Saturday, 11/06/2016 17:25 (GMT+7)
(CPV) - Pepper export in the first five months of 2016 saw rapid growth in volume, but export value of the commodity decreased from a year earlier, according to the Ministry of Agriculture and Rural Development.
Photo for illustration. (Photo: baogialai.com.vn)
Specifically, pepper export volume was estimated to reach 19,000 tonnes in May, valued at USD71 million, bringing the figures for the five months to 87,000 tonnes, worth USD627 million, up 19% in volume but down 7.3% in value year - on - year.
Average pepper export price in the first four months this year posted USD8,111 per ton, a year-on-year decline of 11.8%. Major markets importing pepper from Vietnam in the four months were the US, India, the United Arab Emirates and Germany, with 44.39% of market share.
Meanwhile, markets witnessing export value growth were Germany (63%), India (25.4%), the US (20.8%) and the Republic of Korea (20.4%).
Currently, Vietnam holds a 32% share of the world’s pepper market, followed by India (18%) and Indonesia (16%)./.
BTA