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Ending April, pepper exports reached 83,783 tonnes, worth $353 million, marking a decrease of 18.3 per cent in volume but an increase of 11.5 per cent in value year-on-year.
Asia is the largest export region for Vietnam’s pepper in the first quarter of 2024, India being the largest export market in the region.
The Prime Minister also asked relevant ministries to complete the new regulations before April 25, 2024 to remove current difficulties and create favourable conditions for the production and business activities for the medicinal herbs.
The association expects that the country’s total spice export turnover will reach $2.2 billion in the next five years.
Insiders predict rising prices for Vietnamese coffee and pepper amid limited supply and export growth.