Vietnam is seeking ways to revive the billion-dollar pepper industry which has been struggling against unfavourable weather conditions and the COVID-19 pandemic for over the last several years.
After years of fluctuations, in 2021, the pepper industry enjoyed a good growth to regain its position as one of the major export products with revenue from 1 billion USD.
The Ministry of Agricultural and Rural Development is working with localities to examine the development of pepper farming with a view to designing a sustainable growth orientation for the sector between now and 2030.
With supply remaining higher than demand in the global market, pepper prices are unlikely to recover this year, according to the Vietnam Pepper Association.
The pepper industry plans to reduce the area under the spice and focus on improving quality to ensure long-term growth, according to the Ministry of Agricultural and Rural Development.
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.
The pepper industry plans to reduce the area under the spice and focus instead on improving quality to ensure long-term growth, a seminar heard in Ho Chi Minh City on January 25.
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