Pepper export value hits US$1bln for first time
(VOV) -Vietnamese pepper exports in the first nine months of the year hit an all time record high of 136,000 tonnes valued at US$1.022 billion, according to Vietnam Customs statistics.
In the first half of September alone, pepper businesses shipped abroad 3,556 tonnes and earned US$34 million in value.
By mid September, the total amount and value of exported pepper exceeded the corresponding figures of the whole of last year by nearly 4,000 tonnes, and over US$100 million.
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The Vietnam Pepper Association (VPA) reports last year Vietnam exported 132,637 tonnes of pepper for US$889 million.
Vietnam accounts for approximately 30% of the world’s pepper yield total and about 50% of the world’s export volume.
The US, United Arab Emirates, Holland, and India are the leading consumers of Vietnamese pepper.
The average black pepper price in key growing regions is currently hovering around VND200,000 per kg, VND60,000 higher than last year.
The black pepper export price registers over US$8,000 per tonne while white pepper stands at US$10,000 per tonne.