Pepper prices increase sharply

11:10, 27/10/2014

(ĐN)- The black pepper prices in Dong Nai have increased by VND200,000-215,000 a kilogram, up about VND15,000 compared to the end of September, according to the provincial Agriculture and Rural Development.

 

(ĐN)- The black pepper prices in Dong Nai have increased by VND200,000-215,000 a kilogram, up about VND15,000 compared to the end of September, according to the provincial Agriculture and Rural Development.

The rise was due to the increasing pepper demand in the market and the rising pepper export volume of Vietnam to many countries.

Vietnamese pepper export earnings exceeded 1 billion USD by the middle of September and will likely reach 1.3 billion USD by the end of the year. Regarding export markets, the US continued to be Vietnam’s largest pepper buyer, followed by Singapore, the UAE, India and the Netherlands.

Reported by K.V