The world has a positive view of Vietnam's spices and flavorings

The increasing demand for imported spices and flavorings in the world is a good sign for Vietnam's spices and flavorings. Among the spices of Vietnam, pepper is very famous in the world market and accounts for the highest proportion of export turnover. Up to now, Vietnamese pepper has been present in 110 countries and territories around the world, accounting for 60% of pepper exports in the world. The world's important supply Mr. Hoang Phuoc Binh, Permanent Vice President and General Secretary of Chu Se Pepper Association (Gia Lai), said that pepper is now starting a new price cycle. In the next few months and the following years, the price will gradually improve, it is likely that by the end of this year the price will reach 90,000-100,000 VND/kg. It is forecasted that the price of pepper may peak like the previous cycle in the next 8-10 years and the price is expected to reach 250,000-300,000 VND/kg. Although pepper prices have increased, pepper growers no longer suffer losses ...