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VN hits record pepper exports
Viet Nam achieved a record high in pepper export value last year, retaining its position as the largest exporter of the spice in the world, said the Ministry of Agriculture and Rural Development.
The ministry said the country exported 116,000 tonnes of pepper, earning US$419 million in revenue. Exports marked a year-on-year reduction of 13.3 per cent in volume but an increase of 20.5 per cent in value.
Do Ha Nam, Chairman of the Viet Nam Pepper Association, said Viet Nam accounted for 60 per cent of total pepper exports on the world market; meaning it could control global price of the product.
Foreign experts admitted that Viet Nam's pepper industry had a great effect on supply and demand, and global prices, Nam said.
Those successes were the results of the domestic pepper industry's sustainable development process, and increased focus on quality, Nam said.
Viet Nam has 17 modern pepper factories able to process a total of 60,000 tonnes per year, including 10 factories meeting international quality standards.
Some partners from Japan, India and the Netherlands had put investment to phases of purchasing, processing and exporting pepper products to contribute to export value and competitiveness of Vietnamese pepper on the world market.
Meanwhile, local exporters had added value through the application of modern processing and diversified products for export to push the price of pepper up.
The association encouraged its member enterprises to increase output of white pepper that required modern processing technology for growth in export value, Nam said.
White pepper output accounted for 20 per cent of the total pepper exports in 2010, a dramatic increase over the 5 per cent of 2002.
The association expected demand and the price of the spice on the world market to remain high this year. Viet Nam would produce 100,000-110,000 tonnes of pepper, with 100,000 tonnes earmarked for export, Nam said.
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