Vietnam's pepper industry wins big, experts warn not to forget the "adversity" 10 years ago

Published Dec 17, 2024

Tridge summary

Vietnam's pepper exports have reached a billion dollars after a decade, with a total export turnover of 106.5 million USD in November 2024. The average export price of black pepper in November was 6,513 USD/ton, and white pepper was 8,286 USD/ton. The total export turnover for the first 11 months of 2024 was over 1.217 billion USD. The industry is expected to maintain high prices in the short term due to limited supply, and experts predict a new price increase cycle that could last 10-15 years, peaking at 350,000 - 400,000 VND/kg. The sustainable farming of pepper through intercropping and polyculture with coffee and fruit trees is being promoted to reduce costs and disease risks.

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

Original content

Thus, after exactly 1 decade, pepper exports have officially returned to being our country's billion-dollar agricultural product (in 2014, it reached 1.2 billion USD). According to information from the Vietnam Pepper and Spice Association, in November, our country's pepper exports reached 15,948 tons of all kinds. The total pepper export turnover in the month reached 106.5 million USD. The average export price of black pepper in November reached 6,513 USD/ton, white pepper reached 8,286 USD/ton, an increase of 229 USD for black pepper and 57 USD for white pepper compared to October 2024. In the first 11 months of 2024, Vietnam exported 235,335 tons of pepper of all kinds, of which fermented pepper reached 207,498 tons and white pepper reached 27,837 tons. Total export turnover reached more than 1.217 billion USD, of which black pepper reached 1.361 billion USD, white pepper reached 181.5 million USD. Compared to the same period in 2023, the amount of pepper exported decreased ...

Source: Danviet