The Vietnam Pepper Association reported on December 15 that the country’s pepper exports have reached about 130,000 tons, bringing in a turnover of US$720 million.
This has been due to several advantages in the export market and an increase in export prices. For the last three years, pepper prices have increased steadily.
Currently, pepper price in the domestic market is around VND150,000 per kilogram, while price in the beginning of the year was VND80,000 per kilogram.
With productivity of 3 tons per hectare, pepper farmers will gain high profits this year, said Do Ha Nam, chairman of the Vietnam Pepper Association.
Since 2001, Vietnam has remained a top pepper exporter in both value and volume in the world market.
According to the Ministry of Agriculture and Rural Development, in November this year, export volume was 6,000 tons, valued at $40 million. With this, the total pepper export volume in 11 months was 122,000 tons and $713 million in value.