Vietnamese chili exports increased dramatically

This is data recently announced by the Vietnam Pepper Association. Accordingly, China and Laos are the two main export markets of Vietnamese chili peppers, reaching more than 8,600 tons and 1,100 tons, respectively, accounting for 85% and 10.9% of the market share. In the past two years, Vietnam has been able to officially export chili to China, helping the turnover of this fruit skyrocket. The selling price of chili peppers is also much better than in 2022, helping farmers have stable profits. On average, each chili plantation will yield over 1 ton of fruit a year. With a selling price of 8,000-12,000 VND per kilogram, farmers will earn 8-15 million VND per acre, and with a price of 30,000-40,000 VND, they have a revenue of 30-50 million VND. Currently, the price of chili at the garden is fluctuating 38,000-40,000 per kilogram. Particularly for selected export types, the price is from 62,000-65,000 VND per kg, type 2 chili is 58,000-60,000 VND, market chili is from 55,000-58,000 ...