Vietnam shipped abroad 78,000 tonnes of pepper in the first seven months of the year, earning US$420 million, equal to the value of the entire 2010.
|Pepper tree planted in Phu Quoc Island. Vietnam ships abroad 78,000 tonnes of pepper in the first seven months of the year, earning US$420 million (Photo: U. Phuong)|
According to President of the Vietnam Pepper Association (VPA) Do Ha Nam , the US and Germany are the two largest importers of Vietnamese pepper, while the Netherlands , the United Arab Emirates and Egypt also bought large volumes.
At the moment, Vietnam has almost completed this year’s pepper harvest with an estimated output of 100,000-110,000 tons, equal to the volume of 2010.
The exports price of pepper from now till early 2012 is forecast to stay high as supplies from major producers like Vietnam , Brazil and Indonesia cannot meet the world’s demands.
The Ministry of Agriculture and Rural Development expects that the country would earn over US$766 million in 2011, US$346 million more than the figure of 2010.