Pepper Exports Forecast to Earn US$780 Million
If the price of pepper remains as high as in July at more than US$7,000 per tonne, pepper exports in 2012 can reach 110,000-115,000 tonnes, to earn US$770-780 million in revenue, according to the Vietnam Pepper Association (VPA).
In case things are not as expected, many pepper farmers may keep their harvested pepper in stock, waiting for the price to rise again.
The VPA has warned pepper enterprises that they need to think twice before signing any import and export contracts to avoid risks.
It has asked the Government and relevant agencies to help pepper farmers and enterprises access loans at low interest rates to expand their pepper growing areas and processing facilities.
The VPA has also proposed that companies involved in pepper business be exempt from value added tax (VAT).
CPV/VOVNEWS
Vietnamese
