(VOV) - Vietnam’s pepper exports are predicted to earn US$850-900 million by the end of 2012, according to the Vietnam Pepper Association (VPA).
Seven-month pepper exports hit record
Eleven years ago, the country exported only 50,000 tonnes of pepper worth US$90 million. But in 2011 the figure reached 120,000 tonnes, up 120 percent in volume while the value gained US$693 million, up 665 percent.
Currently, Vietnam tops other pepper exporters in the world, making up about 50 percent of global pepper output. Vietnamese pepper is present in 80 countries and territories and occupies a big market share in America, Europe, Asia and the Middle East.
VPA said Vietnam’s average annual pepper output has risen from 3-5 tonnes per hectare in 2001 to 5-7 tonnes per hectare in 2011, while other exporters such as India and Indonesia only yield 0.2-0.3 tonnes per hectare, Malaysia and Brazil 1-2 tonnes per hectare.
The VPA has increased its members from 34 in 2001 to 105 in 2011 with Chu Se pepper (in Gia Lai province) becoming a famous trade name in the world market.