Vietnam's pepper exports jumped 29.4% in volume to 49,000 tonnes and 32.3% in value to US$331 million in the first three months of 2014, compared to the same period last year.
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Vietnam’s pepper exports jumped 29.4% in volume to 49,000 tonnes and 32.3% in value to US$331 million in the first three months of 2014, compared to the same period last year.
The Ministry and Agriculture and Rural Development (MARD) reported that 25,000 tonnes of pepper worth US$170 million was shipped abroad in March at an average price of VND6,828/tonne, or 3% higher than the same period last year.
MARD announced that the US, Singapore and India emerged as Vietnam’s largest pepper consumers, accounting for 43.63% of total market share.
According to the Ministry of Industry and Trade (MoIT), the country is currently the world leader in terms of pepper output and export volume, and plays a key role in stabilizing the global pepper market.
The Vietnam Pepper Association (VPA) predicts the country’s pepper output may reach 120,000-125,000 tonnes by the end of 2014, posting export revenue of US$900 million.
Last year, Vietnam raked in US$899 million from exporting 134,000 tonnes, or a year-on-year increase of 15% in volume, and over 13% in value.
(Source:VOV)
