Vietnam Has 20,000 Tons of Pepper for Exports by Late 2009
Vietnam has left only 15,000-20,000 tons of pepper for exports in the remaining months of 2009, according to the Vietnam Pepper Association (VPA).
The VPA estimated that the country would harvest 105,000 tons of pepper this year, of which up to 95,000 tons worth US$228 million were shipped abroad already in the first eight months.
In August, the country sold abroad 13,113 tons of pepper worth US$34.8 million, down 5.28% in volume and up 1.02% in value against the previous month.
The U.S. continued to be the largest importer of Vietnam’s pepper, purchasing 1,916 tons in the month. The United Arab Emirates ranked second with 1,623 tons.
Germany and Egypt followed with respective figures of 928 tons and 861 tons.
Prices of pepper have recently started rising in Vietnam thanks to soaring global demand. On September 9, pepper was sold for VND47,500 per kilo in the central highlands province of Dak Lak, the highest level since early 2009.
VPA is encouraging its members to meet market requirements by further investing in appropriate processing equipment.
Vietnam, the world’s leading pepper exporter, is expected to export 100,000 tons of pepper in 2009, an increase of 10,000 tons over last year. (Youth, CPV)
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