Pepper export value up 6.1 percent

Wednesday, 05/12/2012 11:20

(CPV) – In November, Vietnam’s pepper exports reached an estimated 7,000 tonnes, earning about USD53 million, reported the Ministry of Industry and Trade (MoIT).

According to MoIT, although pepper prices in the world market decreased because of demand source pressure in the two big markets of Indonesia and Sri Lanka, the global pepper market would stabilize when the US and Europe kicked off pepper purchases for Christmas 2012 and New Year Eve 2013.

In October 2012, average export pepper prices posted USD6.798 per tonne, a 17.1 percent rise from the same month last year. Vietnam’s export pepper prices are forecast to increase in the near future, but the export volume in the remaining months of the year will slow compared to early this year.

Currently, Vietnam’s pepper is directly exported to almost all major world markets. Over the past eleven months, numerous importers of Vietnam’s pepper saw rise in volume, such as Turkey, Spain, the UK, the Philippines and Italy./.

 

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