Price of black pepper in Chu Se Market in the highlands provinces surged to VND182,000 per kilogram, an increase of VND5,000 compared to previous time, said Le Sy Quy, Deputy head of the province's Department of Agriculture and Rural Development.
|A pepper farm in Phu Quoc District in the southern province of Kien Giang. Phu Quoc pepper, one key produces, is an indispensable spice in many local dishes (Photo: Cat Tuong)|
The agricultural product is sold at VND185,000 per kilogram (US$ 8.7) in the southern province of Binh Phuoc. This is the highest price so far, bringing much profit to farmers.
Price of black pepper hiked in the highlands provinces because there is not much pepper in farmers' stock.
According to the pepper industry's forecast, the country's pepper output is likely to be 130,000 tons and pepper would reach US$1 billion to the revenue of the country's farm produce exports, with a total volume of 150,000 tons.
If the forecast become true, this year will be likely to be the banner year of the sector with the highest turnover.