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Pepper exports reach record high
Viet Nam exported 58,000 tonnes of pepper in the first seven months of this year, earning US$202 million, according to a General Statistics Office report.
The report noted pepper exports increased 14.8 per cent in volume and 31.6 per cent in value over the same period of last year.
Do Ha Nam, chairman of the Viet Nam Pepper Association, said the average export price of $3,300 per tonne is $100 higher than the 2007 price, but added that prices may decrease in the second half of the year as Indonesia, Malaysia, Brazil and Sri Lanka harvest crops.
This year India and Viet Nam, the two largest pepper producers in the world, have harvested 86,000 tonnes and 50,000 tonnes, respectively, he said.
He expects Viet Nam to export 80,000 tonnes of pepper in 2008 - a 35 per cent share of the world pepper market - and says that if this target is met, the industry will earn around $290 million.
Ten pepper processing plants export to around 80 countries, and reach European and US export standards, said Nam.
He added that the Association helps industry players identify potential export markets, and with Ministry of Industry and Trade support, has sent market research delegations to Europe, America and the Middle East.
VNS
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