Many countries increased their purchases of Vietnamese pepper in the first half of the year

Pepper - once considered "black gold" thanks to its high economic value. In the first 6 months of this year, the domestic price of this agricultural product nearly doubled, from 80,000 VND to 153,000 VND per kg. In the export market, the price of each ton of Vietnamese pepper also increased by an average of 1,000 USD. Cumulatively in the first half of the year, pepper exports brought in more than 634 million USD, with black pepper prices over 4,300 USD per ton, white pepper prices at nearly 6,000 USD per ton. Despite high prices, Vietnamese pepper is still being purchased by many countries. According to data from the Vietnam Pepper and Spice Association (VPSA), the US is the largest import market with 37,435 tons, an increase of 44.6% over the same period last year, accounting for 26.3% of the market share. Next is Germany with 9,526 tons (an increase of nearly 107%), India with 8,173 tons (46%). Buyers from the UAE also bought 8,388 tons, an increase of more than 15% over the ...