Vietnam’s pepper exports forecast to recover

Monday, 2020-10-26 11:31:05
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Vietnam’s pepper prices are expected to surge as pepper prices have started moving up globally. (Photo: VNA)
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NDO/VNA – Vietnam’s pepper exports have shown signs of recovery, coming in at US$45 million in September, a year-on-year surge of 22.2%.

According to the Ministry of Agriculture and Rural Development’s Agro Processing and Market Development Authority, the country shipped 18,000 tonnes of pepper abroad in the month, up 20.4% from the same time last year.

During the January-September period, the country earned US$489 million from selling 220,000 tonnes of pepper to foreign countries, down 5.9% in volume and 17.6% in value year-on-year.

Experts forecast Vietnam’s pepper exports will get advantage in the time ahead thanks to robust signs from the main import markets like the US and India.

Besides, the European Union-Vietnam Free Trade Agreement (EVFTA) also opened various opportunities for Vietnamese pepper in the European market.

Vietnam’s pepper prices are expected to surge as pepper prices have started moving up globally.

Experts recommended local firms to promote connections with international partners so as to enlarge consumption markets while improving product quality.