Vietnam’s pepper exports forecast to recover

Monday, October 26, 2020  10:14

Vietnam’s pepper prices are expected to surge as pepper prices have started moving up globally.(Photo: VNA)

Hanoi (VNA) – Vietnam’s pepper exports have shown signs of recovery, coming in at 45 million USD in September, a year-on-year surge of 22.2 percent.

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 percent from the same time last year.

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

Experts forecast Vietnam’s pepper exports will get an 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./.

VNA