News

28Jun-19

Vietnam Pepper Association not hopeful of global price recovery

HCM City (VNS/VNA) – With supply remaining higher than demand in the global market, pepper prices are unlikely to recover this year, according to the Vietnam Pepper Association. Speaking at a seminar on Vietnam Pepper Crop 2018 – Orientation and Action Plan in 2019 held in Ho Chi Minh City on May 10, Nguyen Nam Hai, chairman of the association, said Vietnam exported over 235,800 tonnes of the spice worth nearly 775 million USD last year, a year-on-year increase of 9.7 percent [...]

26Apr-19

Pepper output to reach 200,000 tonnes this year

HÀ NỘI — Việt Nam’s pepper output this year would reach around 200,000 tonnes, according to the International Pepper Community (IPC). Output of black pepper was forecast at 175,000 tonnes, while the remainder would be white pepper. The IPC also predicted the pepper output of the world’s biggest exporters such as Việt Nam, Brazil, Indonesia and India in 2019 would be lower than last year. The Import-Export Department under the Vietnamese Ministry of Industry and Trade said up to 95 per cent [...]

26Apr-19

Export price of Vietnamese pepper down 62 per cent

HÀ NỘI — The average export price of Vietnamese pepper fell by 62 per cent year-on-year in the first eight months of 2018 to around US$3,330 per tonne following a dip in the global market, according to the Ministry of Agriculture and Rural Development. The ministry forecast the export price of Vietnamese pepper as well as global pepper prices were unlikely to recover this year due to low demand and upcoming harvests in major pepper producing countries such as Indonesia, [...]

26Apr-19

Ministry finds no proof of alleged pepper price scam

HÀ NỘI — The Ministry of Industry and Trade (MoIT) has not found evidene supporting accusations by the Việt Nam’s Pepper Association (VPA) of price manipulation by foreign traders in the pepper market. VPA claimed on its website that domestic pepper prices had been fluctuating abnormally since late July due to price manipulation by Chinese traders. VPA said its members reported that Chinese traders ordered large quantities of pepper from domestic exporters, pushing them to deliver as soon as possible, which created the [...]

26Apr-19

Gia Lai pepper farmers developing Sri Lanka plant

HÀ NỘI — Pepper growers in Gia Lai Province are developing pepper plants from Sri Lanka, instead of local varieties, however some agricultural experts are wary of its development potential. Despite the low market price of pepper early this week, farmers in the Tây Nguyên (Central Highlands) province of Gia Lai were still taking risks on the strange variety from Sri Lanka, with buying prices of VNĐ105,000-115,000 per kg, three times higher than Vĩnh Linh pepper (named after a popular [...]

26Apr-19

Pepper industry prioritises quality

A farmer harvests pepper. The pepper industry plans to reduce the area where the spice is cultivated and focus instead on improving quality to ensure long-term growth. — VNA/VNS Photo HCM CITY — The pepper industry plans to reduce the area under the spice and focus instead on improving quality to ensure long-term growth, a seminar heard in HCM City yesterday. Lê Văn Đức, deputy head of the Crop Production Department, said the pepper cultivation area had increased sharply since 2010 [...]