Pepper export earns US$420 mln in H1 2011

Earnings from pepper export for the entire 2011 are estimated at around US$600 mln, US$180 mln higher than last year, according to Do Ha Nam, chairman of Vietnam Pepper Association.

Meanwhile, for the first six months of this year, the country exported 70,000 tons of pepper worth US$420 mln.

Pepper’s price is foreseen to remain high until early 2012 as the world’s demand is rising.

This opportunity also brings Vietnam some environmental challenges since farmers will more likely replace less economical plants with pepper. Deforestation for agricultural purposes will escalate as well.

tuoitrenews, TBKTSG

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