Five Months: Pepper Export Worth US$627 Million
Pepper export in the first five months of 2016 saw rapid growth in volume, but export value of the commodity decreased from a year earlier, according to the Ministry of Agriculture and Rural Development.
Specifically, pepper export volume was estimated to reach 19,000 tonnes in May, valued at USD71 million, bringing the figures for the five months to 87,000 tonnes, worth USD627 million, up 19 per cent in volume but down 7.3 per cent in value year - on - year.
Average pepper export price in the first four months this year posted USD8,111 per ton, a year-on-year decline of 11.8 per cent. Major markets importing pepper from Vietnam in the four months were the US, India, the United Arab Emirates and Germany, with 44.39 per cent of market share.
Meanwhile, markets witnessing export value growth were Germany (63 per cent), India (25.4 per cent), the US (20.8 per cent) and the Republic of Korea (20.4 per cent).
Currently, Vietnam holds a 32 per cent share of the world’s pepper market, followed by India (18 per cent) and Indonesia (16 per cent).
CPV
CPV
Vietnamese
