Vietnam's pepper exports earn over 1.2 billion USD

Source: giaothuong.congthuong.vn Vietnam's pepper export value has far exceeded the 910.5 million USD figure for the whole year of 2023, while the export volume is about 23,900 tons lower. This is also a record high for pepper since 2017. Pepper's return to its golden age is partly due to the high price of this commodity since the beginning of the year. In January this year, the export price of pepper was only at 4,003 USD/ton, by October it had jumped to 6,501 USD/ton, up 72.4% compared to the same period last year. According to the Vietnam Pepper and Spice Association (VPSA), the average export price of black pepper in 11 months reached 5,073 USD/ton, up 47.3% and white pepper reached 6,772 USD/ton, up 36.7% over the same period last year. In the domestic market, pepper prices increased rapidly from 80,000 VND/kg in January to 180,000 VND/kg in mid-June. After that, prices cooled down but remained at a high level, helping pepper growers in our country make a big profit. ...