Pepper exports turn into ‘black gold’
(VOV) -The value of Vietnam pepper exports has surged 35.7%in the eleven months leading up to December to US$1.16 billion on-year, crossing over the 150,000 tonne benchmark for the year.
Vietnam produces approximately 30% of the world’s pepper yield and about 50% of the world’s export volume. The US, United Arab Emirates, the Netherlands and India are the leading consumers of Vietnamese pepper.
Vietnamese pepper has faced stiff competition from India, however the highest growth for pepper exports in the period has been seen in the Pakistan market, with more than a two-fold on-year increase.