Vietnam’s Pepper Exports Cross 41,000 Tonnes During First Two Months Of 2023, Up 35% In Volume
India is the largest exporter of pepper in the world followed by Vietnam and Sri Lanka. According to the Ministry of Industry and Trade’s Import-Export Department, Vietnam exported over 41,000 tonnes of pepper worth 129 million USD in the first two months of the current year, a 35% increase in volume but a 7.4% decrease in value compared to the same period in 2022.
Price For Vietnamese Pepper
In February 2023, the average export price for Vietnamese spices was 3,059 USD per tonne, down 11.1% from the previous month and 32.8% from the previous year. Its average export price during the reviewed period was 3,177 USD per tonne, down 31.4% from the same time last year. Due to rising demand from the Chinese market, black and white pepper prices on the domestic market rose significantly in February.
White & Black Pepper Price
In comparison to January, the price of Black Pepper increased by 8,000 VND – 8,500 VND per kg (0.34 and 0.36 USD), or by 13.9% to 15.3%, to reach between 64,000 VND and 65,500 VND per kg.
In the meantime, the prices of White Pepper increased to 98,000 VND per kg, up 6,000 VND per kg from the end of January but still below the 121,000 VND per kg seen during the same time in the previous year. According to the ministry, rising importer demand is expected to lead to a recovery in the global pepper market.
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