Pepper price still low in next few years

At present, though pepper price is standing at VND60,000 per kilogram, it is still lower than that in 2015 when pepper was sold at VND200,000 a kilogram.

Pepper price still low in next few years

At the pepper industry’s annual meeting on May 11 held by the Vietnam Pepper Association (VPA), Deputy Minister of Agriculture and Rural Development Tran  Thanh Nam stressed that because of oversupply, pepper price has gone down in the world, adding that the only way to raise pepper price is to improve its quality.

VPA and the government will re-structure the industry by shrinking the farming land areas and quantity as well as raising quality and diversify pepper products for export.

In 2017,  export turnover of pepper fell by 21 percent compared to 2016. In the first four months of 2018, export revenue continued to go down by 33 percent, earning $311 million despite export volume increased by 15.5 percent with 88,000  tons.

Experts predicted pepper price would decline in the next few years; accordingly, pepper farming land areas will shrink in unsuitable wether provinces (farming land square of pepper is now 152,000 hectare).

According to VPA, though there was a year-on-year decrease of 30-40 percent in pepper productivity, bad weather and low price this year its quality was improved because farmers have no longer abused chemical fertilizer and pesticide.


Other news

Most view

Manufacturing tyres in the Southern Rubber Industry Joint Stock Company-Casumina  (Photo: Sggp)

Rubber tyres made in Vietnam sold worldwide

Made-in-Vietnam tyres have been exported to 128 countries throughout the world, reached US$920 million in 2017, according to the Vietnam Rubber Association (VRA).


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

DIG issue 14 million shares

Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.