Vietnamese chili exports increased rapidly, farmers made big profits

Published Jan 16, 2024

Tridge summary

Vietnam has seen a significant increase in chili pepper exports to China and Laos, with the selling price also increasing, leading to stable profits for farmers. The current price of chili at the garden is fluctuating between 38,000-40,000 VND per kg, with selected export types fetching higher prices. Vietnam is a major producer of chili peppers, with key growing areas in provinces such as Dong Thap, An Giang, and Tien Giang, contributing to the country's status as a significant global exporter of dried chili.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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. For the past two years, Vietnam has been able to export chili officially 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. Chili growers said that China is eating again this year, so the selling price has skyrocketed. Many traders are currently hunting everywhere, even offering to buy in large quantities, making chili growers more excited. Currently, the price of chili at the garden is fluctuating 38,000-40,000 per kg. 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 VND. It was noted that at retail markets in Ho Chi Minh City, the price of chili also increased by several ...

Source: Voh