Pepper export prices soar
(VOV) -Vietnam has exported 56,000 tonnes of pepper during the first four months of this year, fetching US$513 million, a fall of 25% in volume but a rise of 0.5% in value against last year’s same period.
The Ministry of Agriculture and Rural Development (MARD) reported that average export prices jumped 34.6% to US$9,134 per tonne. Pepper exports to the three largest markets in the US, Singapore and India during the first quarter, accounted for 44.28% of the total volume.
Nguyen Mai Oanh, Vice President of the Vietnam Pepper Association (VPA) said pepper prices tends to surge high.
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However, businesses said that decline in export volume was due to returned products, as they did not meet quality standards.
To handle the problem, the VPA asked the MARD to send groups to evaluate the current production situation at key production zones, including cultivation, harvesting and preservation, in order to devise proper solutions.
Oanh added that the MARD should provide assistance for pepper production, example developing production connectivity models or producing pepper according to GAP standards and transferring techniques, as well as technology for farmers.