US, Netherlands Become Vietnam's Largest Pepper Importers
Vietnamese pepper products are currently available in as many as 80 overseas markets with the US and the Netherlands being the largest buyers, according to the Vietnam Pepper Association (VPA).
Following are Singapore, Russia, EU and the Middle East, the association added.
The VPA reported that domestic enterprises have so far this year shipped more than 59,000 tons of pepper abroad, raking in US$90 million, up 46 per cent in volume and 50.8 per cent in value against the same period last year.
Thanks to its improved quality, Vietnamese pepper is fetching higher and higher prices on the world market. It peaked at US$1,600 per ton free on board (FOB) in April, up US$180 compared to the beginning of this year.
Vietnam is expected to ship as many as 100,000 tons of pepper in 2006, making up for more than 50 per cent of total world pepper shipments.
Limited global pepper supplies resulting from decreased output from the world’s major producers such as India, Indonesia, and Brazil, will continue to push its prices up, the association forecasts.
VNA
Vietnamese
