepper Association (VPA) said the nation is expected to produce100,000 tonnes of pepper this year, a year-on-year rise of 5 percentas pepper yield began to restore from a prolonged drought in 2010.

VPAPresident Do Ha Nam said Vietnam’s pepper makes up 60 percent of theworld’s marketshare. With this position, he said, Vietnam can decide andgovern pepper price in the world’s market.

Vietnam exportedalmost 117,000 tonnes of pepper for 421 million USD last year, ayear-on-year rise of 20 percent, with the US, Germany and theNetherlands being Vietnam’s biggest pepper importers./.
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