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Farmers peppered with success
The Vietnam Pepper Association (VAP) recently said at the current time nationwide pepper output has achieved 95,000 tons, an increase of 4,000 tons compared with last year, with many farmers reaping net profits of 50 percent.
The price of pepper on the domestic market is VND30,000 ($1.69) per kilo.
Chu Se pepper is one of the most famous in Vietnam and has seen its price increase by five to ten percent. Chu Se pepper output in Gia Lai Province was high, with around five tons per hectare. Some pepper gardens achieved five to ten tons per hectare.
Chu Se pepper products always sell at the highest prices in the country. Many foreign businessmen around the world know Chu Se Pepper and have visited Chu Se District. Some have signed high-valued export contracts directly with local farmers.
With bumper crops of pepper this year, many famers have become millionaires.
At present, more than 100 farming households sell over 30 tons of dry pepper per year, some farmers have hoarded up to 100 tons of dry peeper.
VPA asked farmers in Loc Ninh, Binh Phuoc Province, Chau Duc, Ba Ria- Vung Tau Province, and Phu Quoc, Kien Giang Province, to improve their trademarks as it will help enhance pepper quality and improve income.
Vietnam is the world’s largest pepper exporter, with an annual output of 100,000 tons, accounting for 50 percent of the global market share.
The VPA reported that the world pepper price continues to rise as processors keep buying in raw material.
VietNamNet/SGGP
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