Vietnamese pepper will benefit from high export prices

According to data from the General Department of Customs, Vietnam's pepper exports in August 2024 reached 19.42 thousand tons, worth 116.75 million USD; down 3.1% in volume, but up 56% in value compared to August 2023. In the first 8 months of 2024, Vietnam's pepper exports reached 182.93 thousand tons, worth 877.98 million USD, down 2.7% in volume, but up 42.8% in value compared to the same period in 2023. It is forecasted that the Vietnamese pepper industry will benefit from high export prices due to limited supply. According to the Vietnam Pepper Association, the amount of pepper in the population is almost gone, only remaining in agents and warehouses of enterprises. The Vietnam Pepper and Spice Association (VPSA) said that the inventory from the 2023 crop carried over plus the import volume in 2024 is about 40,000 - 45,000 tons (including unofficial imports), showing that the export source until the end of the year will be lower than every year and until March 2025 when the ...